Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Energy storage equipment company Romeo Systems Inc. must pay $27 million to a technology consultant under their 2015 agreement, which included a warrant to purchase stock.
This damages award is the proper compensation under the agreement between former Romeo CEO Michael Patterson and consultant Lady Benjamin Cannon, Vice Chancellor Paul A. Fioravanti Jr. of the Delaware Chancery Court said in a Tuesday opinion.
Patterson argued that no meeting of the minds occurred between Cannon and Romeo. But Patterson executed the warrant on the company’s behalf, which is “the strongest evidence of an intent to be bound,” the court said.
The …
AI-powered legal analytics, workflow tools and premium legal & business news.
Log in to keep reading or access research tools.
Romeo Systems Ordered to Pay Technology Consultant $27 Million – Bloomberg Law News
