Case Title: First State Depository Co., et al. v. Israel Discount Bank of New York

Citation: 

Docket Number: 580, 2012

State: delaware

Court: Delaware Supreme Court

Date: 2012-11-14T00:00:00Z

Document:
IN THE SUPREME COURT OF THE STATE OF DELAWARE 
 
FIRST STATE DEPOSITORY 
COMPANY, LLC and CERTIFIED 
ASSETS MANAGEMENT, INC.,  
 
Defendants Below- 
Appellants, 
 
v. 
 
ISRAEL DISCOUNT BANK OF 
NEW YORK,  
 
           Plaintiff Below- 
Appellee. 
§ 
§  No. 580, 2012 
§ 
§ 
§  Court Below-Court of Chancery 
§  of the State of Delaware 
§  C.A. No. 7237 
§   
§ 
§ 
§ 
§ 
§ 
§ 
 
                                         Submitted: November 1, 2012 
 
 
 
 
   Decided: November 14, 2012 
 
Before STEELE, Chief Justice, JACOBS and RIDGELY, Justices 
 
 
 
 
 
 
O R D E R  
 
 
This 14th day of November 2012, it appears to the Court that: 
 
(1) 
The defendants-appellants, First State Depository Company, LLC and 
Certified Assets Management, Inc. (the “appellants”), have petitioned this Court, 
pursuant to Supreme Court Rule 42, to accept an appeal from the interlocutory 
order of the Court of Chancery dated September 27, 2012, which denied their 
motion to dismiss the breach of contract and conversion claims of the plaintiff-
appellee, Israel Discount Bank of New York.   
 
2
 
(2) 
The appellants filed their application for certification to take an 
interlocutory appeal in the Court of Chancery on October 8, 2012.  On October 31, 
2012, the Court of Chancery denied the certification application on the ground that 
the requirements of Supreme Court Rule 42 had not been met. 
 
(3) 
Applications for interlocutory review are addressed to the sound 
discretion of this Court.  In the exercise of its discretion, the Court has concluded 
that the appellants’ application for interlocutory review fails to meet the 
requirements of Supreme Court Rule 42 and, therefore, should be refused. 
 
NOW, THEREFORE, IT IS ORDERED that the interlocutory appeal is 
REFUSED. 
 
 
 
 
 
 
 
BY THE COURT: 
 
 
 
 
 
 
 
/s/ Henry duPont Ridgely 
 
 
 
 
 
 
 
Justice