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Publication Date: 2020-02-19
Practice Area: Mergers and Acquisitions
Industry: Food and Beverage
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Samuel T. Hirzel, II, Elizabeth A. DeFelice and Melissa N. Donimirski, Heyman Ererio Gattuso & Hirzel LLP, Wilmington, DE; Steven M. Hecht, Michael T.G. Long, Jarett N. Sena, Natalie F. Dallavalle, Frank T.M. Catalina, Edoardo Murillo and Jonathan M. Kass, Lowenstein Sandler LLP, New York, NY for peti-tioners.
for defendant: Paul J. Lockwood, Jennifer C. Voss, Jenness E. Parker, Alyssa S. O’Connell, Kaitlin E. Maloney, Daniel S. Atlas, Bonnie W. David and Andrew D. Kinsey, Skadden Arps Slate Meagher & Flom LLP, Wilming-ton, DE for respondent.
Case Number: D68882
In this statutory appraisal action, the court determined that the process by which the company was sold bore multiple indicia of reliability, and the deal price was persuasive evidence of fair value.
Publication Date: 2019-11-13
Practice Area: Mergers and Acquisitions
Industry: Health Care
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Bradley R. Aronstam and Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE; Martin S. Schenker, Matthew D. Caplan and Kristine A. Forderer, Cooley LLP, San Francisco, CA; Michael A. Barlow and Daniel J. McBride, Abrams & Bay-liss LLP, Wilmington, DE
for defendant: David W. Haller of Covington & Burling LLP, New York, NY for defendant.
Case Number: D68769
Plaintiff adequately stated a claim for breach of a merger agreement based on defendant's failure to make a milestone pay-ment and to use commercially reasonable efforts to obtain approval for a medical device.
Publication Date: 2019-10-16
Practice Area: Corporate Entities
Industry: Retail
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: D. McKinley Measley, Lauren Neal Bennett and Barnaby Grzaslewicz, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Joseph C. Weinstein and Sean L. McGrane, Squire Patton Boggs (US) LLP, Cleveland, OH for plaintiffs.
for defendant: Jonathan M. Stemerman, Elliott Greenleaf P.C., Wilmington, DE; Frances Floriano Goins and John M. Hands, Ulmer & Berne, LLP, Cleveland, OH and Cincinnati, OH for defendant.
Case Number: D68738
Corporate officers were entitled to mandatory advancement and fees-on-fees under the terms of their indemnification agree-ments and the company's charter.
Publication Date: 2019-08-21
Practice Area: Real Estate
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: William P. Brady, The Brady Law Firm, P.A., Wilmington, DE for petitioners.
for defendant: John R. Weaver, John R. Weaver Jr. P.A., Wilmington, DE for respondent.
Case Number: D67673
Abutting homeowners entitled to easement for common use of driveway where expressly granted by deed, with scope of easement determined by decades of use by the parties demonstrating coexistence between dominant and servient estates.
Publication Date: 2019-08-14
Practice Area: Contractual Disputes
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: C. Barr Flinn, Emily V. Burton and Elisabeth S. Bradley,Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Nicholas M. Oertel, Richard C. Kraus and James B. Jensen, Jr., Foster Swift Collins & Smith PC, Lansing, MI for plaintiffs.
for defendant: William J. Lafferty, Kevin M. Coen and Jarrett W. Horowitz, Morris, Nichols, Arsht & Tunnell, LLP, Wilmington, DE; Craig S. Primis and K. Winn Allen, Kirkland & Ellis LLP, Washington, DC for defendant.
Case Number: D68665
The court granted summary judgment on buyer's claims for indemnification of tax payments because those claims were not ripe for adjudication.
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Publication Date: 2019-08-07
Practice Area: Contractual Disputes
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: David E. Ross and Eric D. Selden, Ross, Aronstam & Moritz LLP, Wilmington, DE; K. Winn Allen, Kasdin M. Mitchell, Holly R. Trogdon and Rebecca W. Forrestal, Kirkland & Ellis LLP, Washington, DC for plaintiff.
for defendant: Michael A. Pittenger, Jennifer C. Wasson and Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Mary Eaton, Zeh Ekono and Le-Ahn Bui, Wilkie Farr & Gallagher LLP, New York, NY for defendant.
