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  • In re Mindbody, Inc. Stockholders Litig.

    Publication Date: 2020-10-21
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Christopher Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
    for defendant: Lisa A. Schmidt, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Yosef J. Riemer, John Del Monaco, Ian C. Spain, Kirkland & Ellis LLP, New York, NY; Ryan D. Stottmann, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Patrick Gibbs, Sarah Lightdale, Cooley LLP, New York, NY for defendants.
    Case Number: D69162

    The court granted a motion to dismiss as to a corporate director, but it declined to dismiss claims against two corporate of-ficers.

  • HUMC Holdco, LLC v. MPT of Hoboken TRS, LLC

    Publication Date: 2020-07-15
    Practice Area: Contractual Disputes
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Susan M. Hannigan, Robert L. Burns, Ryan D. Konstanzer and Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE for plaintiffs.
    for defendant: Michael P. Kelley and Andrew S. Dupre, McCarter & English, LLP, Wilmington, DE; Michael A. Ackal, III and D. Scott Funk, Gray Reed & McGraw LLP, Houston, TX for Hoboken MPT defendants. Patricia L. Enerio and Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Christopher J. Sullivan, Dominic J. Picca and LisaMarie Collins, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY for Propco, Alaris and Opco defendants.
    Case Number: D69049

    Factual issues precluded judgment on the pleadings with respect to issues involving a right of first refusal and transfer restrictions under a limited liability company agreement.

  • EnVen Energy Corp. v. Dunwoody

    Publication Date: 2020-06-10
    Practice Area: Corporate Governance
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kevin M. Coen and Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Paul Spagnoletti, Antonio J. Perez-Marques and Matthew Cormack, Davis Polk & Wardwell LLP, New York, NY for plaintiff.
    for defendant: Brock E. Czeschin and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Robin C. Gibbs, Anthony N. Kaim, Angus Dodson and Gabriel D. Kaim. Gibbs & Bruns LLP, Houston, TX for defendant Dunwoody. Daniel C. Herr of the Law Office of Daniel C. Herr LLC, Wilmington, DE for defendant Oilfield Pipe of Texas, LLC.
    Case Number: D69009

    Plaintiff's claims for breach of fiduciary duty did not fall within the forum selection provision of the parties' employment contract, so the provision did not deprive the court of venue.

  • Paul Elton, LLC v. Rommel Delaware, LLC

    Publication Date: 2020-05-20
    Practice Area: Real Estate
    Industry: Automotive
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Richard L. Abbot, Abbott Law Firm, Hockessin, DE for plaintiff.
    for defendant: “J” Jackson Shrum, Jack Shrum, P.A., Wilmington, DE for defendants.
    Case Number: D68986

    Plaintiff stated claims for breach of contract and specific performance, but it failed to allege its fraud claims with particularity.

  • Bouchard v. Braidy Indus., Inc.

    Publication Date: 2020-05-13
    Practice Area: Corporate Entities
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kevin R. Shannon, Christopher N. Kelly, Mathew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE; Kahn A. Scolnick, Gibson, Dunn & Crutcher LLP, Los Angeles, CA; Lindsey S. Young, Gibson, Dunn & Crutcher LLP, Palo Alto, CA for plaintiff.
    for defendant: Richard P. Rollo, John T. Miraglia, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.
    Case Number: D68976

    Individual defendants dismissed for lack of personal jurisdiction where their contractual consent to certain equitable remedies did not constitute a waiver of jurisdictional defenses.

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  • Bay Capital Finance, LLC v. Barnes & Noble Educ., Inc.

    Publication Date: 2020-04-15
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Sean J. Bellew, Bellew LLC, Wilmington, DE; David A. Felice, Bailey & Glasser LLP, Wilmington, DE; Martin F. Cunniff, Ruyak Cherian LLP, Washington, DC for plaintiff.
    for defendant: Raymond J. DiCamillo, Robert L. Burns, Kevin M. Gallagher, Eliezer Y. Feinstein, and Brian S. Yu, Richards, Layton & Finger, P.A., Wilmington, DE; Adam Offenhartz, Aric H. Wu, David F. Crowley-Buck, and Peter M. Wade, Gibson,Dunn & Crutcher LLP, New York, NY for defendants.
    Case Number: D68942

    Stockholder's breach of fiduciary duty claim against chairman dismissed where chairman had not exercised authority to reject stockholder's nomination notice, which was instead considered and rejected by the full board.

  • Walsh v. White House Post Prod., LLC

    Publication Date: 2020-04-08
    Practice Area: Contractual Disputes
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Joseph Andrews, Law Office of Joseph Andrews, Dover, DE; Joseph K. Jones and Anand A. Kapasi, Jones, Wolf & Kapasi, LLC, New York, NY for plaintiffs.
    for defendant: S. Mark Hurd, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Antony S. Burt and Jin Yan, Schiff Hardin LLP, Chicago, IL for defendants.
    Case Number: D68940

    An LLC buyout provision was a form of option contract, so the court denied defendant's motion to dismiss plaintiffs' breach of contract claim.

  • CHC Inv., LLC v. FirstSun Capital Bancorp

    Publication Date: 2020-04-08
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Michael C. Manning, Jeffrey J. Goulder, Stefan M. Palys, and Christy M. Milliken, Stinson Leonard Street LLP, Phoenix, AZ for plaintiff.
    for defendant: Jon E. Abramczyk, William M. Lafferty, and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Lawrence Portnoy, Julia Kiechel, M. Nicholas Sage, and Caroline Stern, Davis Polk & Wardwell LLP, New York, NY for defendants.
    Case Number: D68934

    Securities fraud claim dismissed pursuant to the statute of limitations, where court applied Delaware's shorter limitations period, where plaintiff was not forced to file in Delaware pursuant to an agreed-upon forum selection clause.

  • Neurvana Med., LLC v. Balt USA, LLC

    Publication Date: 2020-03-11
    Practice Area: Corporate Governance
    Industry: Health Care
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Jason A. Cincilla, Amaryah K. Bocchino, Ryan W. Browning and Tye C. Bell, Manning Gross + Massenburg LLP, Wilmington, DE; John M. Pierce, Michael M. Pomerantz, Elizabeth C. DeGori and Matthew J. Kokot, Pierce Bainbridge Beck Price & Hecht LLP, New York, NY for plaintiff.
    for defendant: Lori W. Will, Phillip R. Sumpter, Daniyal M. Iqbal, Jeremy W. Gagas, Dylan J. Liddiard, Charles A. Talpas and Brian J. Levy, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE, Palo Alto, CA and New York, NY for defendants.
    Case Number: D68907

    The court denied a motion to dismiss regarding a director's pre-resignation conduct, but it dismissed the remainder of plain-tiff's contract and tort claims.

  • O'Gara v. Coleman

    Publication Date: 2020-03-04
    Practice Area: Business Torts
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Stephen C. Norman, Christopher N. Kelly and Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; James Clough, William L. Prickett and Andrew T. Stark, Seyfarth Shaw LLP, Los Angeles, CA and Boston, MA for plaintiffs.
    for defendant: Kelly E. Farnan, Susan M. Hannigan and Anthony M. Calvano, Richards, Layton & Finger, P.A., Wilmington, DE; Bradley Chapin, Rutan & Tucker LLP, Costa Mesa, CA for defendants.
    Case Number: D68899

    The court granted defendants' motion to dismiss, because plaintiff failed to adequately allege their claims for breach of fiduciary duty, conspiracy, tortious interference with contract and business relations, and libel.