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Delaware Court of Chancery Applies Step Transaction Doctrine to Favor Substance Over Form

In Coughlan v. NXP B.V ., C. A. No. 5110-VCG (Del. Ch. Nov. 4, 2011), the Delaware Court of Chancery applied the step transaction doctrine and the equitable principle that elevates substance over form, in order to grant summary judgment in a contract interpretation case. Read this 35-page opinion...