• Transperfect Global, Inc. v. Ross Aronstam & Moritz LLP

    Publication Date: 2022-03-29
    Practice Area: Corporate Governance
    Industry: Legal Services | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Douglas Capuder, Capuder Fazio Giacoia LLP, New York, NY for plaintiff.
    for defendant: David E. Ross, Bradley R. Aronstam, Eric D. Selden, S. Michael Sirkin, Adam D. Gold, Benjamin Z. Grossberg, Ross Aronstam & Moritz LLP, Wilmington, DE; for defendants.

    Case Number: D69759

    The court held that subject matter jurisdiction could be exercised by Chancery Court because the order giving authority to the custodian was issued by Chancery Court. Further, the court held that plaintiff failed to state a claim upon relief could be granted. Plaintiff's motion to dismiss denied; defendant's motion to dismiss granted.

  • S'holder Representative Serv. LLC v. DC Capital Partners Fund II LP

    Publication Date: 2022-03-01
    Practice Area: Contracts
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Thomas A. Uebler, Joseph L. Christensen, Kathleen A. Murphy, Mccollom D’Emilio Smith Uebler LLC, Wilmington, DE for plaintiff.
    for defendant: Philip Trainer, Jr., Marie M. Degnan, Ashby & Geddes, Wilmington, DE for defendants.

    Case Number: D69728

    The court held that it had subject matter jurisdiction because the subject agreement was an instrument for the sale of stock, because it did not have discretion to decline jurisdiction, and because common law favored giving deference to plaintiff's choice of forum.

  • Wei v. Zoox, Inc.

    Publication Date: 2022-02-15
    Practice Area: Discovery
    Industry: Technology Media and Telecom | Transportation
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, David Hahn, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Nashville, TN for petitioners.
    for defendant: David J. Teklits, Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; William D. Savitt, Anitha Reddy, Wachtell, Lipton, Rosen & Katz, New York, NY for respondent.

    Case Number: D69714

    The court held that appraisal petitioners should not be allowed to obtain full discovery in this appraisal proceeding because it was commenced for the purpose of conducting pre-suit investigation for evidence of breach of fiduciary duty.

  • Simons v. Brookfield Asset Mgmt. Inc.

    Publication Date: 2022-02-08
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Kevin H. Davenport, Samuel L. Closic, Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Brian J. Robbins, Gregory Del Gaizo, Stephen J. Oddo, Eric M.Carrino, Robbins LLP, San Diego, CA for plaintiff.
    for defendant: Bradley R. Aronstam, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Geoffrey J. Ritts, Jones Day, Cleveland, OH; Marjorie P. Duffy, Jones Day, Columbus, OH; Blake Rohrbacher, Alexander M. Krischik, Andrew L. Milam, Richards, Layton & Finger, P.A., Wilmington, DE; Lawrence Portnoy, Davis Polk &Wardwell LLP, New York, NY for defendants.

    Case Number: D69705

    The court held that a majority of the board at the time of filing were outside directors who did not receive a material personal benefit from the challenged transaction, did not face a substantial likelihood of liability because of an exculpation provision, and did not lack independence from the controlling stockholder who was a party to the challenged transaction.

  • Hologram, Inc. v. Caplan

    Publication Date: 2021-12-28
    Practice Area: Contracts
    Industry: E-Commerce
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Michael A. Barlow, Abrams & Bayliss LLP, Wilmington, DE; Michael C. Tu, Peter J. Brody, Cooley LLP, Santa Monica, CA for plaintiff.
    for defendant: Peter B. Ladig, Justin C. Barrett, Bayard, P.A., Wilmington, DE; Kenneth S.Ulrich, W. Kyle Walther, Goldberg Kohn LTD., Chicago, IL for defendant.

    Case Number: D69656

    The court held that plaintiff was entitled to a preliminary injunction to prevent defendant from pursuing arbitration against plaintiff where plaintiff will likely show that it never agreed to arbitrate defendant's claims.

