Franklin v. Glenhill Advisors LLC

Summary

The Supreme Court of Delaware affirmed dismissal of Franklin’s action seeking to reopen an earlier judgment under Court of Chancery Rule 60(b). It held that Franklin unreasonably delayed and failed to plead a sufficient basis for relief, and it declined to award the appellees attorneys’ fees because the appeal was not shown to be sufficiently outrageous, abusive, or brought in bad faith. The Court warned that further proceedings could result in fee shifting.