Reserves Management v. RT Properties

CONCLUDED

Oral Argument
09/04/13 – 09/04/13

Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2
Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

On or about April 13, 2005, RT Properties, LLC and two entities entered into an agreement of purchase and sale of real property, pursuant to which RT Properties ultimately took title to the properties. On March 3, 2010, The Reserves Management, LLC filed four two count complaints in the Superior Court for Sussex County against RT Properties and its wholly-owned subsidiaries, seeking personal liability and the exercise of a lien on property securing such debt. Pursuant to the restrictive covenants, RT Properties is obligated to pay certain assessments in connection with each of the properties. In this oral argument before the Delaware Supreme Court, the issue on appeal was whether the lower court erred in denying Reserves Management’s claim against RT Properties for assessments because of the alleged covenants in the sale contract.

Outcome

The judgment of the Superior Court was affirmed in part, reversed in part and remanded for further proceedings. Jurisdiction was not retained.

Sessions

Recording Disclaimer: This proceeding was recorded in full.

Suggest a Trial

Want to see a trial that you don't see in our list of upcoming trials?

Suggest a Case

CVN Essentials

The most important and informative moments of each trial

CVN Essentials

Video Library

Unlimited access to thousands of hours of past coverage of high stakes civil litigation

Video Library

  • Follow Us
  • Contact Us
  • 3901 Roswell Road
  • Suite 302
  • Marietta, GA 30062
  • 877-838-9067

Copyright 2019 Courtroom Connect.