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Publication Date: 2020-11-11
Practice Area: Corporate Governance
Industry: E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: P. Bradford deLeeuw, deLeeuw Law LLC, Wilmington, DE; Robert C. Schubert, Schubert Jonckheer & Kolbe LLP, San Francisco, CA; James E. Miller, Shepherd Finkelman Miller & Shah, LLP, Chester, CT for plaintiff.
for defendant: Kevin R. Shannon, Berton W. Ashman, Jr., Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilming-ton, DE; William Savitt, Ryan A. McLeod, Anitha Reddy, Cecilia A. Glass, Wachtell, Lipton, Rosen & Katz, New York, NY; Raymond J. DiCamillo, Kevin M. Gallagher, Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE; George M. Garvey, Laura Lin, Munger, Tolles & Olson LLP, Los Angeles, CA; David E. Ross, Garrett B. Moritz, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE for defendants.
Case Number: D69189
Plaintiffs failed to establish demand futility because a majority of the board was capable of impartially con-sidering a litigation demand.
Publication Date: 2020-11-11
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Ned Weinberger, Thomas Curry, Labaton Sucharow LLP, Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Thomas A. Uebler, Joseph L. Christensen, Hayley M. Lenahan of McCollow D’Emilio Smith Uebler LLC, Wilmington, DE; Jeroen van Kwawegen, Edward G. Tim-lin, Alla Zayenchik, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Frank R. Schirripa, Kurt Hunciker, Hach Rose Schirripa & Cheverie LLP, New York, NY for plaintiffs.
for defendant: Kevin R. Shannon, Matthew F. Davis, Callan R. Jackson of Potter Anderson & Corroon LLP, Wilmington, DE; Samuel W. Cooper, Paul Hastings LLP, Houston, TX; Edward Han, Paul Hastings LLP, Palo Alto, CA; Michael P. Kelly, Andrew S. Dupre, Sarah E. Delia, McCarter & English, LLP, Wilmington, DE; Alan S. Goudiss, Paula H. Anderson, Grace J. Lee, Shearman & Sterling, LLP, New York, NY for defendants.
Case Number: D69185
Except for the failure to include certain information in the proxy statement, plaintiffs failed to state a claim against the company's directors for breach of fiduciary duty.
Publication Date: 2020-11-11
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Michael J. Barry, Christine M. Mackintosh, Kelly L. Tucker, Vivek Upadhya, Grant & Eisenhofer P.A., Wil-mington, DE for plaintiffs.
for defendant: Blake Rohrbacher, Kevin M Gallagher, Elizabeth A. Heise, Richards, Layton & Finger, P.A., Wilmington, DE; Jason C. Vigna, Brian L. Muldrew, Katten Muchin Rosenman LLP, New York, NY for defendant.
Case Number: D69187
Plaintiffs failed to allow the full five-day response period to expire before filing this action to enforce their books and records request, so the court dismissed their complaint.
Publication Date: 2020-11-11
Practice Area: Labor Law
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Travis S. Hunter, Dorronda R. Bordley, Richards, Layton & Finger, P.A., Wilmington, DE; Michael V. Rella, Murphy & McGonigle, New York, NY for plaintiff.
for defendant: Daniel M. Silver, Travis J. Ferguson, Alexandra M. Joyce, McCarter & English, LLP, Wilmington, DE for defendants.
Case Number: D69184
Delaware choice-of-forum provisions failed to subject employee to personal jurisdiction where employee lived and worked in California, which therefore had the materially greater interest in the litigation, and whose law predominated over Delaware law and included fundamental policies allowing employees to invalidate choice-of-forum provisions in contracts entered into as a condition of employment.
Publication Date: 2020-11-11
Practice Area: Government
Industry: Chemicals and Materials | State and Local Government
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Melanie K. Sharp, Martin S. Lessner, Mary F. Dugan, Michael A. Laukaitis, II, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Steven S. Rosenthal, Tiffany R. Moseley, John David Taliaferro, Loeb & Loeb LLP, Washington, DC for plaintiff.
for defendant: Michael P. Kelly, David A. White, Matthew J. Rifino, McCarter & English LLP, Wilmington, DE; Jameel S. Turner, James G. Ryan, Bailey Cavalieri LLC, Columbus, OH for defendant.
