• Western Standard, LLC v. SourceHOV Holdings, Inc.

    Publication Date: 2019-08-07
    Practice Area: Contractual Disputes
    Industry: E-Commerce | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Matthew W. Murphy and Anthony M. Calvano, Richards, Layton & Finger, P.A., Wilmington, DE; Samuel J. Lieberman, Sadis & Goldberg LLP, New York, NY for plaintiff.
    for defendant: T. Brad Davey, Matthew F. Davis and Kody M. Sparks, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: D68660

    Contractual ambiguity prevented the court from dismissing plaintiff's claim for enforcement of an earn-out provision.

  • Kilcullen v. Spectro Scientific, Inc.

    Publication Date: 2019-07-31
    Practice Area: Deals and Transactions
    Industry: Automotive | Manufacturing | Software
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kevin G. Abrams, J. Peter Shindel, Jr. and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Herbert J. Stern and Brian J. DeBoer, Stern Kilcullen & Rufolo LLC, Florham Park, NJ for plaintiff.
    for defendant: Raymond J. DiCamillo and Kevin M. Gallagher, Richards, Layton & Finder, P.A., Wilmington, DE; John J. Tumilty and Amanda R. Phillips, Morse, Barnes-Brown & Pendleton, P.C., Waltham, MA for defendant.

    Case Number: D68651

    The statute of limitations barred most of a buyer's indemnity claims.

  • In re: Appraisal of Jarden Corp.

    Publication Date: 2019-07-31
    Practice Area: Mergers and Acquisitions
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Stuart M. Grant, Cynthia M. Calder, Kimberly A. Evans, Kelly L. Tucker and Vivek Upadhya, Grant & Eisenhofer P.A., Wil-mington, DE for petitioners.
    for defendant: Srinivas M. Raju, Brock E. Czeschin, Robert L. Burns, Sarah A. Clark and Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Walter W. Davis, Michael J. McConnell and Robert A. Watts, Jones Day, Atlanta, GA for Jarden Cor-poration.

    Case Number: D68650

    In this statutory appraisal matter, the court made its own independent discounted cash flow analysis to arrive at the fair val-ue of petitioners' shares as of the merger date.

  • Clark v. Davenport

    Publication Date: 2019-07-31
    Practice Area: Business Torts
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Robert A. Penza and Christina M. Belitz, Polsinelli PC, Wilmington, DE for plaintiff.
    for defendant: Andrew D. Cordo, F. Troupe Mickler IV, and Hayley M. Lenahan, Ashby & Geddes, P.A., Wilmington, DE; David A. Felice, Bailey & Glasser, LLP, Wilmington, DE for defendants.

    Case Number: D68647

    Fraud claims arising from investment in business sustained where plaintiff alleged defendant made specific misrepresentations to induce plaintiff's investment.

  • Ephrat v. medCPU, Inc.

    Publication Date: 2019-07-24
    Practice Area: Labor Law
    Industry: Software
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Douglas D. Herrman, James H.S. Levine, Ellis E. Herington and Jay A. Dubow, Pepper Hamilton LLP, Wilmington, DE and Philadelphia, PA for petitioners.
    for defendant: Patricia L. Enerio and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Adam P. Samansky, Frank J. Earley and Andre Cizmarik, Mintz, Levin, Cohn, Ferris, Glovsky and Pope, P.C., Boston, MA and New York, NY for respondent.

    Case Number: D68639

    Former directors and officers were entitled to some advancement under former employer's corporate charter where employer's allegations of misappropriation of confidential information and property arose, at least in part, from the former directors' and officers' status as directors and officers to which they were entitled advancement for claims arising from such status.

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    California Legal Malpractice Law 2014

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  • JPMorgan Chase Bank, N.A. v. Ballard

    Publication Date: 2019-07-24
    Practice Area: Patent Licensing and Transactions
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Gregory P. Williams and John D. Hendershot, Richards, Layton & Finder, P.A., Wilmington, DE; Zachary G. Newman, Annie P. Kubic, and Steven R. Aquino, Hahn & Hessen LLP, New York, NY for plaintiff.
    for defendant: Michael A. Weidinger and Elizabeth Wilburn Joyve, Pinckney, Weidinger, Urban & Joyve LLC, Greenville, DE; Andrew D. Cordo, Ashby & Geddes, P.A., Wilmington, DE; Rachel A. Kerlek, Woods, Weidenmiller, Michetti & Rudnick, LLP, Naples, FL for defendants.

