Organovo Holdings, Inc. (ONVO)

[rongreen]

Odd turn of events in Organovo's suit against Simeon Research:

Organovo Holdings, Inc. v. Dimitrov


Justia Opinion Summary
Organovo Holdings, Inc. (the Company) filed suit against Georgie Dimitrov, asserting claims for, inter alia, libel, negligence, and tortious interference with prospective economic advantage. The complaint also sought an injunction. The Court of Chancery ultimately held that Dimitrov had defaulted. Before this court had entered a final order, Dimitrov entered a limited appearance and moved to vacate the default judgment, arguing that the court lacked subject matter jurisdiction over the dispute. The Court of Chancery granted the motion to vacate the default judgment, holding that the court lacked subject matter jurisdiction over the complaint because none of the complaint’s claims were equitable claims, and none of the equitable remedies that the Company cited supported the existence of jurisdiction in this court.

http://law.justia.com/cases/delaware/court-of-chancery/2017/ca-10536-vcl.html