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Publication Date: 2022-12-06
Practice Area: Mergers and Acquisitions
Industry: Health Care | Insurance | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Thomas W. Briggs, Jr., Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Christopher R. Rodriguez, Andrew D. Bluth, Singleton Schreiber LLP, Sacramento, CA for plaintiffs/counter-claim defendants.
for defendant: Paul D. Brown, Joseph B. Cicero, Gregory E. Stuhlman, Aidan T. Hamilton, Chipman Brown Cicero & Cole, LLP, Wilmington, DE for defendant/counterclaim-plaintiff.
Case Number: 2019-0793-JTL
The court found for plaintiff stockholders who sought a specific performance order compelling a corporation's former CEO to release funds which were held in an escrow account.
Publication Date: 2022-12-06
Practice Area: Trusts and Estates
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Jeremy D. Anderson, Fish & Richardson P.C., Wilmington, DE for plaintiff.
for defendant: Steven L. Caponi, K&L Gates, LLP, Wilmington, DE; Dieter Walter Neupert, defendant pro se for defendants.
Case Number: 2017-0290-JTL
Request for international assistance granted to obtain attorney documents seized by international law enforcement authorities where attorney had failed to participate in the proceedings and plaintiff had no other means of obtaining the information and documents.
Publication Date: 2022-12-06
Practice Area: Government
Industry: Non-Profit | State and Local Government
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Stephen J. Neuberger, Thomas S. Neuberger, The Neuberger Firm, P.A., Wilmington, DE; Scott D. Cousins, Scott D. Jones, Cousins Law LLC, Wilmington, DE; Thomas C. Crumplar, Jacobs & Crumplar, P.A., Wilmington, DE; Martin D. Haverly, Martin D. Haverly, Attorney At Law, Wilmington, DE, for plaintiffs.
for defendant: Zi-Xiang Shen, State of Delaware Department Of Justice, Wilmington, DE; Brad D. Sorrels, Andrew D. Cordo, Daniyal M. Iqbal, Nora M. Crawford, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE for defendant.
Case Number: 2021-1036-JTL
Chancery court lacked subject matter jurisdiction over challenge filed by religious leaders to COVID-19 in-person gathering restrictions where plaintiffs had failed to demonstrate reasonable apprehension that state would reimpose such restrictions after it entered a settlement agreeing not to impose similar restrictions in the future.
Publication Date: 2022-11-22
Practice Area: Corporate Entities
Industry: E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Glasscock
Attorneys: For plaintiff: Bruce E. Jameson, Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Thomas H. Vidal, Jessica Stone, Pryor Cashman LLP, Los Angeles, CA for plaintiff.
for defendant: Philip Trainer, Jr., Randall J. Teti, Ashby & Geddes, Wilmington, DE; Esra Acikalin Hudson, Lauren, Chee, Manatt, Phelps & Phillips, LLP, Los Angeles, CA for defendants.
Case Number: 2021-0896-SG
Court issued a constructive trust following a trial sounding in breach of contract and breach of duty claims amongst co-investors in a cryptocurrency investment company.
Publication Date: 2022-11-22
Practice Area: Mergers and Acquisitions
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Michael A. Pullara, Houston, TX; Ryan van Steenis, Ajamie LLP, Houston, TX for petitioner.
for defendant: Richard L. Renck, Mackenzie M. Wrobel, Tracey E. Timlin, Duane Morris LLP, Wilmington, DE for respondent.
Case Number: 2019-0601-PAF
Court used blended approach of parties' experts calculations of company's fair market value to conduct statutory appraisal, where neither expert persuasively demonstrated that their model's data was inherently reliable although each model did have some reliable features.
