• WT Representative LLC v. Philips Holdings USA Inc.

    Publication Date: 2024-09-03
    Practice Area: Mergers and Acquisitions
    Industry: Biotechnology | Manufacturing
    Court: Court of Chancery
    Judge: Chancellor Wallace
    Attorneys: For plaintiff: C. Barr Flinn, Paul J. Loughman, Michael A. Carbonara, Jr., Young Conaway Stargatt & Taylor LLP, Wilmington, DE, Eric Leon, Latham & Watkins LLP, New York, NY, Nathan A. Sandals, Latham & Watkins LLP, Boston, MA for plaintiff.
    for defendant: Patricia L. Enerio, Emily A. Letcher, Heyman Enerio Gattuso & Hirzell LLP, Wilmington, DE, Laurence A. Schoen, Breton Leone-Quick, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., Boston, MA for defendant.

    Case Number: 2024-0170 PRW

    Plaintiff reasonably interpreted parties' merger agreement as merely requiring FDA approval of the medical device system to secure milestone payment without reference to specific size variations of the product.

  • Burkhart v. Genworth Fin., Inc.

    Publication Date: 2024-09-03
    Practice Area: Damages
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Cook
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Edward F. Haber, Michelle H. Blauner, Ian J. McLoughlin, Patrick J. Vallely, Shapiro Haber & Urmy LLP, Boston, MA, attorneys for plaintiff;
    for defendant: Srinivas M. Raju, Elizabeth J. Freud, Daniel A. Dreisbach, Susan Hannigan Cohen, Kevin M. Gallagher, Richards, Layton & Finger, P.A., Wilmington, DE; Reid L. Ashinoff, Kenneth J. Pfaehler, T. Carter White, Dentons US LLP, New York,NY; John C. Hueston, Marshall A. Camp, Padraic Foran, Zachary Murray, Hueston Hennigan LLP, Los Angeles, CA, attorneys for defendant.

    Case Number: 2018-0691-NAC

    Court ordered plaintiffs to produce unredacted versions of their fee agreements with proposed class counsel where plaintiffs admitted they had funding litigation agreements and the fee agreements were necessary for the court to evaluate whether counsel could adequately represent the class or had separate duties to the litigation funders, whose interests could diverge from the class.

  • L-5 Healthcare Partners, LLC v. Alphatec Holdings, Inc.

    Publication Date: 2024-09-03
    Practice Area: Contracts
    Industry: Financial Services and Banking | Biotechnology | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Cook
    Attorneys: For plaintiff: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Antonio Yanez, Jr., Brady Sullivan, Willkie Farr & Gallagher LLP, New York, NY; Alexander L. Cheney, Willkie Farr & Gallagher LLP, San Francisco, CA for plaintiff.
    for defendant: Philip A. Rovner, Potter Anderson & Corroon LLP, Wilmington, DE; Krista M. Enns, Edward C. Wipper, Benesch Friedlander Coplan & Aronoff LLP, New York, NY for defendant.

    Case Number: 2019-0412-NAC

    Court enforced contractual specific remedy provision where breaching party offered no persuasive argument for disregarding the clause and ordered the breaching party to perform at the value the warrant to purchase shares had at the time of its breach.

  • Sunstone Partners Mgmt., LLC v. Snyopsys, Inc.

    Publication Date: 2024-08-27
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Chancellor Wallace
    Attorneys: For plaintiff: Rudolf Koch, Nicholas F. Mastria, Richards, Layton & Finger P.A, Wilmington, DE; Adam Slutsky, Godwin Proctor, LLP, Boston, MA for plaintiff.
    for defendant: Tammy L. Mercer, Jillian A. Tyson, Young Conaway Stargatt & Taylor, LLP Wilmington, DE; N. Thomas Connallly, III, Christopher T. Pickens, Patrick T. Michael, and Samuel W. Yergin, Hogan Lovells US LLP, Tysons, VA for defendant.

    Case Number: 2024-0261-PRW

    Court found no breach of an exclusivity provision in a letter of intent where the provision merely prohibited soliciting proposals for a sale of the subject business, rather than communications about a potential transaction, and announcing consideration of strategic alternatives did not rise to the level of a firm solicitation.

