Case Title: XCOMP, Inc. v. Ropp

Citation: 

Docket Number: 470, 2002

State: delaware

Court: Delaware Supreme Court

Date: 2003-05-30T00:00:00Z

Document:
IN THE SUPREME COURT OF THE STATE OF DELAWARE 
 
XCOMP, INC. and WATSON M. 
HORNER, 
 
Appellants Below- 
Appellants, 
 
v. 
 
JAMES B. ROPP, Securities 
Commissioner, Division of 
Securities, State of Delaware 
Department of Justice, 
 
Appellee Below- 
Appellee. 
§ 
§ 
§  No. 470, 2002 
§ 
§ 
§  Court Below-Court of Chancery 
§  of the State of Delaware, 
§  in and for New Castle County 
§  C.A. Nos. 17075; 17406 
§ 
§ 
§ 
§ 
§ 
§ 
 
Submitted:  April 25, 2003 
Decided:  May 30, 2003 
 
Before VEASEY, Chief Justice, BERGER and STEELE, Justices 
 
O R D E R 
 
 
This 30th day of May 2003, upon consideration of the briefs of the parties 
and the record below, we find that the factual findings of the securities 
commissioner were supported by material and substantial evidence1 and that there 
was no error of law.2  We, furthermore, conclude that the judgment of the Court of 
                                                          
 
1DEL. CODE ANN. tit. 6, § 7324(b). 
2Hubbard v. Hibbard Brown & Co., 633 A.2d 345, 348 (Del. 1993) (citing Blinder, Robinson & 
Co. v. Bruton, 552 A.2d 466, 470 (Del. 1989)). 
 
2
Chancery should be affirmed on the basis of and for the reasons set forth in its 
well-reasoned decision dated July 17, 2002. 
 
NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of 
Chancery is AFFIRMED. 
 
 
 
 
 
 
 
BY THE COURT: 
 
 
 
 
 
 
 
/s/ Myron T. Steele 
 
 
 
 
 
 
 
Justice