LGM Holdings, LLC v. Gideon Schurder

Summary

The Supreme Court of Delaware reversed the dismissal of buyers’ fraudulent-inducement and indemnification claims. It held that the parties’ letter agreement was reasonably susceptible to both a broad waiver and a narrower interpretation limited to losses attributable to governmental proceedings, so dismissal of the fraud claims was improper. It also held that the buyers adequately pleaded fraudulent concealment sufficient to make tolling of the contractual survival period reasonably conceivable. No separate opinions were filed.