• Swift v. Houston Wire & Cable Company

    Publication Date: 2021-12-21
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor P.A., Wilmington, DE; W. Scott Holleman, Garam Choe, Bragar Eagel & Squire, P.C., New York, NY for plaintiff.
    for defendant: Mark Hurd, Miranda Gilbert, Morris, Nichols, Arsht, & Tunnell LLP, Wilmington, DE; Kayvan Sadeghi, Schiff Hardin LLP, New York, NY; Jin Yan, Schiff Hardin LLP, Chicago, IL for defendant.

    Case Number: D69647

    The court held that plaintiff did not have standing to file a suit to compel production of books and records of corporation be-cause, at the time of initiating litigation, plaintiff was not a stockholder in the corporation.

  • In re: Sportco Holdings, Inc.

    Publication Date: 2021-10-20
    Practice Area: Bankruptcy
    Industry: Distribution and Wholesale
    Court: U.S. Bankruptcy Court
    Judge: Judge Stickles
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69581

    Breach of duty and loyalty claims were not dismissed where complaint alleged sufficient facts to support inference that directors and officers failed to fully inform them of risks of acquisition transaction, and may have declined an out-of-court restructuring when they failed to obtain personal benefit in the restructuring.

  • AbbVie Endrocrine Inc. v. Takeda Pharm. Co. Ltd.

    Publication Date: 2021-10-06
    Practice Area: Contracts
    Industry: Distribution and Wholesale | Manufacturing | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: A. Thompson Bayliss, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Paul J. Loh, Jason H. Wilson, Eileen M. Ahern, Amelia L.B. Sargent, Kenneth M. Trujillo-Jamison, Willenken LLP, Los Angeles, CA for plaintiff.
    for defendant: Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk, IV, Potter Anderson & Corroon LLP, Wilmington, DE; Fred A. Kelly, Jr., Joshua S. Barlow, and Tiffany Jang, Haug Partners LLP, Boston, MA; David A. Zwally, Mark Basanta, Haug Partners LLP, New York, NY; Christopher Gosselin, Haug Partners LLP, Washington, DC for defendant.

    Case Number: D69558

    Pharmaceutical manufacturer breached supply agreement where its failure to maintain good manufacturing practices caused a shutdown of its production facility, leaving it unable to fulfill firm orders submitted by customer, which manufacturer was required to timely fill.

  • The Am. Bottling Co. v. Repole

    Publication Date: 2021-01-13
    Practice Area: Contracts
    Industry: Distribution and Wholesale | Food and Beverage
    Court: Delaware Superior Court
    Judge: Judge LeGrow
    Attorneys: For plaintiff: Garrett B. Moritz, Anne M. Steadman, Ross Aronstam & Moritz LLP, Wilmington, DE; Robert C. Walters, Russell H. Falconer, Megan Z. Hulce, Gibson Dunn & Crutcher LLP, attorneys for plaintiff
    for defendant: A. Thompson Bayliss and Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; David. H. Bernstein, Jyotin Hamid, Jared I. Kagan, and Matthew J. Petrozziello, Debevoise & Plimpton LLP, attorneys for defendants.

    Case Number: D69254

    Tortious interference claim failed where CEO acted within scope of authority to negotiate distribution/investment deal with another company where the transaction withstood business judgement rule review and thus could not be attacked via a tortious interference claim.

  • AmerisourceBergen Corp. v. Lebanon County Employees Ret. Fund

    Publication Date: 2020-12-23
    Practice Area: Corporate Entities
    Industry: Distribution and Wholesale | Investments and Investment Advisory | Pharmaceuticals
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Stephen C. Norman, Jennifer C. Wasson, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Michael D. Blanchard, Amelia G. Pennington, Morgan, Lewis & Bockius LLP, Boston, MA for appellant.
    for defendant: Samuel L. Closic, Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossman LLP, Wilmington, DE; Eric L. Zagar, Michael C. Wagner, Christopher M. Windover, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Frank R. Schirripa, Daniel B. Rehns, Hillary Nappi, Hach Rose Schirripa & Cheverie LLP, New York, NY; David Wales, Andrew Blumberg, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for appellees.

