Supreme Court of Delaware, 2019

Alarm.com Holdings, Inc. v. ABS Capital Partners, Inc.

Supreme Court of Delaware · Decided February 7, 2019 · Strine C.J.

Opinion

IN THE SUPREME COURT OF THE STATE OF DELAWARE

ALARM.COM HOLDINGS, INC., § § Plaintiff Below, § No. 360, 2018 Appellant, § § Court Below: v. § Court of Chancery of § the State of Delaware ABS CAPITAL PARTNERS INC., § ABS PARTNERS V, LLC, and § No. 2017-0583-JTL ABS PARTNERS VII, LLC, § § Defendants Below, § Appellees. § § Submitted: February 6, 2019 Decided: February 7, 2019 Before STRINE, Chief Justice; SEITZ and TRAYNOR, Justices.

ORDER This 7th day of February 2019, we affirm the judgment of the Court of Chancery on the basis of its opinion dated June 15, 2018.1

NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery is hereby AFFIRMED.

BY THE COURT: /s/ Leo E. Strine, Jr. Chief Justice

1 Alarm.com Holdings, Inc. v. ABS Capital Partners Inc., 2018 WL 3006118 (Del. Ch. June 15, 2018). In addition to holding that “the facts alleged in the complaint do not support a reasonably conceivable inference of misappropriation,” the Court of Chancery concluded that the Delaware Uniform Trade Secrets Act preempted Alarm.com’s common law claim for misappropriation of confidential information. Id. at *1. Because its holding that the complaint did not plead facts supporting a rational inference of misuse of either a trade secret or information that could be considered “confidential” was justified and provides a basis for dismissal of the entire complaint, we do not need to, and therefore do not, reach the preemption question.

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