    Case Number: D68640

    Although having claim against corporation sufficient to confer §174 standing, claim was untimely where the six-year limitations period was a statute of repose not subject to tolling.

  • Sciabacucchi v. Salzberg

    Publication Date: 2019-07-24
    Practice Area: Attorney Rates and Arrangements | Corporate Entities
    Industry: Consumer Products | Food and Beverage | Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kurt M. Heyman and Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Jason M. Leviton and Joel A. Fleming, Block & Leviton LLP, Boston, MA for plaintiff.
    for defendant: William B. Chandler III, Randy J. Holland, Bradley D. Sorrels, Lindsay Kwoka Faccenda, Boris Feldman and David J. Berger, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE and Palo Alto, CA for defendants Lake, Anderson, Gurley, Hansen, McCollam, Wood, Ahuja, Carolan, Hastings, Hendricks, Hunt, Leff, Rothrock and nominal defendants Stitch Fix, Inc. and Roku, Inc. Catherine G. Dearlove and Sarah T. Andrade, Richards, Layton & Finger, P.A., Wilmington, DE; Michael G. Bon-giorno and Timothy J. Perla, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY and Boston, MA for defendants Salz-berg, Bradley, Cool, Fox, Goodman, Hirshberg, Kelley and nominal defendant Blue Apron Holdings, Inc.

    Case Number: D68642

    The attorney fees sought by plaintiff were reasonable, so the court ordered each of the nominal defendants to pay one-third of the award.

  • Saba Capital Master Fund, Ltd. v. BlackRock Credit Allocation Income Trust

    Publication Date: 2019-07-17
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Carmella P. Keener of Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Carol S. Shahmoon and Gregory E. Keller, Shahmoon Keller PLLC, Great Neck NY for plaintiff.
    for defendant: William M. Lafferty, D. McKinley Measley, Thomas P. Will and Lauren P. Russell, Morris, Nichols, Arsht & Tunnell LLP, Wil-mington, DE; Tariq Mundiya, Sameer Advani, Alexander L. Cheney and Brittany M. Wagonheim, Wilkie Farr & Gallagher LLP, New York, NY for BlackRock Credit Allocation Income Trust and BlackRock New York Municipal Bond Trust. Robert S. Saunders, Ronald N. Brown, III and Eben P. Colby, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, DE and Boston MA for BlackRock Advisors, LLC, Robert Fairbairn and John Perlowski. Gregory P. Williams and Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE; John S. Kiernan and Jeremy Feigelson, Debevoise & Plimpton LLP, New York, NY for remaining defendants.

    Case Number: D68635

    The court held that companies could not invalidate a shareholder's nominees due to the failure to return an overly broad ques-tionnaire within a short time frame, and the court further required that votes in favor of the shareholder's nominees should be counted at the next annual meetings.

  • GKC Strategic Value Master Fund, LP v. Baker Hughes Inc.

    Publication Date: 2019-07-17
    Practice Area: Civil Procedure
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Ned Weinberger, Thomas Curry, Eric J. Belfi, Ira A. Schochet and David J. Schwartz, Labaton Sucharow LLP, Wilmington, DE and New York, NY for petitioners.
    for defendant: Kevin M. Coen and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Arthur F. Golden, Andrew Ditchfield and Andrew S. Gehring, Davis Polk & Wardwell LLP, New York, NY for respondent. John D. Hendershot and Susan M. Hannigan, Richards, Layton & Finger, P.A., Wilmington, DE; Paula Anderson and Alan Goudiss, Shearman & Sterling LLP, New York, NY for third-party General Elec. Co. Mark Lebovitch, Bernstein Litowitz Berger & Grossman LLP, New York, NY for non-party Tri-State Joint Fund.

    Case Number: D68633

    Where respondents failed to timely file confidential documents redacted in good faith, the court held that unredacted versions of the documents should be made available in the public record of the case.

  • Perlman v. Vox Media, Inc.

    Publication Date: 2019-07-17
    Practice Area: Business Torts
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Matthew E. Fischer, Jacob R. Kirkham and Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE for plain-tiffs.
    for defendant: Peter L. Frattarelli, Archer & Greiner, P.C., Wilmington, DE; James Rosenfeld and Jeremy A. Chase, Davis Wright Tremaine LLP, New York, NY for defendant.

    Case Number: D68634

    The Court of Chancery lacked subject matter jurisdiction to adjudicate defamation claims, so the court granted defendant's motion for summary judgment, subject to plaintiff's right to transfer the case to Superior Court.