Delaware's Chancery Court Declines to Expand Gentile Doctrine
Thursday, June 3, 2021 In Gentile doctrine. In so doing, the Court held that the counterclaims attempting to rely on it had to be dismissed. Firefly Space Systems, Inc. (“Original Firefly”) was an aerospace startup founded by Michael Blum, Patrick Joseph King, and Thomas Markusic in late 2013 with the aim of launching small-load rockets into orbit. Counterclaim-Plaintiffs Blum, King, Lauren McCollum, Steven Begleiter, Green Desert N.V., Swing Investments BVBA, Bright Success Capital Ltd., and Wunderkind Space Ltd. (collectively, “Original Firefly Investors”) each owned st...
Source: natlawreview.com