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  • AB Stable VIII LLC v. MAPS Hotels & Resorts One LLC

    Publication Date: 2021-12-21
    Practice Area: Mergers and Acquisitions
    Industry: Hospitality and Lodging
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Raymond J. DiCamillo, Kevin M. Gallagher, Sarah A. Clark, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Theodore N. Mirvis, William Savitt, Sarah K. Eddy, Ryan A. McLeod, Wachtell, Lipton, Rosen & Katz, New York, NY; Theodore B. Olson, Amir C. Tayrani, Gibson, Dunn & Crutcher LLP, Washington, D.C.; Adam H. Offenhartz, Marshall R. King, Gibson, Dunn & Crutcher LLP, New York, NY for appellant.
    for defendant: A. Thompson Bayliss, Michael A. Barlow, April M. Kirby, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; Kathleen M. Sullivan, Michael B. Carlinsky, William B. Adams, Christopher D. Kercher, Rollo C. Baker IV, Todd G. Beattie, Jonathan E. Feder, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Kap-You Kim, Peter & Kim Attorneys at Law, Seoul, South Korea for appellees.
    Case Number: D69651

    Seller of hotel businesses breached ordinary course covenant by making material changes to operations in response to the COVID-19 pandemic, where the covenant did not contain a material adverse event exception and where seller failed to obtain buyer's consent to the changes.

  • Judicial Watch, Inc. v. Univ. of Delaware

    Publication Date: 2021-12-21
    Practice Area: Public Records
    Industry: Education
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Theodore A. Kittila, William E. Green, Jr., Halloran Farkas + Kittila LLP, Wilmington, DE for Appellants.
    for defendant: William E. Manning, James D. Taylor, Jr., Saul Ewing Arnstein & Lehr LLP, Wilmington, DE for appellees.
    Case Number: D69650

    The court agreed with the Superior Court that the papers requested by appellants under the Freedom of Information Act were not public records where the content of the papers did not relate to the expenditure of public funds.

  • Dir. of Revenue v. Verisign, Inc.

    Publication Date: 2021-12-14
    Practice Area: Tax
    Industry: E-Commerce
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Anthony J. Testa, Jr., Matthew M. Warren, Michael B. Cooksey, Delaware Department of Justice, Wilmington, DE; Tiffany R. Moseley, Steven S. Rosenthal, Loeb & Loeb, Washington, DC for appellant
    for defendant: Frank. J. Gallo, Kyle O. Sollie, Sebastian C. Watt, Benjamin P. Chapple, Reed Smith LLP, Wilmington, DE for appellee
    Case Number: D69643

    Division of revenue policy limiting the use of net operating loss to the amount claimed on a consolidated federal income tax return was inconsistent with operative state tax law which required each Delaware corporate taxpayer to calculate its income as if it had filed its federal return separately.

  • Lavastone Capital LLC v. Estate of Berland

    Publication Date: 2021-11-30
    Practice Area: Insurance Law
    Industry: Insurance
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Kenneth J. Nachbar, Megan Ward Cascio, Sabrina M. Hendershot, Morris, Nichols, Arsht, & Tunnell, LLP, Wilmington, DE, for appellant.
    for defendant: Daniel R. Miller, Walden, Macht & Haran, LLP, Philadelphia, PA, for appellee.
    Case Number: D69624

    The court, in its en banc opinion, answered three certified questions that arose in District Court litigation: first, a death benefit payment made on a void insurance policy still qualified as a payment under a contract within the meaning of 18 Del. C. § 2704(b); second, the use of nonrecourse funding to pay premiums was not a violation of the insurance code without a showing of bad faith; third, fraud in an insurance application did not bar an estate's claim under § 2704(b) when the recipient of the death benefits cannot establish th

  • OptiNose AS v. Currax Pharm. LLC

    Publication Date: 2021-11-16
    Practice Area: Patent Licensing and Transactions
    Industry: Pharmaceuticals
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Joseph B. Warden, Douglas E. McCann, Fish & Richardson P.C., Wilmington, DE for appellants.
    for defendant: Daniel A. O’Brien, Venable LLP, Wilmington, DE; Christopher P. Borello, Joshua D. Calabro, Venable LLP, New York, NY for appellee.
    Case Number: D69609

    The court affirmed the Court of Chancery ruling that the license agreement required appellant to provide a power of attorney to appellee for prosecution of product patents but held, contrary to the Court of Chancery, that the licensor/patent holder had advance approval rights for filings relating to its intellectual property incorporated into the subject product such that appellant was not required to give power of attorney for licensee to file a terminal disclaimer.

