• Richardson v. Clark

    Publication Date: 2021-01-27
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Kevin H. Davenport, Samuel L. Closic, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Frank R. Schirripa, Daniel B. Rehns, Hach Rose Schirripa & Cheverie LLP, New York, NY for plaintiff.
    for defendant: A. Thompson Bayliss, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Scott P. Drake, Norton Rose Fulbright US LLP, Dallas, TX; Peter A. Stokes, Norton Rose Fulbright US LLP, Austin, TX for defend-ants.

    Case Number: D69273

    A company's directors failed to adequately address problems identified by federal regulators, but their conduct did not amount to bad faith.

  • Lenois v. Lawal

    Publication Date: 2021-01-27
    Practice Area: Corporate Entities
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Michael J. Barry, Rebecca Musarra, Grant & Eisenhofer, P.A., Wilmington, DE; Gordon Z. Novod, Grant & Eisenhofer, P.A., New York, NY; Peter B. Andrews, Craig J. Springer, Jessica Zeldin, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy Friedman, Spencer Oster, David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY for plaintiff.
    for defendant: Myron T. Steele, Matthew F. Davis, Jaclyn C. Levy, Potter, Anderson & Corroon LLP, Wilmington, DE; David T. Moran, Christopher R. Bankler, Jackson Walker L.L.P., Dallas, TX; David J. Teklits, Kevin M. Coen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Mark Oakes and Ryan Meltzer, Norton Rose Fulbright US LLP, Austin, TX; John Byron, Norton Rose Fulbright US LLP, Houston, TX; Srinivas M. Raju, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Greg Waller, Hunton Andrews Kurth L.L.P., Houston, TX for defendants.

    Case Number: D69272

    Bankruptcy trustee could not substitute for derivative plaintiff and assert claims subject to final judgment on behalf of the company where the "newly discovered evidence" in support of relief from judgment was in the company's possession and therefore knowledge of the evidence would be imputed to the trustee.

  • Harris v. Harris FRC Corp.

    Publication Date: 2021-01-20
    Practice Area: Corporate Entities
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Joel Friedlander, Christopher M. Foulds, Christopher Quinn, Friedlander & Gorris, P.A., Wilmington, DE for petitioner.
    for defendant: Maura L. Burke, Courtney A. Emerson, Katelyn M. Crawford, Fox Rothschild LLP, Wilmington, DE; Emily A. Kaller, Greenbaum, Rowe, Smith & Davis LLP, Woodbridge, NJ for respondent.

    Case Number: D69264

    Confidentiality order in appraisal action could be modified to allow for additional plenary claims that came to light during discovery in the appraisal proceedings.

  • Great Hill Equity Partners IV, LP v. SIG Growth Equity Fund I, LLLP

    Publication Date: 2021-01-20
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Rudolf Koch, Robert L. Burns, Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE; Adam Slutsky, Goodwin Procter LLP, Boston, MA for plaintiffs.
    for defendant: William B. Chandler III, Ian R. Liston, Jessica A. Hartwell, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Mark A. Kirsch, Scott A. Edelman, Aric H. Wu, Laura K. O’Boyle, Peter Wade, Gibson, Dunn & Crutcher LLP, New York, NY; Lewis H. Lazarus Morris James LLP, Wilmington, DE; Peter N. Flocos, Joanna A. Diakos, K&L Gates LLP, New York, NY; David S. Eagle, Sean M. Brennecke, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE; Michael K. Coran, William T. Hill, Monica Clarke Platt, Gregory R. Sellers, Klehr Harrison Harvey Branzburg LLP, Philadelphia, PA for defendants.

    Case Number: D69263

    Contractual fee shifting denied where plaintiffs prevailed on certain theories but recovery of minimal damages meant that neither side qualified as a "prevailing party" and equity did not warrant shifting of fees.

  • Mack v. Rev Worldwide, Inc.

    Publication Date: 2021-01-20
    Practice Area: Corporate Entities
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: William M. Kelleher, Phillip A. Giordano, Gordon, Fournaris & Mammarella, P.A., Wilmington, DE; Robert A. Giacovas, Lainie E. Cohen, Jacob A. Englander, Lazare Potter Giacovas & Moyle LLP, New York, NY for plaintiff.
    for defendant: Raymond W. Cobb, O’Hagan Meyer LLP, Wilmington, DE; Kevin M. O’Hagan, Shane M. Bradwell, O’Hagan Meyer LLP, Chicago, IL for defendant.

    Case Number: D69268

    Delaware was an improper forum for plaintiff's claims, because the parties' agreements contained forum selection clauses in favor of other states.

  • Law Journal Press | Digital Book

    New Jersey Insurance Law 2024

    Authors: George J. Kenny, Frank A. Lattal

    View this Book

    View more book results for the query "*"

  • In Re Viacom Inc. Stockholders Litig.

