Title: Edelman v. King

State: delaware

Issuer: Delaware Supreme Court

Document:

IN THE SUPREME COURT OF THE STATE OF DELAWARE 
 
 JEFFREY EDELMAN, 
 
Plaintiff Below, Appellant, 
 
v. 
 
JOHN BRYAN KING, LEE S. HILLMAN, 
BIANCA A. RHODES, MARK F. MOON, 
ANDREW B. ALBERT, I. STEVEN 
EDELSON, RONALD J. KNUTSON, LKCM 
HEADWATER INVESTMENTS II, L.P., 
LKCM HEADWATER II SIDECAR 
PARTNERSHIP, L.P., HEADWATER 
LAWSON INVESTORS, LLC, LKCM 
MICRO-CAP PARTNERSHIP, L.P., LKCM 
CORE DISCIPLINE, L.P., and LUTHER KING 
CAPITAL MANAGEMENT CORPORATION, 
 
Defendants Below, Appellees, 
 
-and- 
 
DISTRIBUTION SOLUTIONS GROUP, INC., 
a Delaware corporation, 
 
Nominal Defendant Below, Appellee. 
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§   No. 388, 2023 
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§   Court Below: Court of 
§   Chancery of the State of 
§   Delaware  
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§   C.A. No. 2022-0886 
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Submitted: 
Decided: 
May 22, 2024 
June 4, 2024 
 
Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, LEGROW, and 
GRIFFITHS, Justices, constituting the Court en banc. 
 
ORDER 
 
 
This 4th day of June 2024, after careful consideration of the parties’ briefs and 
the record on appeal, and after oral argument, we conclude that the judgment of the 
2 
 
Court of Chancery should be affirmed on the basis of and for the reasons stated in 
its Telephonic Bench Ruling on September 19, 2023 and its Final Order dated 
September 19, 2023.   
NOW, THEREFORE, IT IS ORDERED that the Court of Chancery’s 
judgment is AFFIRMED. 
 
BY THE COURT: 
 
 
 
 
 
 
 
 
/s/ N. Christopher Griffiths  
 
 
 
 
 
 
 
Justice