IN THE SUPREME COURT OF THE STATE OF DELAWARE
PAUL S. BUDDENHAGEN,
Individually and on Behalf of All
Others Similarly Situated, and
Derivatively on Behalf of MARITIME
EXPLORATIONS, INC.,
Plaintiffs Below, Appellants,
v.
BARRY L. CLIFFORD and THE
ESTATE OF ROBERT T. LAZIER,
Defendants Below, Appellees.
§
§ No. 228, 2025
§
§ Court Below–the Court of
§ Chancery of the State of
§ Delaware
§
§ C.A. No. 2019-0258
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§
§
§
§
§
Submitted: November 19, 2025
Decided: December 2, 2025
Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, LEGROW, and
GRIFFITHS, Justices, constituting the Court en Banc.
ORDER
After careful consideration of the parties’ briefs and the record on appeal, and
following oral argument, we find it evident that the judgment below should be
affirmed on the basis of and for the reasons stated in the Court of Chancery’s Post-
Trial Memorandum Opinion dated May 10, 2024.
NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of
Chancery is AFFIRMED.
BY THE COURT:
/s/ N. Christopher Griffiths
Justice