Court of Chancery Dismisses Fiduciary Duty and Veil-Piercing Claims, Provides Leave to Transfer Surviving Claims to Superior Court

HASH Asset Mgmt Ltd. v. DMA Labs, Inc., C.A. No. 2025-0374-BWD (Del. Ch. Feb. 9, 2026) - The plaintiff, an investment fund, brought this action alleging claims for fraud, breach of contract, conversion, breach of fiduciary duty, and piercing the corporate veil after paying $16 million into stablecoin to purchase crypto tokens known as “oneTokens” issued by one of the defendants, ICHI Foundation, and eventually losing nearly all of its investment.... By: Morris James LLP