• Marubeni Spar One, LLC v. Williams Field Serv. Gulf Coast Co., L.P.

    Publication Date: 2020-01-22
    Practice Area: Contractual Disputes
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Brian E. Farnan and Michael J. Farnan, Farnan LLP, Wilmington, DE; Thomas J. Heiden, Mary Rose Alexan-der and Thomas A. Benhamou, Latham & Watkins LLP, Chicago, IL for plaintiff.
    for defendant: Adam V. Orlacchio, Barry Abrams, Joshua A. Huber and Stephanie Holden, Blank Rome LLP, Wilmington, DE and Houston, TX for defendant.

    Case Number: D68849

    The parties' contract was ambiguous and discovery was needed to determine the parties' intent.

  • In re Essendant, Inc. Stockholder Litig.

    Publication Date: 2020-01-15
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Juan E. Monteverde and Miles D. Schreiner, Monteverde & Associates PC, New York, NY; Donald J. Enright and Elizabeth K. Tripodi, Levi & Korsinsky, LLP, Washington, DC for plaintiffs.
    for defendant: Robert S. Saunders, Arthur R. Bookout, and Lilianna Anh P. Townsend, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Gregory P. Williams, Lisa A. Schmidt, Matthew D. Perri, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; and Matthew Solum, P.C., and Ian Spain, of Kirkland & Ellis LLP, New York, NY for defendants.

    Case Number: D68839

    Stockholders' breach of fiduciary duty claims arising from board's rejection of existing merger agreement in favor of all-cash acquisition offer dismissed where stockholders failed to make prima facie case of board's breach of the duty of loyalty and where acquirer's stake in the company was insufficient to make it a controlling stockholder for the purposes of an aiding and abetting claim.

  • Gulf LNG Energy, LLC v. Eni USA Gas Mktg. LLC

    Publication Date: 2020-01-15
    Practice Area: Contracts | Damages
    Industry: Energy
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Bradley R. Aronstam, S. Michael Sirkin, and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Joseph S. Allerhand, Seth Goodchild, and Tania C. Matsuoka, Weil, Gotshal & Manges LLP, New York, NY; Mark W. Friedman, William H. Taft V, Carl Micarelli, and Lisa Wang Lachowicz, Debevoise & Plimpton LLP, New York, NY for plaintiffs.
    for defendant: Joseph B. Cicero and Gregory E. Stuhlman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Joseph J. LoBue and Helene Gogadze, Sheppard, Mullin, Richter & Hampton LLP, Washington, DC for defendant.

    Case Number: D68838

    Second arbitration enjoined to the extent it constituted collateral attack on damages award from prior arbitration between the parties, but plaintiff's claim pled but not decided in first arbitration could proceed to a determination on arbitrability.

  • LVI Group Inv., LLC v. NCM Group Holdings, LLC

    Publication Date: 2020-01-15
    Practice Area: Mergers and Acquisitions
    Industry: Construction
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Rudolf Koch, Matthew W. Murphy and Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Steven C. Flors-heim, Greg Shinall, Daniel A. Shmikler, Michael G. Dickler and Trevor K. Scheetz, Sperling & Slater, P.C. , Chicago, IL for plaintiff.
    for defendant: Richard D. Heins and Philip Trainer, Jr., Ashby & Geddes, Wilmington, DE; Stephen Novack, Donald A. Tarkington, Andrew D. Campbell, Elizabeth C. Wolicki and Yvette V. Mishev, Novack and Macey LLP, Chicago, IL for defendants NCM Group, Ev-ergreen Pacific Partners entities, Brillon, Nibarger and Bernardez. Peter B. Ladig, Bayard P.A., Wilmington, DE for NCM Group as to claims against counter-defendants. John A. Sensing, Potter Anderson & Corroon LLP, Wilmington, DE; John J. Quinn, Law Office of John J. Quinn; Dylan P. Kletter and Kelsey D. Bond, Brown Rudnick LLP, Hartford, CT for defendant Khara. Thomas A. Uebler and Kerry M. Porter, McCollum D’Emilio Smith Uebler LLC, Wilmington, DE; Jeffrey H. Bergman, Mandell Menkes LLC, Chicago, IL for counter-defendants.

    Case Number: D68841

    The court granted some of the parties' summary judgment motions in this fraud matter, but denied others due to disputed is-sues of fact.