Case Number: D68661
Plaintiff adequately stated its claims for declaratory relief as to an earn-out provision in the parties' contract, and plaintiff was entitled to specific performance of a clause allowing access to books and records.
Publication Date: 2019-07-24
Practice Area: Labor Law
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Douglas D. Herrman, James H.S. Levine, Ellis E. Herington and Jay A. Dubow, Pepper Hamilton LLP, Wilmington, DE and Philadelphia, PA for petitioners.
for defendant: Patricia L. Enerio and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Adam P. Samansky, Frank J. Earley and Andre Cizmarik, Mintz, Levin, Cohn, Ferris, Glovsky and Pope, P.C., Boston, MA and New York, NY for respondent.
Case Number: D68639
Former directors and officers were entitled to some advancement under former employer's corporate charter where employer's allegations of misappropriation of confidential information and property arose, at least in part, from the former directors' and officers' status as directors and officers to which they were entitled advancement for claims arising from such status.
Publication Date: 2019-07-17
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Carmella P. Keener of Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Carol S. Shahmoon and Gregory E. Keller, Shahmoon Keller PLLC, Great Neck NY for plaintiff.
for defendant: William M. Lafferty, D. McKinley Measley, Thomas P. Will and Lauren P. Russell, Morris, Nichols, Arsht & Tunnell LLP, Wil-mington, DE; Tariq Mundiya, Sameer Advani, Alexander L. Cheney and Brittany M. Wagonheim, Wilkie Farr & Gallagher LLP, New York, NY for BlackRock Credit Allocation Income Trust and BlackRock New York Municipal Bond Trust. Robert S. Saunders, Ronald N. Brown, III and Eben P. Colby, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, DE and Boston MA for BlackRock Advisors, LLC, Robert Fairbairn and John Perlowski. Gregory P. Williams and Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE; John S. Kiernan and Jeremy Feigelson, Debevoise & Plimpton LLP, New York, NY for remaining defendants.
Case Number: D68635
The court held that companies could not invalidate a shareholder's nominees due to the failure to return an overly broad ques-tionnaire within a short time frame, and the court further required that votes in favor of the shareholder's nominees should be counted at the next annual meetings.
Publication Date: 2019-07-10
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Andrew S. Dupre and Alexandra M. Joyce, McCarter & English, LLP, Wilmington, DE; Eduard Korsinsky, Amy Miller, William J. Fields and Samir Shukurov, Levi & Korsinsky, LLP, New York, NY for plaintiff.
for defendant: John M. Seaman, Abrams & Bayliss LLP, Wilmington, DE; Thomas J. Fleming, Adrienne Ward and Kerrin T. Klein, Olshan Frome Wolosky LLP, New York, NY for defendants Lichtenstein, Howard, Kassan Fejes and Steel Holdings defendants. Gregory V. Varallo, Matthew D. Perri and Sarah T. Andrade, Richards, Layton & Finger, P.A., Wilmington, DE for defendants Fenton, Legyel and Wald.
Case Number: D68626
Pre-suit demand was excused in this derivative action.
Publication Date: 2019-06-05
Practice Area: Corporate Governance
Industry: Retail
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: John M. Seaman and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Ray Shepard, The Shepard Law Firm LLC, Pasadena, MD for plaintiff
for defendant: David J. Margules, Jessica C. Watt, and Evan W. Krick, Ballard Spahr LLP, Wilmington, DE; William A. Slaughter and William B. Igoe, Ballard Spahr LLP, Philadelphia, PA for defendant
Case Number: D68583
Former director/officer was entitled to mandatory indemnification by prevailing in corporate lawsuit against him for acts taken in his official capacity by ultimately enforcing court's prior order barring corporation from asserting suits against its directors and officers.
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