• Schwartz v. Cognizant Tech. Solutions Corp.

    Publication Date: 2022-04-12
    Practice Area: Litigation
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Bartholomew J. Dalton, Michael C. Dalton, Dalton & Associates, P.A., Wilmington, DE; Adam Balick, Michael Collins Smith, Balick & Balick, LLC, Wilmington, DE for plaintiff.
    for defendant: David E. Ross, Anthony Calvano, Ross Aronstam & Moritz LLP, Wilmington, DE; J. Christian Word, Latham & Watkins LLP, Washington, DC; Luke Nikas, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; William A. Burck, Ben A. O’Neil, Quinn Emanuel Urquhart & Sullivan, LLP for defendant.

    Case Number: D69776

    The court held that plaintiff was not entitled to an anti-suit injunction because a state court cannot restrain federal court proceedings.

  • In Re Straight Path Commc'ns Inc. Consol. Stockholder Litig.

    Publication Date: 2022-03-29
    Practice Area: Mergers and Acquisitions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Ned Weinberger,Mark Richardson, Labaton Sucharow LLP, Wilmington, DE; Jeroen van Kwawegen, Edward G. Timlin, Alla Zayenchik, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Vincent R. Cappucci, Joshua K. Porter, Entwistle & Cappucci LLP, New York, NY for plaintiffs and intervenor-plaintiff.
    for defendant: Rudolf Koch, Kevin M. Gallagher, Daniel E. Kaprow, John M. O’Toole, Melissa A. Lagoumis, Richards, Layton & Finger P.A., Wilmington, DE; Thomas Uebler, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Jason Cyrulnik, Paul Fattaruso, Cyrulnik Fattaruso LLP, New York, NY; Kevin R. Shannon, Berton W. Ashman, Jr., Jacqueline A. Rogers, David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE, for defendants.

    Case Number: D69758

    The court held that a factual record was necessary to determine the adequacy of a stockholder entity to serve as class repre-sentative.

  • 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.

  • Krauss v. 180 Life Sciences Corp.

    Publication Date: 2022-03-22
    Practice Area: Corporate Entities
    Industry: Biotechnology | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Kenneth J. Nachbar, S. Mark Hurd, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Aaron Miner, Arnold & Porter, New York, NY for plaintiff.
    for defendant: Matthew F. Davis, Aaron R. Sims, Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE; Jeffrey W. Shields, Shields Law Offices, Irvine, CA for defendant.

    Case Number: D69754

    The court held that Krauss was entitled to advancement for fees associated with her response to the SEC subpoenas, her de-fense of the direct actions, and her prosecution of her affirmative defenses and compulsory counterclaims because those claims flowed from her position as a director and officer of KBL.

  • In Re Cellular Tel. P'ship Litig.

    Publication Date: 2022-03-22
    Practice Area: Deals and Transactions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Marcus E. Montejo, Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Thomas R. Ajamie, David S. Siegel, Ryan van Steenis, Ajamie LLP, Houston, TX; Michael A. Pullara, Houston, TX for plaintiffs.
    for defendant: Todd C. Schiltz, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; William M. Connolly, Faegre Drinker Biddle & Reath LLP, Philadelphia, PA; Zoë K. Wilhelm, Faegre Drinker Biddle & Reath LLP, Los Angeles, CA; Maurice L. Brimmage, Jr., Laura P. Warrick, Akin Gump Strauss Hauer & Feld LLP, Dallas, TX for defendants.

    Case Number: D69753

    The court held that AT&T failed to prove that the freeze-out of minority partners was entirely fair because it did not follow a fair process and did not employ procedural protections to ensure fairness to the minority partners.

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  • Elavon, Inc. v. Elec.. Transaction Sys. Corp.

    Publication Date: 2022-03-22
    Practice Area: Civil Procedure
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Rolin P. Bissell, James M. Yoch, Jr., Peter J. Artese, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Jared D. Wilkinson, Vinson & Elkins LLP, Dallas, TX; Michael S. Dry, Vinson & Elkins LLP, Washington, D.C. for plaintiff.
    for defendant: Michael C. Dalton, Bartholomew J. Dalton, of Dalton & Associates, P.A., Wilmington, DE Ryan Scarborough, Graham W. Safty, Trisha Jhunjhnuwala, Williams & Connolly LLP, Washington, D.C.; Adam L. Balick, Melony R. Anderson, Balick & Balick, LLC, Wilmington, DE for defendants.

    Case Number: D69752

    The court found that the Chancery Court did not have subject matter jurisdiction because there was an adequate remedy at law for plaintiff's issue.

  • Blue v. Fireman

    Publication Date: 2022-03-15
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Marcus E. Montejo, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiffs.
    for defendant: Matthew D. Stachel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Audra J. Soloway, Jaren Janghorbani, Maia Usui, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for defendants.

    Case Number: D69743

    The court found that plaintiffs' breach of fiduciary duty claim was a direct claim and not a derivative claim.

  • Lockton v. Rogers

    Publication Date: 2022-03-15
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Daniel A. Griffith, Whiteford, Taylor & Preston LLC, Wilmington, DE; Allan B. Diamond, Jason Fulton, and John B. Sample, Diamond Mccarthy LLP, Houston, TX for plaintiffs.
    for defendant: Stephen C. Norman, Nicholas D. Mozal, Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE. Albert H. Manwaring IV, Matthew F. Lintner, Kirsten Zeberkiewicz, Morris James LLP, Wilmington, DE; Robert A. Van Kirk, Sarah F. Kirkpatrick, Williams & Connolly LLP, Washington, DC for defendants.

    Case Number: D69745

    The court held that 1) the record was not sufficient to find that Corwin cleansed the merger transaction and 2) that plaintiffs adequately pled a breach of fiduciary duty against defendants.

  • Deane v. Maginn

    Publication Date: 2022-03-15
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: David H. Holloway, Shlansky Law Group, LLP, Wilmington, DE; Colin R. Hagan, David J. Shlansky, Shlansky Law Group, LLP, Chelsea, MA for plaintiffs.
    for defendant: Jody C. Barillare, Amy M. Dudash, Morgan, Lewis & Bockius LLP, Wilmington, DE; Michael D. Blanchard, Morgan, Lewis & Bockius, Boston, MA for defendants

    Case Number: D69744

    The court held that plaintiffs' claim against defendant for allowing warrants to expire was time-barred.

  • 250 Executive, LLC v. Christina Sch. Dist.

    Publication Date: 2022-03-15
    Practice Area: Tax
    Industry: Real Estate | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Daniel F. McAllister, Tarabicos, Grosso & Hoffman LLP, New Castle, DE for petitioner.
    for defendant: David H. Williams, Michelle G. Bounds, Morris James LLP, Wilmington, DE for respondents.

    Case Number: D69742

    The court found that plaintiff's claim for declaratory judgment and injunctive relief were not equitable claims and did not confer subject matter jurisdiction on the Chancery Court.