• Genuine Parts Co. v. Essendant Inc.

    Publication Date: 2019-09-25
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Kenneth J. Nachbar, William M. Lafferty, and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Richard T. Marooney, Israel Dahan, and Peter Isajiw, King & Spalding LLP, New York, NY; Jeremy M. Bylund, King & Spalding LLP, Washington, DC for plaintiff.
    for defendant: Gregory P. Williams, Lisa A. Schmidt, Matthew D. Perri, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Matthew Solum and Ian Spain, Kirkland & Ellis LLP, New York, NY for defendant.

    Case Number: D68712

    Counterparty in merger agreement was entitled to pursue a breach of contract claim despite accepting contractual termination fee where counterparty alleged that terminating party had breached the non-solicitation provisions by inviting a superior offer from a competing bidder.

  • Wenske v. Blue Bell Creameries, Inc.

    Publication Date: 2019-09-11
    Practice Area: Corporate Governance
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Jessica Zeldin, Monhait & Goddess, P.A., Wilmington, DE; Scott G. Burdine and Davie E. Wynne, Burdine Wynne LLP, Hou-ston, TX for plaintiffs.
    for defendant: Timothy R. Dudderar, Potter Anderson & Corroon LLP, Wilmington, DE for defendants Blue Bell Creameries, U.S.A., Inc., Jim Kruse, Howard Kruse, Dickson, Rankin, Markwardt, Barhill, Ehlert, MacInerney and Ryan. Srinivas M. Raju and Kelly L. Freund, Richards, Layton & Finger, P.A., Wilmington, DE for defendants Bridges and Paul Kruse. Paul A. Fioravanti, Jr. and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Hugh C. Connor II, Michael D. Anderson and Caleb B. Bulls, Kelly Hart & Hallman, LLP, Fort Worth, TX for defendants Blue Bell Creameries, Inc. and Blue Bell Creameries, U.S.A., Inc. Joseph B. Cicero and Gregory E. Stuhlman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE for Blue Bell Creameries L.P. Michael J. Maimone and Jospeh C. Schoell, Drinker Biddle and Reath LLP, Wilmington, DE for Special Litig. Comm. of Blue Bell Creameries, L.P.

    Case Number: D68701

    Agency principles prevented a special litigation committee from having authority to manage this derivative litigation, because the court had previously held that the sole general partner which created the committee had a disabling interest.

  • Kosinski v. GGP Inc.

    Publication Date: 2019-09-11
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Seth D. Rigrodsky, Brian D. Long and Gina M. Serra, Rigrodsky & Long, P.A, Wilmington, DE; Carl L. Stine and Adam J. Blander, Wolf Popper LLP, New York, NY for plaintiff.
    for defendant: Kevin G. Abrams, John M. Seaman and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; John A. Neuwirth, Evert J. Christensen, Jr., Seth Goodchild and Matthew S. Connors of Weil, Gotshal & Manges LLP for defendant.

    Case Number: D68697

    A stockholder established a proper purpose, so he was entitled to inspect books and records regarding the value of his shares and possible corporate wrongdoing.

  • Eagle Force Holdings, LLC v. Campbell

    Publication Date: 2019-09-11
    Practice Area: Corporate Entities
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE, Harold M. Walter and Angela D. Pallozzi, Offit Kurman, P.A., Baltimore, MD for plaintiffs.
    for defendant: David L. Finger, Finger & Slanina, LLC, Wilmington, DE, for defendant.

    Case Number: D68695

    Parties' prior practice of signing draft transaction documents to acknowledge receipt overcame presumption that signature manifested intent to be contractually bound, such that plaintiffs failed to prove defendant's intent to be bound to agreements that provided choice of forum clause.

  • NuVasive, Inc. v. Miles

    Publication Date: 2019-09-11
    Practice Area: Contractual Disputes
    Industry: Health Care | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Philip Trainer, Jr. and Aaron P. Sayers, Ashby & Geddes, Wilmington, DE; Rachel B. Cowen, Michael J. Sheehan and Emory D. Moore, Jr., McDermott Will & Emery, Chicago, IL; Christopher W. Cardwell, Gullet, Sanford, Robinson & Martin, Nash-ville, TN for plaintiff.
    for defendant: Philip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; Micha Danzig, Eric J. Eastham and Paul M. Huston, Mintz Levin Cohn Ferris Glovsky & Popeo, P.C., San Diego, CA for defendant.

