Paul S. Buddenhagen v. Barry L. Clifford

IN THE SUPREME COURT OF THE STATE OF DELAWARE
PAUL S. BUDDENHAGEN, §
Individually and on Behalf of All § No. 228, 2025
Others Similarly Situated, and §
Derivatively on Behalf of MARITIME § Court Below–the Court of
EXPLORATIONS, INC., § Chancery of the State of
§ Delaware
Plaintiffs Below, Appellants, §
§ C.A. No. 2019-0258
v. §
§
BARRY L. CLIFFORD and THE §
ESTATE OF ROBERT T. LAZIER, §
§
Defendants Below, Appellees. §
Submitted: November 19, 2025
Decided: December 2, 2025

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

ORDER

After careful consideration of the parties’ briefs and the record on appeal, and

following oral argument, we find it evident that the judgment below should be

affirmed on the basis of and for the reasons stated in the Court of Chancery’s Post-

Trial Memorandum Opinion dated May 10, 2024.

NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of

Chancery is AFFIRMED.

BY THE COURT:

/s/ N. Christopher Griffiths
Justice