  • Carlisle v. Everett

    Publication Date: 2024-08-27
    Practice Area: Trusts and Estates
    Industry:
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Kathleen DeLacy, Martin D. Page, Reger Rizzo & Darnall LLP, Wilmington, DE for plaintiff.
    for defendant: Jason C. Powell, Thomas J. Reichert, Laurel A. LaLone, The Powell Firm, LLC, Wilmington, DE for defendant.

    Case Number: 2023-0077-LM

    Court directed parties to address the issue of whether Delaware law expressly or impliedly conferred a parent with standing to challenge the validity of their deceased child's marriage on grounds of fraud.

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  • E. Wholesale Fence LLC v. Hudson

    Publication Date: 2024-08-27
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale | Manufacturing
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Daniel M. Silver, Benjamin A. Smyth, Maliheh Zare, McCarter & English, LLP, Wilmington, DE for plaintiff.
    for defendant: Elisabeth S. Bradley, Y. Carson Zhou, Alan C. Cardenas-Moreno, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for defendant.

    Case Number: 2023-1176-KSJM

    Court stayed breach of restrictive covenant action pending further proceedings in separate action that likely would have overlapping factual and legal issues.

  • Gilbert v. Unisys Corp.

    Publication Date: 2024-08-27
    Practice Area: Employment Litigation
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: John M. Seaman, E. Wade Houston, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Nicholas G. Hill, Rebecca M. Borkovich, McGuireWoods LLP, Atlanta, GA for plaintiffs.
    for defendant: David E. Ross, Eric D. Selden, Ross Aronstam & Moritz LLP, Wilmington, DE; Martin L. Roth, P.C., Kirkland & Ellis LLP, Chicago, IL; Haley S. Stern, Amanda Lamothe-Cadet, Maylynn Chen, Kirkland & Ellis LLP, New York, NY for defendant.

    Case Number: 2023-0513-PAF

    Former vice presidents were entitled to advancement rights from company in company's IP misappropriation action where certificate of incorporation and bylaws granted advancement to officers, defined as including vice presidents, for claims arising from their service to the company or at the company's request.

  • Gibson v. Koncik

    Publication Date: 2024-08-20
    Practice Area: Corporate Entities
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE for plaintiff.
    for defendant: David L. Konick, Washington, VA for defendants.

    Case Number: 2022-1036-LWW

    Court's readjustment of LLC ownership percentages did not affect the deadlock analysis where the LLC agreement required a two-thirds interest vote or unanimous consent.

  • Erste Asset Mgmt. GmbH v. Hees

    Publication Date: 2024-08-20
    Practice Area: Corporate Governance
    Industry: Consulting | Food and Beverage | Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Lawrence P. Eagel, Melissa Fortunato, Marion C. Passmore, Brandon Walker, Bragar Eagel & Squire, P.C., New York, NY for plaintiff.
    for defendant: Matthew D. Stachel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Daniel J. Kramer, Andrew J. Ehrlich, Robert N. Kravitz, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Michael A. Pittenger, Jacqueline A. Rogers, Caneel Radinson-Blasucci, Camilia R. Katkocin, Potter Anderson & Corroon LLP, Wilmington, DE; Sandra C. Goldstein, Stefan Atkinson, Kevin M. Neylan, Jr., Kirkland & Ellis LLP, New York, NY for defendants.

    Case Number: 2023-1191-LWW

    Court denied relief from dismissed action where "newly discovered evidence" was available to plaintiff long before it filed its initial derivative complaint.

  • Mitchell Partners, L.P. v. AMFI Corp.

    Publication Date: 2024-08-20
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: R. Bruce McNew, Cooch and Taylor, P.A., Wilmington, DE for plaintiff.
    for defendant: Lisa M. Zwally, Bryan T. Reed, Greenberg Traurig, LLP, Wilmington, DE for defendants.

    Case Number: 2020-0985-KSJM ("AMFI I")

    Court denied reargument of decision finding waiver of claim where plaintiff failed to brief the claim aside from a single reference in its papers.