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  • In the Matter of The Jeremy Paradise Dynasty Trust

    Publication Date: 2021-12-14
    Practice Area: Trusts and Estates
    Industry:
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Luke W. Mette, Jonathan M. Stemerman, Armstrong Teasdale LLP, Wilmington,DE; John A. Sten, Jason C. Moreau, Allison McFar-land, Armstrong Teasdale LLP, Boston, MA for petitioner.
    for defendant: Henry E. Gallagher, Jr., Gregory J. Weinig, Shaun M. Kelly, Jarrett W. Horowitz, Connolly Gallagher LLP, Wilmington, DE; Lazar P. Raynal, Michael A. Lombardo, Quinn Emanuel Urquhart & Sullivan, LLP, Chicago, IL, for respondents.

    Case Number: D69640

    The court held that petitioner succeeded in stating a claim for reformation of trust agreement based on both mistake and knowing silence on the part of petitioner's brother. Motion to dismiss these claims denied. However, petitioner failed to state a claim for removal of fiduciary and for an accounting. Motion to dismiss these claims granted.

  • Totta v. CCSB Fin. Corp.

    Publication Date: 2021-11-02
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiffs.
    for defendant: Art. C. Aranilla, Marshall Dennehey Warner Coleman & Goggin, Wilmington, DE; Brett A. Scher, Patrick M. Kennell, Kaufman Dolowich & Voluck, LLP, New York, NY for defendant.

    Case Number: D69591

    Motion to dismiss challenge to board election denied where motion referred to documents outside of the pleadings, requiring conversion of the motion to one for summary judgment, under which standard the court determined that further factfinding was required.

  • Diep v. Sather

    Publication Date: 2021-08-18
    Practice Area: Securities Litigation
    Industry: Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Hung G. Ta, Joo Yun Kim, Natalia D. Williams, Hung G. Ta, Esq, PLLC, New York, NY; Peter Safirstein, Elizabeth S. Metcalf, Safirstein Metcalf LLP, New York, NY for plaintiff.
    for defendant: Kurt M. Heyman, Elizabeth A. DeFelice, Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Adam H. Offenhartz, Gibson, Dunn & Crutcher LLP, New York, NY; Tyler H. Amass, Gibson, Dunn & Crutcher LLP, Denver, CO for the Special Litigation Committee.

    Case Number: D69505

    A special litigation committee conducted a fair and extensive evaluation of the insider trading claims in this case, so the court granted the committee's motion to dismiss this action.

  • The Raj & Sonal Abhyanker Family Trust v. Blake

    Publication Date: 2021-06-30
    Practice Area: Corporate Governance
    Industry: E-Commerce | Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Ann M. Kashishian, Kashishian Law LLC, Wilmington, DE; Raj Abhyanker, Nicholas Craft, Wensheng Ma, LegalForce RAPC Worldwide, Mountain View, CA for plaintiff.
    for defendant: Alan D. Albert, O’Hagan Meyer PLLC, Wilmington, DE; Todd A. Roberts, Nicole S. Healy, Ropers Majeski, Redwood City, CA for defendants.

    Case Number: D69453

    The court granted motions to dismiss plaintiff's breach of fiduciary duty and unjust claims based on the tacit concession doctrine and plaintiff's failure to allege a wrongful refusal of its pre-suit demands.

  • In re: Tilray, Inc. Reorganization Litig.

    Publication Date: 2021-06-23
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, Jessica Zeldin, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossman LLP, Wilmington, DE; Mark Lebovitch, Da-vid Wales, Andrew Blumberg, Bernstein Litowitz Berger & Grossman LLP, New York, NY; Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Jeremy S. Friedman, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; D. Seamus Kaskela, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
    for defendant: Michael A. Pittenger, Matthew F. Davis, David A. Seal, Caneel Radinson-Blasucci, Potter Anderson & Cor-roon LLP, Wilmington, DE; Michael P. Kelly, Daniel M. Silver, Sarah E. Delia, McCarter & English, LLP, Wilmington, DE; Carl N. Kunz, III, K. Tyler O’Connell, Albert J. Carroll, Morris James LLP, Wilmington, DE; Ronald L. Berenstain, Sean C. Knowles, Perkins Coie LLP, Seattle, WA; Susan W. Waesco, John P. DiTomo, Daniel T. Menken, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Blake Rohrbacher, Matthew W. Murphy, Elizabeth A. Heise, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.

    Case Number: D69443

    Plaintiffs alleged sufficient facts to indicate the existence of a control group, and the conflicted transaction in this case was subject to entire fairness review.