Chancery Dismisses With Prejudice Claims Against Electronics Giants

, Delaware Business Court Insider

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The Delaware Court of Chancery has dismissed with prejudice a fraud and misrepresentation lawsuit filed by Italian businessman Carlo Vichi, who provided financing to fund a joint venture between the world's two largest electronics companies, Philips and LG Electronics. In the 183-page opinion, the court concluded that the plaintiff failed to prove his claims under either Delaware or Italian law.

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