    Case Number: D68699

    Although the parties' employment contract contained a choice of law provision in favor of Delaware, another state's public policy disfavored restraints on trade, so that state had a materially greater interest than Delaware with respect to the contract's non-solicitation and non-compete provisions.

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  • In re: Appraisal of Stillwater Mining Co.

    Publication Date: 2019-09-04
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Samuel T. Hirzel, II, Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Lawrence M. Rolnick, Steven M. Hecht, Jonathan M. Kass and Glenn McGillivray, Lowenstein Sandler LLP, New York, NY for petitioners.
    for defendant: S. Mark Hurd and Lauren Neal Bennett, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; James R. Warnot, Jr., Adam S. Lurie, Brenda D. DiLuigi, Nicole E. Jerry and Elizabeth M. Raulston, Linklaters LLP, New York, NY for respondent.

    Case Number: D68690

    In this statutory appraisal proceeding, the court concluded that the deal price was the most persuasive indicator of fair value at the time of the merger.

  • Kotler v. Shipman Assoc., LLC

    Publication Date: 2019-09-04
    Practice Area: Contractual Disputes
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: A. Thompson Bayliss, Adam K. Schulman and Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; Steve Wolosky and Renée M. Zaytsev, Olshan Frome Wolosky LLP, New York, NY for plaintiff.
    for defendant: Blake Rohrbacker, Kevin M. Gallagher, John M. O’Toole and Ryan D. Konstanzer, Richards Layton & Finger, P.A., Wilming-ton, DE for defendant.

    Case Number: D68691

    The parties failed to reach a meeting of the minds regarding a material term of their contract, so the court decided in favor of defendant on plaintiff's breach of contract claim.

  • Urdan v. WR Capital Partners, LLC

    Publication Date: 2019-09-04
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Elena C. Norman, Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Louis R. Miller, Daniel S. Mil-ler and Jeffery B. White, Miller Barondess, LLP, Los Angeles, CA for plaintiffs.
    for defendant: Kenneth J. Nachbar and Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE for defendants.

    Case Number: D68693

    A release provision in a settlement agreement was not effective to preserve plaintiffs' rights to pursue derivative or direct claims, because they had already sold their shares pursuant to separate repurchase agreements.

  • Preston Hollow Capital LLC v. Nuveen LLC

    Publication Date: 2019-08-28
    Practice Area: Business Torts
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: R. Judson Scaggs, Jr., Barnaby Grzaslewicz and Elizabeth A. Mullin, Morris Nichols Arsht & Tunnel, Wilmington, DE; David H. Wollmuth, R. Scott Thompson, Michael C. Ledley, Sean P. McGonigle, William A. Maher, Nicole C. Rende and Jay S. Han-dlin, Wollmuth Maher & Deutsch LLP, New York, NY for plaintiff.
    for defendant: Peter J. Walsh, Jr., Jennifer C. Wasson, David A. Seal and Robert J. Kumor, Potter Anderson & Corroon LLP, Wilmington, DE; Eva W. Cole, John E. Schreiber, Molly M. Donovan, Joseph A. Litman and Mikaela E. Evans-Aziz, Winston & Strawn LLP, New York, NY for defendants.

    Case Number: D68682

    The chancery court, as a court of equity, could not enjoin future defamatory statements.

  • Manti Holdings, LLC v. Authentix Acquisition Co., Inc.

    Publication Date: 2019-08-28
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: John L. Reed, DLA Piper LLP, Wilmington, DE for petitioner.
    for defendant: Samuel A. Nolen, Richards, Layton & Finger, P.A., Wilmington, DE for respondent.

    Case Number: D68680

    Sophisticated stockholders could contractually waive statutory appraisal rights for a future transaction not yet contemplated where such waiver was expressly clear.