Global Discovery Biosciences Corp. v. Harrington ( 2023 )

COURT OF CHANCERY OF THE SAM GLASSCOCK III STATE OF DELAWARE COURT OF CHANCERY COURTHOUSE VICE CHANCELLOR 34 THE CIRCLE GEORGETOWN, DELAWARE 19947 Date Submitted: August 17, 2023 Date Decided: August 17, 2023 Stephen C. Norman, Esquire Alan D. Albert, Esquire David A. Seal, Esquire O’HAGAN MEYER PLLC Callan R. Jackson, Esquire 800 N. King Street, Suite 303 Charles R. Hallinan, Esquire Wilmington, DE 19801 POTTER ANDERSON & CORROON LLP Andrew L. Cole, Esquire 1313 N. Market Street COLE SCHOTZ P.C. Hercules Plaza, 6th Floor 500 Delaware Avenue, Suite 1410 Wilmington, DE 19899 Wilmington, DE 19801 Re: Global Discovery Biosciences Corp. v. Harrington, et al., Civil Action No. 2022-1132-SG Dear Counsel: This brief Letter Opinion memorializes my August 17, 2023 bench ruling in which I denied Defendants’ motion to dismiss with respect to Counts VIII, I, II, V, and VI without prejudice to Defendants’ ability to argue that the latter four counts are partially preempted by the Delaware Uniform Trade Secrets Act. As I requested, the parties should submit brief supplemental memorandum regarding the basis of the bankruptcy court’s consideration of the bad faith of Global Discovery’s bankruptcy filing, by the end of business day on August 23, 2023. The motion to dismiss will be fully submitted upon receipt of these supplemental memorandum. To the extent the foregoing requires an Order to take effect, IT IS SO ORDERED. Sincerely, /s/ Sam Glasscock III Vice Chancellor 2