Stockbridge v. Gemini Air Cargo, Inc.
No. 041716 · Supreme Court of Virginia. Each entry below is the court's own record, with its date and a link. This page does not say which side is ahead or what an entry means.
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· Supreme Court of Virginia
ReversedRemandedGranted
The court's record, as written
041716 Stockbridge v. Gemini Air Cargo, Inc. 04/22/2005 In a breach of contract action pertaining to a Delaware corporation's obligation to repurchase shares of its own stock from a former employee, the trial court erred by relying on Title 8, Section 160(a) of the Delaware Code in granting summary judgment in the corporation's favor. Issues concerning the propriety of summary judgment, a corporation's standing to assert this statute as a defense to a contractual stock repurchase obligation, and waiver of contract rights are discussed. The judgment of the trial court is reversed and the case remanded for further proceedings.
Outcome words in this text: granting, reversed, remanded.
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