    Case Number: D69232

    Stockholders could file inspection demand after asserting credible circumstantial evidence that corporate directors and managers had engaged in wrongdoing.

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  • Fanatics Retail Group (Dreams), LLC v. Truax

    Publication Date: 2020-12-16
    Practice Area: Creditors' and Debtors' Rights
    Industry: Distribution and Wholesale | Manufacturing
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Jody C. Barillare, Brian A. Herman, Morgan, Lewis & Bockius LLP, Wilmington, DE for plaintiff.
    for defendant: Michael D. DeBaecke, F. Troupe Mickler IV, Ashby & Geddes, P.A., Wilmington, DE for defendant.

    Case Number: D69223

    Court granted plaintiff judgment on the pleadings in its breach of guaranty claim, where defendant had executed an unconditional guaranty waiving defenses to the validity of the underlying debt or defenses available in bankruptcy.

  • In re USG Corp. Stockholder Litig.

    Publication Date: 2020-09-16
    Practice Area: Mergers and Acquisitions
    Industry: Construction | Distribution and Wholesale | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Blake A. Bennett, Cooch & Taylor, P.A., Wilmington, DE; Michael J. Palestina, Kahn Swick & Foti, LLC, New Orleans, LA; Juan E. Monteverde and Miles D. Schreiner, Monteverde & Assoc., New York, NY for plaintiffs.
    for defendant: Raymond J. Dicamillo, Srinivas M. Raju, Robert L. Burns, Matthew D. Perri and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Robert S. Faxon, Andrienne F. Mueller and Robert E. Johnson, Jones Day, Cleveland, OH for defendants.

    Case Number: D69121

    Stockholders stated facts which indicated that they were not fully informed when they approved a deal for the sale of the company, but they failed to adequately allege that the company's directors acted with scienter.

  • Halosil Int'l Inc. v. Eco-Evolutions, Inc.

    Publication Date: 2020-07-29
    Practice Area: Contracts
    Industry: Distribution and Wholesale | Retail
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Stephen B. Brauerman, Bayard P.A., Wilmington, DE; Kent E. Baldauf, Jr. and Barry J. Coyne , The Webb Law Firm, Pittsburgh, PA for plaintiffs.
    for defendant: Michael F. Duggan and Marc Sposato, Marks, O’Neill, O’Brien, Doherty & Kelly, P.C., Wilmington, DE; Stephen H. Luther and Ryan T. Santurri, Allen, Dyer, Doppelt& Gilchrist, PA, Orlando, FL for defendants.

    Case Number: D69064

    Breach of contract claims were untimely where the claims accrued after plaintiff was put on notice defendant may have developed and patented a product based off plaintiff's product in breach of the parties' agreement.

  • United States v. Cook

    Publication Date: 2020-07-29
    Practice Area: Criminal Law
    Industry: Distribution and Wholesale
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Cowen
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69069

    The trial court's evidentiary rulings regarding the admission of business records and a statement by defendant's prior counsel were not erroneous. Affirmed.

  • In re Essendant, Inc. Stockholder Litig.

    Publication Date: 2020-01-15
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Juan E. Monteverde and Miles D. Schreiner, Monteverde & Associates PC, New York, NY; Donald J. Enright and Elizabeth K. Tripodi, Levi & Korsinsky, LLP, Washington, DC for plaintiffs.
    for defendant: Robert S. Saunders, Arthur R. Bookout, and Lilianna Anh P. Townsend, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Gregory P. Williams, Lisa A. Schmidt, Matthew D. Perri, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; and Matthew Solum, P.C., and Ian Spain, of Kirkland & Ellis LLP, New York, NY for defendants.

    Case Number: D68839

    Stockholders' breach of fiduciary duty claims arising from board's rejection of existing merger agreement in favor of all-cash acquisition offer dismissed where stockholders failed to make prima facie case of board's breach of the duty of loyalty and where acquirer's stake in the company was insufficient to make it a controlling stockholder for the purposes of an aiding and abetting claim.