James A. Zachman v. Real Time Cloud Services, LLC, et al.
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IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE JAMES A. ZACHMAN, Plaintiff, v. REAL TIME CLOUD SERVICES, LLC, SANGEETA CHHABRA, and CBS ACCOUNTING PVT LTD., Defendants, REAL TIME DATA SERVICES, LLC, Intervenor/Defendant. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) C.A. No. 9729-VCG ORDER AND FINAL JUDGMENT WHEREAS, on March 31, 2020, the Court issued a Memorandum Opinion finding that the Defendants were liable to the Plaintiff for a breach of fiduciary duty, and that the damages for the breach were “$173,000 plus interest at the legal rate” 1; WHEREAS, as noted in the Memorandum Opinion, the Plaintiff did not successfully argue that certain of the Defendants, Real Time Cloud Services, LLC, 1 Zachman v. Real Time Cloud Servs., LLC, 2020 WL 1522840, at *20 (Del. Ch. Mar. 31, 2020). and Intervenor-Defendant Real Time Data Services, LLC, owed fiduciary duties to the Plaintiff2; IT IS HEREBY ORDERED this 22nd day of July, 2020 as follows: 1. Judgment is entered in favor of Plaintiff James A. Zachman and against Defendants Sangeeta Chhabra and CBS Accounting Private Limited in the amount of $173,000, together with pre-judgment interest in the amount of $73,805 to the date of the Memorandum Opinion, and interest thereafter at the legal rate until the judgment is paid; 2. Defendants Sangeeta Chhabra and CBS Accounting Private Limited shall also pay Plaintiff his court costs in the amount of $9,049. Plaintiff’s further requests for costs related to expert witness fees are not substantiated with regard to appearance at trial and are denied. Any further requests for reimbursement of costs and fees are denied. /s/ Sam Glasscock III Vice Chancellor 2 Id. at *14 n.178.
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