SDF Funding LLC v. Fry

Summary

The Supreme Court of Delaware refused to accept the plaintiffs' interlocutory appeal from the Court of Chancery's partial summary judgment ruling in a derivative action. Although the appeal involved a substantial issue of material importance and implicated the construction and application of the contemporaneous-ownership requirement, the Court held that the strict standards for interlocutory review were not met because exceptional circumstances were absent and the likely costs and disruption outweighed the benefits.