    Publication Date: 2021-01-13
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Jeroen van Kwawegen, Edward G. Timlin, Andrew E. Blumberg, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Chad Johnson, Noam Mandel, Desiree Cummings, Robbins Geller Rudman & Dowd LLP, New York, NY; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Nashville, TN; Francis A. Bottini, Jr., Anne B. Beste, Bottini & Bottini, Inc., La Jolla, CA for plaintiffs.
    for defendant: Matthew E. Fischer, Michael A. Pittenger, Christopher N. Kelly, J. Matthew Belger, Jacqueline A. Rogers, Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE; Victor L. Hou, Rahul Mukhi, Mark E. McDonald, Cleary Gottlieb Steen & Hamilton LLP, New York, NY; Gregory P. Williams, Blake Rohrbacher, Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE; Robert H. Baron, Gary A. Bornstein, Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY; Jon E. Abramczyk, D. McKinley Measley, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Stuart J. Baskin Randall Martin, Shearman & Sterling LLP, New York, NY for defendants.

    Case Number: D69255

    Controller standing on both sides of a merger transaction without dual protections for minority shareholders was required to defend transaction under entire fairness review standard rather than business judgment rule.

  • LPPAS Representative, LLC v. ATH Holding Co., LLC

    Publication Date: 2021-01-13
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Matthew P. Denn, Kelly L. Freund, DLA Piper LLP, Wilmington, DE; A. Thompson Bayliss, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE for plaintiffs.
    for defendant: Kevin M. Coen, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Glenn M. Kurtz, White & Case LLP, New York, NY for defendants.

    Case Number: D69256

    Indemnification claims could not "relate back" to earlier where parties' contract required claims to be submitted prior to automatic release of escrow funds, but ambiguity as to whether claim met contractual materiality standard precluded judgment on the pleadings or summary judgment.

  • In re WeWork Litig.

    Publication Date: 2021-01-06
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: William B. Chandler III, Brad D. Sorrels, Lori W. Will, Lindsay Kwoka Faccenda, Leah E. Brenner, Jeremy W. Gagas, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Michael S. Sommer, Wilson Sonsini Goodrich & Rosati, P.C., New York, NY; David J. Berger, Steven M. Guggenheim, Dylan G. Savage of Wil-son Sonsini Goodrich & Rosati, P.C. , Palo Alto for plaintiff We Company; William M. Lafferty, Kevin M. Coen, Sabrina M. Hendershot, Sara Toscano, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Eric Seiler, Philippe Adler, Mala Ahuja Harker, Friedman Kaplan Seiler & Adelman LLP, New York, NY; William Christopher Carmody, Shawn J. Rabin, Arun Subramanian, Susman Godfrey L.L.P., New York, NY for plain-tiffs Neumann and We Holdings LLC.
    for defendant: Robert S. Saunders, Sarah R. Martin, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; George A. Zimmerman, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY for The We Co. Elena C. Norman, Rolin P. Bissell, Nicholas J. Rohrer, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Erik J. Olson, of Morrison & Foerster LLP, Palo Alto, CA; James Bennett, Jordan Eth, Morrison & Foerster LLP, San Fran-ciso, CA for defendant SoftBank Group Corp. Michael A. Barlow, E. Wade Houston, Abrams & Baylis LLP, Wilmington, DE; John B. Quinn, Molly Stephens of Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for defendant SoftBank Vision Fund.

    Case Number: D69249

    A temporary committee created by a company's board of directors did not have authority to terminate a lawsuit that was filed by an earlier special committee.

  • Alexandria Venture Invs., LLC v. Verseau Therapeutics, Inc.

    Publication Date: 2021-01-06
    Practice Area: Corporate Entities
    Industry: Biotechnology | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Raymond J. DiCamillo, Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE; Luke Cadigan, Cooley LLP, Boston, MA; Patrick Gunn, Cooley LLP, San Francisco, CA for plaintiffs
    for defendant: David J. Teklits, Thomas P. Will, Morris, Nichols, Arsht, & Tunnell LLP, Wilmington, DE for defendant.

    Case Number: D69246

    Stockholder whose financing proposal was rejected by the board was entitled to limited inspection of books and records after raising reasonable inferences that directors' decision to reject the proposal may have been motivated by conflicts and self-interest.

  • Stream TV Networks, Inc. v. SeeCubic, Inc.

    Publication Date: 2020-12-30
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Scott D. Cousins, Cousins Law, LLC, Wilmington, DE; Luis Salazar, Jose Ceide, Daniel Halperin, Salazar Law, Miami, FL for plaintiff.
    for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Skadden, Arps, Slate, Meagher & Flom LLP, Wil-mington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for defendants.

    Case Number: D69244

    An insolvent company failed to establish a reasonable probability of success on the merits, so the court de-nied its request for a preliminary injunction.