Title: DG BF, LLC v. Michael Ray

State: delaware

Issuer: Delaware Supreme Court

Document:

IN THE SUPREME COURT OF THE STATE OF DELAWARE 
DG BF, LLC, a Delaware limited   
§ 
liability company, individually and 
§ 
derivatively on behalf of AMERICAN 
§ 
GENERAL RESOURCES LLC, a  
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No. 272, 2022 
Delaware limited liability company; and § 
JEFF A. MENASHE, individually and  § 
derivatively on behalf of AMERICAN 
§ 
GENERAL RESOURCES LLC, a  
§ 
Court Below:  Court of Chancery 
Delaware limited liability company,  
§ 
of the State of Delaware 
 
 
 
 
 
 
§ 
 
Plaintiffs Below, Appellants, 
§ 
 
 
 
 
 
 
§ 
 
v. 
 
 
 
 
§ 
C.A. No. 2020-0459 
 
 
 
 
 
 
§ 
MICHAEL RAY, an individual, and  
§ 
VLADIMIR EFROS, an individual, and § 
AMERICAN GENERAL RESOURCES, 
§ 
LLC, a Delaware limited liability  
§ 
company, 
 
 
 
 
§ 
 
 
 
 
 
 
§ 
 
Defendants Below, Appellees, 
§ 
 
 
 
 
 
 
§ 
 
and 
 
 
 
 
§ 
 
 
 
 
 
 
§ 
AMERICAN GENERAL RESOURCES § 
LLC, a Delaware limited liability   
§ 
company,  
 
 
 
 
§ 
 
 
 
 
 
 
§ 
 
Nominal Defendant Below,  
§ 
 
Appellee.  
 
 
 
§ 
 
 
 
 
Submitted:  February 8, 2023 
Decided:  March 13, 2023 
 
Before VALIHURA, VAUGHN, and TRAYNOR, Justices.  
 
ORDER 
 
 
This 13th day of March 2023, having considered this matter on the briefs and oral 
arguments of the parties and the record below, and having concluded that the same should 
be affirmed on the basis of and for the reasons assigned by the Court of Chancery in its 
Order and Final Judgment dated July 7, 2022, the Order of Dismissal dated November 19, 
2021, the Letter Decision on Defendants’ Application for Attorneys’ Fees and Costs dated 
May 23, 2022, as well as the underlying orders from which an appeal was taken as listed 
in Appellants’ Notice of Appeal dated August 5, 2022; 
 
NOW, THEREFORE, IT IS ORDERED that the decisions of the Court of Chancery 
be and the same hereby are AFFIRMED.   
 
 
 
 
 
 
BY THE COURT: 
 
 
 
 
 
 
 
 
 
 
 
 
 
/s/ Karen L. Valihura 
 
 
 
 
 
 
Justice