Case Title: FS Parallel Fund, L.P. et al. v. Ergen, et al.

Citation: 

Docket Number: 

State: delaware

Court: Delaware Supreme Court

Date: 2004-04-15T00:00:00Z

Document:
IN THE SUPREME COURT OF THE STATE OF DELAWARE
FS PARALLEL FUND., L.P., FS
§
EMPLOYEE INVESTORS LLC, FURMAN§
SELZ INVESTORS II L.P., ING FURMAN § No. 423, 2003
SELZ INVESTORS III L.P., ING  
§
BARINGS GLOBAL LEVERAGED
§
EQUITY PLAN LTD. and ING BARINGS § Court Below:  Court of Chancery
U.S. LEVERAGED EQUITY PLAN LLC,
§ of the State of Delaware, in and 
§ for New Castle County
    
Plaintiffs Below,
§
Appellants,
§   C. A. No. 19853-NC
§
              v.
§
§
CHARLES W. ERGEN, DAVIS
§
MOSKOWITZ, STEVE SCHAVER,
§
MARK JACKSON, ECHOSTAR
§
COMMUNICATIONS CORPORATION
§
and ECHOBAND CORPORATION,
§
§
Defendants Below,
§
Appellees.
§
Submitted: September 23, 2003
Decided:
April 15, 2004
Before VEASEY, Chief Justice, HOLLAND, BERGER, STEELE and JACOBS,
Justices, constituting the Court en Banc.
ORDER
This 15th  day of April 2004, upon consideration of the briefs and oral argument
of the parties, and considering this Court's Opinion of April 2, 2004, in the case of
Tooley v. Donaldson, No. 84, 2004, ("Tooley"), with respect to which the mandate
from this Court issued on April 13, 2004, it appears to the Court that:
2
(1) In an opinion dated July 28, 2003, the Court of Chancery dismissed the
claims of Plaintiff-Appellants under Court of Chancery Rules 12(b)(6) and 23.1.
(2) The Court of Chancery found the claims to be derivative, thus  implicating
the jurisprudential issues decided by this Court in Tooley.
(3) It is desirable that the Court of Chancery should evaluate its decision dated
July 28, 2003, in light of Tooley, and this case be remanded for that purpose.
NOW, THEREFORE, IT IS ORDERED that this matter is REMANDED to the
Court of Chancery to evaluate its decision dated July 28, 2003, in light of Tooley.
Jurisdiction is not retained.
BY THE COURT:
/s/ E. Norman Veasey
                            Chief Justice