Tag Archives: doctrine of efficient breach

Delaware Supreme Court Increases Damages from $1 to $126 Million, Holds Chancery Misapplied Efficient Breach Doctrine

BY: Lisa M. Coyle | May 14, 2019

On May 2, 2019, Justice Traynor authored a unanimous opinion in which the Supreme Court of Delaware, sitting en banc, reversed a decision by Vice Chancellor Laster of the Delaware Court of Chancery awarding Leaf Invenergy Company (“Leaf”) $1 in nominal damages for breach of an LLC Agreement in favor of an award equal to … Continue reading