Icatech v. Facchina

Summary

The Supreme Court of Delaware affirmed the Superior Court’s judgment rejecting ICATech’s fraud claim arising from the purchase of Facchina Companies. The Court held that the evidence did not establish that Facchina knew, or was recklessly indifferent to whether, the representation about ordinary-course operations was false. Because that failure was dispositive, the Court did not reach the remaining fraud elements or arguments.