• Florida Chem. Co., LLC v. Flotek Indus., Inc.

    Publication Date: 2021-09-01
    Practice Area: Contractual Disputes
    Industry: Chemicals and Materials | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kevin R. Shannon, Christopher N. Kelly and Daniel M. Rusk, IV, Potter Anderson & Corroon LLP, Wilmington, DE; William C. O’Neil, Joanna R. Travalini, Adam J. Smith, Winston & Strawn LLP, Chicago, IL for plaintiffs.
    for defendant: A. Thompson Bayliss, J. Peter Shindel, Adam K. Schulman, Abrams & Bayliss LLP, Wilmington, DE; Layne E. Kruse, Joy Soloway, Kelly Potter, Norton Rose Fulbright US LLP, Houston, TX for defendants.

    Case Number: D69522

    Seller's subsidiary was bound to a forum selection clause based on estoppel, even though it was not a signatory to the sale agreement.

  • Online HealthKnow, Inc. v. CIP OCL Inv., LLC

    Publication Date: 2021-08-25
    Practice Area: Contractual Disputes
    Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Philip Trainer, Jr., Marie M. Degnan, Ashby & Geddes, Wilmington, DE; Andrew Zimmitti, Joshua Drian, Manatt, Phelps & Phillips, LLP, Washington, DC for plaintiffs.
    for defendant: Rudolf Koch, Travis S. Hunter, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Jeffrey B. Korn, Vanessa C. Richardson, Wilkie Farr & Gallagher LLP, New York, NY; Alexander L. Cheney, Wilkie Farr & Gallagher LLP, San Francisco, CA for defendants.

    Case Number: D69516

    Where sellers allegedly engaged in fraud in the inducement of a contract, they could not rely on limitation provisions contained in that contract to avoid plaintiffs' fraud claims.

  • Buttonwood Tree Value Partners, L.P. v. R.L. Polk & Co., Inc.

    Publication Date: 2021-08-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: R. Bruce McNew, Cooch and Taylor, P.A., Wilmington, DE for plaintiffs.
    for defendant: David A. Dorey, Blank Rome LLP, Wilmington, DE; Christopher M. Mason, Nixon Peabody LLP, New York, NY; Carolyn G. Nussbaum, Nixon Peabody LLP, Rochester, NY for defendants.

    Case Number: D69502

    Common interest doctrine could not support privilege for withheld documents that were shared by controlling stockholder and company chairman/president/CEO where evidence demonstrated that the controller also was acting to benefit his other controlling stockholder family members through the proposed self-tender transaction.

  • Stone & Paper Investors, LLC v. Blanch

    Publication Date: 2021-08-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Richard I.G. Jones, Jr., David B. Anthony, Berger Harris LLP, Wilmington, DE; David Lackowitz, Zaid Shukri, Moses & Singer LLP, New York, NY for plaintiff.
    for defendant: Catherine Damavandi, Nurick Law Group, Wilmington, DE; John A. Elzufon, Elzufon Austin & Mondell, P.A., Wilmington, DE for defendants.

    Case Number: D69509

    Managers of a limited liability company breached their fiduciary duties and fraudulently concealed their wrongdoing.

  • Skye Mineral Investors, LLC v. DXS Capital (U.S.) Ltd.

    Publication Date: 2021-08-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolph Koch, Kevin M. Gallagher, Daniel Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE; Jason Cyrulnik, Edward Normand, Paul Fattaruso, Cyrulnik Fattaruso LLP, New York, NY for plaintiffs.
    for defendant: Thomas W. Briggs, Jr., Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Pedro A. Jimenez, Kevin C. Logue, Kevin P. Broughel, Nicholas Bassett, Katherine K. Solomon, Katherine Rookard, Paul Hastings LLP, New York, NY for defendants.

    Case Number: D69508

    The court dismissed some counterclaims as untimely, but the breach of fiduciary duty, aiding and abetting, conspiracy and tortious interference counterclaims survived.

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  • Diep v. Sather

    Publication Date: 2021-08-18
    Practice Area: Securities Litigation
    Industry: Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Hung G. Ta, Joo Yun Kim, Natalia D. Williams, Hung G. Ta, Esq, PLLC, New York, NY; Peter Safirstein, Elizabeth S. Metcalf, Safirstein Metcalf LLP, New York, NY for plaintiff.
    for defendant: Kurt M. Heyman, Elizabeth A. DeFelice, Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Adam H. Offenhartz, Gibson, Dunn & Crutcher LLP, New York, NY; Tyler H. Amass, Gibson, Dunn & Crutcher LLP, Denver, CO for the Special Litigation Committee.

    Case Number: D69505

    A special litigation committee conducted a fair and extensive evaluation of the insider trading claims in this case, so the court granted the committee's motion to dismiss this action.

  • Cont'l Investors Fund LLC v. TradingScreen Inc.

    Publication Date: 2021-08-18
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kevin G. Abrams, John M. Seaman, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE for plaintiff.
    for defendant: Brian C. Ralston, Jaclyn C. Levy, Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: D69503

    Company did not breach its obligations under stock redemption agreement when it initially declined to redeem all of participating stockholders' shares, where company's directors engaged in reasonable, good faith analysis that led the directors to conclude that redeeming all participating shares could jeopardize company's status as going concern.

  • Houseman v. Sagerman

    Publication Date: 2021-08-04
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Eric M. Andersen, Andersen Sleater Sianni LLC, Wilmington, DE for plaintiffs.
    for defendant: Stephen L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE for defendant.

    Case Number: D69488

    Standard of review of a shareholders' representative's actions was subjective good faith where the representative was not a corporate fiduciary but instead was contractually limited to only take those actions the representative considered necessary to carry out the company's contractual obligations.

  • Feldman v. AS Roma SPV GP

    Publication Date: 2021-08-04
    Practice Area: Corporate Governance
    Industry: Entertainment and Leisure | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Peter B. Ladig, Brett M. McCartney, Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Rishi Bhandari, Mandel Bhandari LLP, New York, NY for plaintiffs.
    for defendant: John L. Reed, Ronald N. Brown, III, Peter H. Kyle, DLA Piper LLP (US), Wilmington, DE for defendants.

    Case Number: D69487

    Minority shareholders in LLC failed to state a claim for inadequate disclosures where LLC control group was not obligated to provide, as part of a capital call for the LLC, a prediction of the likelihood of a sale of the company by a certain date.

  • Skye Mineral Investors, LLC v. DXS Capital (U.S.) Ltd.

    Publication Date: 2021-07-28
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Kevin M. Gallagher, Daniel Kaprow of Richards, Layton & Finger, P.A., Wilmington, DE; Jason Cyrulnik, Edward Normand, Paul Fattaruso, Cyrulnik Fattaruso LLP, New York, NY for plaintiffs.
    for defendant: Thomas W. Briggs, Jr., Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Pedro A. Jimenez; Kevin C. Logue, Kevin P. Broughel, Nicholas Bassett, Katherine K. Solomon, Katherine Rookard, Paul Hastings LLP, New York, NY for defendants.

    Case Number: D69484

    Service upon defendants in a foreign country by mailing and posting was reasonably calculated to provide them with actual notice of the pending litigation, so the court denied defendants' motion to dismiss.