Case Number: D69188
An administrative subpoena was not overly broad and was allowed under the state's revised escheat law.
Law Journal Press | Digital Book
Authors: KENNETH DEL VECCHIO
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Publication Date: 2020-11-04
Practice Area: Corporate Entities
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Paul J. Lockwood, Arthur R. Bookout, Matthew P. Majarian, Gregory P. Ranzini, Skadden, Arps, Slate, Meagher & Flom Llp, Wilmington, DE for petitioner.
for defendant: Albert H. Manwaring, IV, Kirsten A. Zeberkiewicz, Morris James LLP, Wilmington, DE; Thad J. Bracegirdle, Bayard, P.A., Wilmington, DE; Christopher P. Simon, Kevin S. Mann, David G. Holmes, Cross & Simon, LLC, Wilmington, DE; E.F. Anthony Merchant, Q.C., Merchant Law Group LLP, Regina, Saskatchewan; Evan W. Rassman, Reger Rizzo & Darnall LLP, Wilmington, DE; Michael F. Long, Watkins & Letofsky, LLP, Santa Ana, CA; Michael A. Pittenger, Berton W. Ashman, Jr., David A. Seal, Potter Anderson & Corroon, LLP, Wilmington, DE; William Savitt, Adam M. Gogolak, Wachtell, Lipton, Rosen & Katz, New York, NY for claimants.
Case Number: D69175
Company seeking to make interim stockholder distribution directed to holdback full reserve requested by claimants due to pending nature of class action in foreign country, making it impractical for the court to anticipate the outcome of the action.
Publication Date: 2020-10-28
Practice Area: Corporate Governance
Industry: Entertainment and Leisure | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Samuel T. Hirzel II, Gillian L. Andrews, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Patrick J. Smith, Andrew J. Rodgers, Nicholas J. Karasimas, Smith Villazor LLP, New York, NY for plaintiffs.
for defendant: William M. Lafferty, Susan W. Waesco, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Kevin J. Orsini, Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY for defendants.
Case Number: D69171
The court dismissed plaintiff's complaint because the company's bylaws contained a mandatory forum selection provision in favor of another state.
Publication Date: 2020-10-28
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Antonio Yanez, Jr., Alexander L. Cheney, Willkie Farr & Gallagher LLP, New York, NY for plaintiff.
for defendant: Philip A. Rovner, Jonathan A. Choa, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
Case Number: D69167
Agreement to issue convertible warrants upon drawing on credit constituted agreement sufficient to trigger preemption rights under stock purchase agreement with another party, and offer proposal failed to satisfy preemption rights due to conditional nature of the offer.
Publication Date: 2020-10-28
Practice Area: Election and Political Law
Industry: State and Local Government
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: David M. Fry, Shaw Keller LLP, Wilmington, DE; Karen Lantz, ACLU of Delaware, Wilmington, DE for plaintiffs.
for defendant: Aaron R. Goldstein, Ilona M. Kirshon, Allison J. McCowan, Frank N. Broujos, Delaware Department of Justice, Wilmington, DE; Max B. Walton, Matthew F. Boyer, Trisha W. Hall, Connolly Gallagher LLP, Wilmington, DE for defendant.
Case Number: D69168
Where Election Day deadline for receipt of mailed-in ballots was previously constitutional, and where alleged efforts by the U.S.
Publication Date: 2020-10-21
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Christopher Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
for defendant: Lisa A. Schmidt, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Yosef J. Riemer, John Del Monaco, Ian C. Spain, Kirkland & Ellis LLP, New York, NY; Ryan D. Stottmann, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Patrick Gibbs, Sarah Lightdale, Cooley LLP, New York, NY for defendants.
Case Number: D69162
The court granted a motion to dismiss as to a corporate director, but it declined to dismiss claims against two corporate of-ficers.
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