T
T
T

Gentile v. Rosette

Case Number:
20213
Start Date:
March 31, 2008
End Date:
April 03, 2008
Description:
The Plaintiffs, former shareholders of SinglePoint, which merged into a subsidiary of Cofiniti, Inc. in 2000, bring this action for breach of fiduciary duty against its two directors. They challenge, as an unwarranted dilution of their equity interests and voting power in SinglePoint, the conversion of some of the debt held by Rossette into SinglePoint common stock at an unfairly and unreasonably low conversion rate. They also challenge special benefits that Rossette received as part of the merger—additional consideration upon which he conditioned his approval of the merger. Remanded from Delaware Supreme Court
Judge:
Noble, John W
Courthouse:
  • New Castle County Courthouse
  • 500 North King Street
  • Wilmington, DE 19801
  • Court Website
Jurisdiction:
State Trial Court
Delaware Court Of Chancery

Witnesses

  • Rosette, Pasquale David
  • Rosette, David
  • Bachelor, Douglas
  • Kirk, Rebecca
  • Torcio, Frank
  • Gentile, John