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Publication Date: 2022-11-15
Practice Area: Contracts
Industry: Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: David E. Ross, Eric D. Selden, Ross Aronstam & Moritz LLP, Wilmington, DE; Kevin B. Huff, Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., Washington, DC for plaintiff.
for defendant: R. Judson Scaggs, Jr., Thomas P. Will, Morris, Nichols, Arsht & Tunnell, LLP, Wilmington, DE; Robert A. Van Kirk, Sarah F. Kirkpatrick, James M. Rice, Nicholas A. Maricic, Williams & Connolly LLP, Washington, DC for defendants.
Case Number: 2021-0944-SG
Plaintiff could pursue tortious interference with contract claim against third party by alleging that it knew of exclusivity provisions in plaintiff's contract based on industry practice and past practice between plaintiff's affiliates and the third party, and by alleging that third party's decision to usurp business opportunities would result in breach of the contract.
Publication Date: 2022-11-15
Practice Area: Corporate Governance
Industry: Biotechnology | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Jeffrey J. Lyons, Baker & Hostetler LLP. Wilmington, DE; Teresa Goody Guillén, Baker & Hostetler LLP, Washington D.C.; Marco Molina, Baker & Hostetler LLP, Costa Mesa, CA for plaintiff.
for defendant: Michael A, Pittenger, William R. Denny, Matthew F. Davis, Nicholas D. Mozal, Laura G. Readinger, Carson R. Bartlett, Shelby M. Thornton, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.
Case Number: 2022-0669-LWW
The court denied plaintiff stockholder's request for preliminary injunctive relief requesting that defendant board of directors recognize a candidate nomination.
Publication Date: 2022-11-15
Practice Area: Mergers and Acquisitions
Industry: Health Care | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY, for Hudson Vegas Investment SPV, LLC.
for defendant: William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for Jessica Puathasnanon and P3 Health Group Holdings, LLC. Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk IV, Potter Anderson & Corroon LLP, Wilmington, DE; William K. Kane, Sheppard Mullin, Richter & Hampton LLP, Chicago, IL; James C. Wald, Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for Chicago Pacific Founders Fund, L.P., CPF P3 Splitter, LLC, Greg Kazarian, Larry Leisure, Mary Tolan, Sameer Mathur. Elena C. Norman, Paul J. Loughman, Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for Sherif W. Abdou, Amir Bacchus, Gary Garrett, Lorie Glisson, Taylor Leavitt, and Tom Price.
Case Number: 2021-0518-JTL
The court granted defendants' motions to dismiss in part.
Publication Date: 2022-11-15
Practice Area: Labor Law
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Rolin P. Bissell, Elena C. Norman, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Mary Eaton, Thomas Walsh, Nicholas Caselli, Freshfields Bruckhaus Deringer US LLP, New York, NY; Jonathan Kortmansky, Melissa Ginsberg, Braunhagey & Borden LLP, New York, NY for plaintiffs.
for defendant: David A. Felice, Bailey & Glaser, LLP, Wilmington, DE; Kevin D. Galbraith, Taylor N. Perretti, The Galbraith Law Firm, New York, NY; Sean R. O’Brien, A.J. Monaco, O’Brien LLP, New York, NY; Yonaton Aronoff, Joseph Gallagher, Harris St. Laurent & Wechsler LLP, New York, NY for defendants.
Case Number: 2022-0357-MTZ
New corporate entity following SPAC transaction was not bound to employment agreements executed by prior corporate entity and thus new entity was not obligated to arbitrate employees' grievances.
Publication Date: 2022-11-15
Practice Area: Corporate Entities
Industry: Food and Beverage
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Gregory F. Birney, Birney Law, LLC, Claymont, DE; Matt Simmons, Law Offices of Matt Simmons, Esq., Rockville, MD for plaintiff.
for defendant: Robert K. Beste, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Kimberly E. Blair, Deanna M. Williams, Wilson Elser Moskowitz Edelman & Dicker LLP, Chicago, IL for defendants.
Case Number: 2021-0798-MTZ
Full Faith and Credit Clause prohibited state from having exclusive jurisdiction clause that required transitory claims to be heard in that state, as such a law failed to give due respect to the judicial proceedings of other states.
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