Pilot Corp. v. Abel, C.A. No.
2023-0813-MTZ (Del. Ch. Dec. 13, 2023)
Here, the plaintiff claimed that the adoption of pushdown
accounting constituted a change to accounting rights that triggered
a right to consent under the relevant operating agreement. The
defendants asserted that the plaintiff had unclean hands because
the plaintiff had manipulated earnings to alter valuation of a put
right. The Court found the unclean hands defense inapplicable
because the plaintiff's claims were narrow and did not have an
immediate direct relation the defense.
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