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Publication Date: 2022-01-11
Practice Area: Corporate Entities
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Richard Jones, Peter C. McGivney, Berger Harris LLP, Wilmington, DE; Brian M. Gottesman, Gabell Beaver LLC, Wilmington, DE for plaintiffs.
for defendant: Daniel A. Griffith, Quinn Griffith, Whiteford Taylor & Preston LLC, Wilmington, DE; William F. Ryan, Jr., Whiteford Taylor & Preston LLP, Baltimore, MD for defendant.
Case Number: D69671
The court held that plaintiffs' claims against two directors for breach of contract and breach of fiduciary duties failed to ad-equately state the elements of the claims.
Publication Date: 2022-01-11
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Kenneth J. Nachbar, Susan W. Waesco, Matthew R. Clark, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Antony L. Ryan, Kevin J. Orsini, Michael P. Addis, David H. Korn, Cravath, Swaine & Moore LLP, New York, NY for plaintiff and counterclaim defendant.
for defendant: Rolin P. Bissel, James M. Yoch, Jr., Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, John C. Wander, Craig E. Zieminski, Andy E. Jackson, Vinson & Elkins LLP, Dallas, TX, for defendants and counterclaim plaintiffs.
Case Number: D69672
The court held that defendant was contractually obligated to reimburse plaintiff for a merger termination fee of $410 million plus interest to plaintiff.
Publication Date: 2022-01-11
Practice Area: Civil Procedure
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Lisa Zwally Brown, Corinne R. Moini, Greenberg Traurig, LLP, Wilmington, DE for plaintiff.
for defendant: Daniel K. Astin, Ciardi Ciardi & Astin, Wilmington, DE; Albert A. Ciardi, Walter W. Gouldsbury, Ciardi Ciardi & Astin, Philadelphia, PA; Marc Litt, Evan Weintraub, Wachtel Missry LLP; New York, NY for third-party plaintiff. Sidney S. Liebesman, Katelyn M. Crawford, Fox Rothschild LLP, Wilmington, DE; Justin P. Phelps, Gibson Watson Marino LLC, Wichita, KS for defendants.
Case Number: D69670
The court held that service of process on three Kansas residents under 6 Del. C. § 18-109(a) was not effective service because the three defendants were not managers of the subject entity.
Publication Date: 2022-01-04
Practice Area: Mergers and Acquisitions
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: John A. Sensing, Clarissa R. Chenoweth-Shook, Potter Anderson & Corroon LLP, Wilmington, DE; Dylan P. Kletter, Anthony J. Boccamazzo, Kelsey D. Bond, Brown Rudnick LLP, Hartford, CT for plaintiff.
for defendant: William D. Sullivan, William A. Hazeltine, Sullivan Hazeltine Allinson LLC, Wilmington, DE; Peter Skinner, Duane Loft, David Barillari, Lindsey Ruff, Anastasia Cembrovska, Boies Schiller Flexner LLP, New York, NY; Donna L. Culver, Derek C. Abbott, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sean D. Malloy, Jennifer D. Armstrong, McDonald Hopkins LLC, Cleveland, Ohio; Geoffrey G. Grivner, Kody M. Sparks, Buchanan Ingersoll & Rooney PC. Wilmington, DE; Sidney S. Liebesman, Fox Rothschild LLP, Wilmington, DE; Stephanie Resnick, John C. Fuller, Fox Rothschild LLP, Philadelphia, PA for defendants.
Case Number: D69663
The court held it had subject matter jurisdiction over all claims though some were common law rather than equitable claims.
