ASC Intermediate Holding Co. v. Jammet, C.A. No. 2024-0992-MAA (Del. Ch. July 30, 2025)
In this letter opinion, the Court resolved a partial motion to dismiss involving a dispute under a securities purchase agreement. Citing the Court’s prior decision in Agspring, LLC v. NGP X Holdings, L.P. and collateral estoppel, the Court dismissed two counts because an arbitrator had already resolved the factual disputes underlying the buyers’ claims. Thus, collateral estoppel barred the claims, because Delaware courts give valid and final arbitration awards the same effect as a court’s judgment.
