Supreme Court of Delaware

Saunders v. Lightwave Logic, Inc.

June 30, 2025

Summary

The Court affirmed summary judgment dismissing the investor’s negligence and conversion claims as untimely. The claims accrued when the stock escheated in 2017, and the investor failed to prove that the injury was inherently unknowable or that he was blamelessly ignorant of it. The Court did not decide whether inherently unknowable injury tolling can ever apply to claims involving escheated property.