Edelman v. King

IN THE SUPREME COURT OF THE STATE OF DELAWARE

JEFFREY EDELMAN, §
§
Plaintiff Below, Appellant, §
§
v. § No. 388, 2023
§
JOHN BRYAN KING, LEE S. HILLMAN, § Court Below: Court of
BIANCA A. RHODES, MARK F. MOON, § Chancery of the State of
ANDREW B. ALBERT, I. STEVEN § Delaware
EDELSON, RONALD J. KNUTSON, LKCM §
HEADWATER INVESTMENTS II, L.P., § C.A. No. 2022-0886
LKCM HEADWATER II SIDECAR §
PARTNERSHIP, L.P., HEADWATER §
LAWSON INVESTORS, LLC, LKCM §
MICRO-CAP PARTNERSHIP, L.P., LKCM §
CORE DISCIPLINE, L.P., and LUTHER KING §
CAPITAL MANAGEMENT CORPORATION, §
§
Defendants Below, Appellees, §
§
-and- §
§
DISTRIBUTION SOLUTIONS GROUP, INC., §
a Delaware corporation, §
§
Nominal Defendant Below, Appellee. §

Submitted: May 22, 2024
Decided: June 4, 2024

Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, LEGROW, and
GRIFFITHS, Justices, constituting the Court en banc.

ORDER

This 4th day of June 2024, after careful consideration of the parties’ briefs and

the record on appeal, and after oral argument, we conclude that the judgment of the
Court of Chancery should be affirmed on the basis of and for the reasons stated in

its Telephonic Bench Ruling on September 19, 2023 and its Final Order dated

September 19, 2023.

NOW, THEREFORE, IT IS ORDERED that the Court of Chancery’s

judgment is AFFIRMED.

BY THE COURT:

/s/ N. Christopher Griffiths
Justice

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