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    Texas Personal Automobile Insurance Policy 2020

    Authors: Janet K. Colaneri

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  • Capriglione v. State

    Publication Date: 2021-10-20
    Practice Area: Government
    Industry: State and Local Government
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Stephani J. Ballard, Law Offices of Stephani J. Ballard, LLC, Wilmington, DE for appellant.
    for defendant: David C. Skoranski, Delaware Department of Justice, Wilmington, DE for appellee.
    Case Number: D69579

    Legislative history and historical jurisprudence clearly indicated that "infamous crimes" that would render a person ineligible to hold public office only included felonies and not misdemeanors.

  • Brookfield Asset Mgmt., Inc. v. Rosson

    Publication Date: 2021-10-06
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Kevin G. Abrams, Eric A. Veres, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; John A. Neuwirth, Stefania D. Venezia, Amanda K. Pooler, Weil, Gotshal & Manges LLP, New York, NY for appellants.
    for defendant: Ned Weinberger, Derrick Farrell, Mark Richardson, Labaton Sucharow LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrews & Springer LLC, Wilmington, Delaware; Steven J. Purcell, Douglas E. Julie, Robert H. Lefkowitz, Kaitlyn T. Devenyns, Purcell Julie & Lefkowitz LLP, New York, NY; Jeremy S. Friedman, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY for appellees.
    Case Number: D69560

    Court overruled the Gentile carve-out doctrine where it created analytical tension with Tooley and other legal doctrines permitted stockholders to pursue direct claims for fiduciary breaches.

  • Manti Holdings, LLC v. Authentix Acquisition Co., Inc.

    Publication Date: 2021-09-29
    Practice Area: Corporate Entities
    Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Davis
    Attorneys: For plaintiff: John L. Reed, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE for petitioners.
    for defendant: Samuel A. Nolen, Richards, Layton & Finger, P.A., Wilmington, DE; Andrew Hammond, Michelle Letourneau-Belock, Bryan Beaudoin, White & Case LLP, New York, NY for respondent.
    Case Number: D69551

    The Delaware Supreme court held that stockholders could waive their statutory appraisal rights.

  • Taylor v. State of Delaware

    Publication Date: 2021-09-22
    Practice Area: Criminal Law
    Industry:
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Elizabeth R. McFarlan, Delaware Dep’t of Justice, Wilmington, DE for the state.
    for defendant: Benjamin S. Gifford IV, Law Office of Benjamin S. Gifford IV, Wilmington, DE for defendant.
    Case Number: D69549

    The trial court erred in refusing to grant defendant's motion to suppress because a search warrant lacked particularity, and allowing the state to introduce information gleaned from defendant's smartphone into evidence was not harmless error.

  • Country Life Homes, LLC v. Gellert Scali Busenkell & Brown, LLC

    Publication Date: 2021-09-01
    Practice Area: Legal Malpractice
    Industry: Financial Services and Banking | Legal Services | Real Estate
    Court: Delaware Supreme Court
    Judge: Justice Vaughn
    Attorneys: For plaintiff: Patrick K. Gibson, Ippoliti Law Group, Wilmington, DE for appellants.
    for defendant: Carol A. Vanderwoude, Marshall Dennehey Warner Coleman & Goggin, P.C., Philadelphia, PA, Art C. Aranilla, Marshall Dennehey Warner Coleman & Goggin, P.C., Wilmington, DE for appellee.
    Case Number: D69520

    Former clients sufficiently pled legal malpractice cause of action by alleging that legal counsel negligently advised clients to pursue litigation strategy that had no merit, resulting in clients incurring unnecessary litigation expense.