Publication Date: 2021-12-28
Practice Area: Corporate Governance
Industry: Food and Beverage | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Joel Friedlander, Jeffrey Gorris, Christopher M. Foulds, Friedlander & Gorris P.A., Wilmington, DE; P. Bradford deLeeuw, Deleeuw Law LLC, Wilmington, DE; David A. Jenkins, Robert K. Beste III, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Eduard Korsinsky, Gregory M. Nespole, Nicholas I. Porritt, Daniel Tepper, Levi & Korsinsky LLP, New York, NY; Jeffrey S. Abraham, Mitchell M. Z. Twersky, Atara Hirsch, Michael J. Klein, Abraham, Fruchter & Twersky, LLP, New York, NY; Lawrence P. Eagel, W. Scott Holleman, Melissa A. Fortunato, Marion C. Passmore, Bragar Eagel & Squire, P.C., New York, NY; Michael VanOverbeke, Vanoverbeke, Michaud & Timmony, P.C., Detroit, MI; Deborah Sturman, Sturman LLC, New York, NY for plaintiffs.
for defendant: Michael A. Pittenger, Jacqueline A. Rogers, Caneel Radinson-Blasucci, Potter Anderson & Corroon LLP, Wilmington, DE; Sandra C. Goldstein, Stefan Atkinson, Kevin M. Neylan, Jr., Kirkland & Ellis LLP, New York, NY; Matthew D. Stachel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Daniel J. Kramer, Andrew J. Ehrlich, William A. Clareman, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for defendants.
Case Number: D69657
The court held that plaintiffs failed to plead sufficient allegations that a majority of the demand board was interested in a stock sale transaction such that demand would be excused.
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Publication Date: 2021-12-28
Practice Area: Contractual Disputes
Industry: Health Care | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Bradley R. Aronstam, Roger S. Stronach, Ross, Aronstam & Moritz LLP, Wilmington, DE; Philippe Z. Selendy, Andrew R. Dunlap, Sean P. Baldwin, Joshua S. Margolin, Greg Wolfe, Vivek Tata, Selendy & Gay LLC, New York, NY; Martin S. Schenker, Jeffrey S. Karr, Cooley LLP, San Francisco, CA; Daniel J. Pohlman, Daniel P. Roy III, Cooley LLP, New York, NY for plaintiff.
for defendant: William M. Lafferty, Susan W. Waesco, Elizabeth A. Mullin, Morris, Nichols, Arsht, & Tunnel LLP, Wilmington, DE; Gary A. Bornstein, Damaris Hernández, LLP, New York, NY for defendants.
Case Number: D69655
The court denied defendants' motion to dismiss plaintiffs' claims of common law fraud, breach of implied covenant of good faith, entitlement to recission based upon mutual mistake, and unjust enrichment.
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.
Publication Date: 2021-12-28
Practice Area: Contractual Disputes
Industry: Distribution and Wholesale
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Karen E. Keller, Jeffrey T. Castellano, Nathan R. Hoeschen, Shaw Keller LLP, Wilmington, DE for plaintiff.
for defendant: Kevin S. Mann, Cross & Simon LLC, Wilmington, DE; John J.E. Markham, II, Markham Read Zerner, LLC, Boston, MA for defendants.
Case Number: D69661
Court declined to exercise personal jurisdiction over officers of Delaware corporation where there were insufficient minimum contacts to further support the exercise of jurisdiction under constitutional due process norms.
Publication Date: 2021-12-21
Practice Area: Creditors' and Debtors' Rights
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Steven P. Wood, Andrew S. Dupre, Brian R. Lemon, Sarah E. Delia, McCarter & ENGLISH, LLP, Wilmington, DE for plaintiff.
for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for defendant.
Case Number: D69653
Court declined a stay of proceedings and permanent injunction, where the injunction was imposed to prevent plaintiff from interfering with defendant's rights under the parties' agreement, and where defendant was unlikely to prevail on its appeal of the court's judgment finding the agreement valid and enforceable.
Publication Date: 2021-12-21
Practice Area: Mergers and Acquisitions
Industry: Distribution and Wholesale
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor P.A., Wilmington, DE; W. Scott Holleman, Garam Choe, Bragar Eagel & Squire, P.C., New York, NY for plaintiff.
for defendant: Mark Hurd, Miranda Gilbert, Morris, Nichols, Arsht, & Tunnell LLP, Wilmington, DE; Kayvan Sadeghi, Schiff Hardin LLP, New York, NY; Jin Yan, Schiff Hardin LLP, Chicago, IL for defendant.
Case Number: D69647
The court held that plaintiff did not have standing to file a suit to compel production of books and records of corporation be-cause, at the time of initiating litigation, plaintiff was not a stockholder in the corporation.
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