Eller Associates Inc. v. Ryan A. Turner

IN THE SUPREME COURT OF THE STATE OF DELAWARE

ELLER ASSOCIATES INC., ELLER §
INTERNATIONAL INC., ELLER 2 §
ASSOCIATES INC., ELLER 2 §
INTERNATIONAL INC., and §
ELLIOTT INVESTMENT §
MANAGEMENT L.P., §
§ No. 142, 2026
Plaintiffs Below/Appellants, §
Cross-Appellees, § Court Below—Court of Chancery
§ of the State of Delaware
v. §
§ C.A. No. 2025-1095
SRP CAPITAL ADVISORS LLC, §
RYAN A. TURNER, SRP §
OPPORTUNITIES II, GP, LP, §
SRPO-II PARTNERS I, GP, LP, §
SRP OPPORTUNITIES III GP, LP, §
SRP PONTIAC MANAGEMENT §
SERVICES, LLC, SRP MERCURY §
MANAGEMENT SERVICES, LLC, §
RAT MERCURY A HOLDINGS, §
LLC, RAT PONTIAC A §
HOLDINGS, LLC, RAT MERCURY §
B HOLDINGS, LLC, RAT PONTIAC §
B HOLDINGS, LLC, FORD §
MINERAL ACQUISITIONS, LLC, §
SRP PONTIAC EMPLOYEE §
HOLDINGS, LLC and SRP §
MERCURY EMPLOYEE §
HOLDINGS, LLC, §
§
Defendants Below/Appellees, §
Cross-Appellant. §

Submitted: June 10, 2026
Decided: June 12 , 2026
Before SEITZ, Chief Justice; TRAYNOR and LEGROW, Justices.

ORDER
This 12th day of June, 2026 after consideration of the parties’ briefs, the

argument of counsel, and the record on appeal, it appears to the Court that the

judgment of the Court of Chancery should be affirmed on the basis of and for the

reasons stated in its December 19, 2025 bench rulings, 1 February 6, 2026 letter

opinion,2 and March 12, 2026 order denying the plaintiffs’ motion for reargument.3

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

Chancery be AFFIRMED. Appellees’ cross-appeal is moot.

BY THE COURT:

/s/ Gary F. Traynor
Justice

1
Opening Br. Ex. A.
2
Eller Assocs. Inc. v. SRP Cap. Advisors LLC, 2026 WL 323969 (Del. Ch. Feb. 6, 2026).
3
Opening Br. Ex. D.
2