Buck v. Viking Holding Management Company, LLC

SUPERIOR COURT
OF THE
STATE OF DELAWARE

MEGHAN A. ADAMS LEONARD L. WILLIAMS JUSTICE CENTER
JUDGE 500 N. KING STREET, SUITE 10400
WILMINGTON, DELAWARE 19801
(302) 255-0634
October 17, 2024
John M. LaRosa, Esq. Peter H. Kyle. Esq.
LaRosa & Associates LLC John L. Reed, Esq.
1225 North King Street, Suite 802 Daniel P. Klusman, Esq.
Wilmington, DE 19801 DLA Piper US LLP
1201 North Market Street, Suite 2100
Wilmington, DE 19899
RE: Michael Buck v. Viking Holding, et al.
C.A. No. N20C-08-249 MAA CCLD

Dear Counsel:

The Court is in receipt of Defendant Viking Holding Management Company,

LLC’s letter dated October 14, 2024. (D.I. 290). As a preliminary matter, many of

the arguments from Holdco’s letter are an improper (and untimely) motion for

reargument1 or a re-hashing of previous arguments from this case. The Court need

not address these arguments.2

The Court will now address the portions of Holdco’s October 14 Letter

addressing Buck’s proposed Final Order and Judgment. The Court believes it would

be prudent for the parties to work together to draft a proposed Final Order and

Judgment. If the parties are unable to come to an agreement by virtual means within

seven business days, the Court will then order the parties to meet, in-person and with

1
Pursuant to Superior Court Civil Rule 59(e), “[a] motion for reargument shall be served and filed
within 5 days after the filing of the Court’s opinion or decision.”
2
See Post-Trial Letter to Counsel dated October 15, 2024 (D.I. 293).
Michael Buck v. Viking Holding, et al.
C.A. No. N20C-08-249 CCLD
October 17, 2024
Page 2 of 2

Delaware Counsel present, to come to a resolution. If the parties are still unable to

come to a resolution, the parties shall jointly submit, within seven business days of

the in-person meeting, a proposed Final Order and Judgment noting the

disagreement(s).

For purposes of clarification and to assist the parties in drafting the proposed

Final Order and Judgment:

• In Holdco’s October 14 Letter, it does not dispute the Principal Amount in
paragraph 1 of the Proposed Final Order and Judgment. Thus, the Principal
Amount is deemed unopposed for purposes of the Final Order.

• The discount rate on May 29, 2020 was 0.25%.

• The Court’s order is that the judgment shall be paid by check or wire transfer
within thirty days. Buck did not “choose” his form of payment; the Court
ordered this remedy based on Holdco’s breach of the Agreement. The Court
understands that Holdco disagrees with this decision; its recourse is to appeal
to the Supreme Court of Delaware.

After final judgment is entered, the parties shall brief the issue of costs.

Plaintiff shall file any motion within ten days pursuant to Superior Court Civil Rule

54(d). IT IS SO ORDERED.

Sincerely,

/s/ Meghan A. Adams
Meghan A. Adams, Judge

cc: All Counsel via File and Serve