  • Morrison v. Berry

    Publication Date: 2020-01-15
    Practice Area: Corporate Governance
    Industry: Food and Beverage | Investments and Investment Advisory | Retail
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA for plaintiff.
    for defendant: Rudolf Koch, Matthew D. Perri and John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Adam L. Sisitsky, Lavinia M. Weizel, Robert I. Bodian and Scott A. Rader, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY and Boston, MA for independent director defendants. William B. Chandler III, Bradley D. Sorrels, Lindsay K. Faccenda and Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE for defendant Duggan. Patricia L. Enerio, Jamie L. Brown and Gillian L. Andrews, Heyman Enerio Gattuso & Hirzell LLP, Wilmington, DE for defendant Anicetti. Kevin G. Abrams, J. Peter Shindel, Jr. and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Matthew A. Schwartz and Joshua S. Levy, Sullivan & Cromwell LLP, New York, NY for J.P. Morgan defendants. William M. Lafferty, S. Mark Hurd, Thomas W. Briggs, Jr., Richard Li and Elizabeth A. Mullin, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Stuart W. Gold and Richard W. Clary, Cravath, Swaine & Moore LLP, New York, NY for defendant Cravath, Swaine & Moore LLP. Kevin R. Shannon, Matthew F. Davis and Nicholas S. Prust, Potter Anderson & Corroon LLP, Wilmington, DE; Jonathan Rosenberg and Abby F. Rudzin, O’Melveny & Myers LLP, New York, NY for Apollo defendants. John L. Reed, Peter H. Kyle and David Clarke, Jr., DLA Piper LLP, Wilmington, DE and Washington, DC for Berry defendants.

    Case Number: D68842

    The court granted defendant directors' motions to dismiss.

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  • Stanco v. Rallye Motors Holding, LLC

    Publication Date: 2020-01-08
    Practice Area: Corporate Entities
    Industry: Automotive | Retail
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: John P. DiTomo, Elizabeth A. Mullin and Emily Bryant-Alvarez, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Mi-chael C. Marsh, Ryan Roman, Donnie King and Chanelle Artiles, Akerman LLP, Miami, FL for plaintiff.
    for defendant: Timothy R. Dudderar and Robert J. Kumor, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.

    Case Number: D68837

    The court denied a limited liability company's motion to dismiss this book and records matter, because Delaware law allowed a member to make such a request, and nothing in the LLC agreement waived plaintiff's right to pursue such documents in a Dela-ware court.

  • Garfield v. Blackrock Mortgage Ventures, LLC

    Publication Date: 2020-01-08
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Jason M. Leviton, Joel A. Fleming, Amanda R. Crawford, Block & Leviton LLP, Boston, MA for plaintiff.
    for defendant: Kenneth J. Nachbar, Morris Nichols Arsht & Tunnell, Wilmington, DE; Deborah S. Birnbach, Jennifer B. Luz, Katherine B. Dacey, Goodwin Procter LLP, Boston, MA; Kevin R. Shannon, Berton W. Ashman, Jr., Callan R. Jackson, Potter Andersoon & Corroon LLP, Wilmington, DE; John P. Coffey, Adina C. Levine, Kramer Levin Naftalis & Frankel LLP, New York, NY; David E. Ross, S. Michael Sirkin, Ross Aronstam & Moritz LLP, Wilmington, DE for defendant.

    Case Number: D68832

    Corporate restructuring transaction was subject to entire fairness review rather than receiving the benefit of the business judgment rule where two large stockholders formed controller group who received special benefits from the reorganization that ordinary stockholders did not receive.

  • Channel Medsystems, Inc. v. Boston Scientific Corp.

    Publication Date: 2020-01-01
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Manufacturing
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; William M. Lafferty, Thomas W. Briggs, Jr., and Richard Li, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Andrew G. Gordon, Jaren Janghorbani, Paul A. Paterson, and Andrew J. Markquart, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for plaintiff.
    for defendant: Karen L. Pascale, James M. Yoch, Jr., and Paul J. Loughman, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Matthew M. Wolf, Edward Han, Amy DeWitt, Tara Williamson, William Louden, and William Young, Jr., Arnold & Porter Kaye Scholer LLP, Washington, DC, for defendant.

    Case Number: D68822

    Acquiring company breached merger agreement by failing to use commercially reasonable efforts to close where inaccuracies in merger agreement representations did not constitute a materially adverse event for the target company.

  • Carr v. Global Payments, Inc.

    Publication Date: 2019-12-25
    Practice Area: Labor Law
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: A. Thompson Bayliss and Adam K. Schulman, Abrams & Bayliss LLP, Wilmington, DE; Peter L. Welsh and Paul S. Kellogg, Ropes & Gray LLP, Boston, MA for plaintiff.
    for defendant: T. Brad Davey and Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; David L. Feinberg and Fredric J. Bold, Jr., Bondurant Mixon & Elmore, LLP, Atlanta, GA for defendant.

    Case Number: D68815

    Former employer's amendment of breach of contract claim to remove all references to misuse of confidential information brought the claim outside the scope of the employer's indemnification obligations to its former employee for litigation that pertained to the employee's role as a director and officer.

  • J.P. Morgan Trust Co. of Delaware v. Fisher

    Publication Date: 2019-12-18
    Practice Area: Trusts and Estates
    Industry: Financial Services and Banking | Legal Services
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Richard L. Renck, Oderah C. Nwaeze and Jocelyn M. Borowsky, Duane Morris LLP, Wilmington, DE for petitioner.
    for defendant: Jeffrey S. Goddess, Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Michael H. Friedman, Kurzman Eisenberg Corbin & Lever, LLP, White Plains, NY for respondent Hadley Fisher. Christopher P. Simon and Kevin S. Mann, Cross & Simon LLC, guardian ad litem for Michael Fisher.

    Case Number: D68810

    A trust beneficiary was entitled to the production of documents relating to a trustee's communications with counsel regarding trust administration.