Hartfield, Titus & Donnelly, LLC v. MarketAxess Holdings Inc.

Hartfield, Titus & Donnelly, LLC v. MarketAxess Holdings Inc.

2025 WL 2320429 (Del. Ch. Aug. 11, 2025) | No. 2023-0690-BWD

Relevant Facts

• HTD filed a Verified Complaint against MarketAxess Holdings Inc. on July 6, 2023.

• Trial was held from March 31 through April 3, 2025.

• The Court issued a Post-Trial Memorandum Opinion finding in favor of MKTX.

• HTD waived its right to appeal in exchange for a payment plan.

Decision of the Court

The Court entered judgment in favor of MarketAxess Holdings Inc. and denied HTD's claim for reformation. MKTX was awarded $1,290,000.00 in reasonable fees, costs, and expenses, payable in installments.

HASH Asset Management Ltd. v. DMA Labs, Inc., ICHI Foundation

2026 WL 352706 (Del. Ch. Feb. 9, 2026) | C.A. No. 2025-0374-BWD

Relevant Facts

• HASH Asset Management paid $16 million in stablecoin to purchase crypto tokens called oneTokens issued by ICHI Foundation.

• In April 2022, cyclical borrowing drove up ICHI's price before a crash and cascading liquidations, resulting in Plaintiff losing nearly all of its $16 million investment.

Decision of the Court

The Court dismissed the action for lack of subject matter jurisdiction, with leave to transfer to Superior Court. The Amended Complaint failed to allege any special relationship supporting a breach of fiduciary duty claim. The veil-piercing theory also failed. The Motion to Amend was denied as futile.