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  • LGM Holdings, LLC v. Schurder

    Publication Date: 2024-07-23
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale | Pharmaceuticals
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff: Thomas E. Hanson, Jr., Barnes & Thornburg LLP, Wilmington, DE; Eric Sussman, Denise Lazar, Barnes & Thornburg LLP, Chicago, IL for plaintiffs.
    for defendant: John M. Seaman, Florentina D. Field, Abrams & Bayliss LLP, Wilmington, DE; Travis S. Hunter, Richards, Layton & Finger, P.A., Wilmington, DE; Michael J. Payne, Frankel, Rubin, Klein, Payne & Pudlowski, P.C., St. Louis, MO for defendants.
    Case Number: N23C-09-011 EMD CCLD

    Buyers waived their fraud claims against sellers by averring in a subsequent letter agreement that buyers' losses arose from sellers' breaches of representations and warranties, and buyers failed to file an indemnity lawsuit within the applicable survival period.

  • Premium Choice Ins. Serv. v. Innovative Fin. Group Holdings, LLC

    Publication Date: 2024-07-23
    Practice Area: Contracts
    Industry: Insurance
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: Geoffrey G. Grivner, Kody M. Sparks, Buchanan Ingersoll & Rooney PC, Wilmington, DE; Benjamin N. Gluck, Oliver Rocos, Barr Benyamin, Bird Marella LLP, Los Angeles, CA for plaintiff.
    for defendant: Alexandra M. Cummings, Sara Carnahan, Morris, Nichols, Arsht & Tunnel LLP, Wilmington, DE; Scott C. Solberg, Gregory M. Schweizer, Caroline P. Malone, Eimer Stahl LLP, Chicago, IL for defendants.
    Case Number: N24C-01-006 PRW CCLD

    Court allowed plaintiff to pursue breach of contract and implied covenant claims alternatively where there were factual disputes over whether defendant had retracted its repudiation and which remedy plaintiff elected in response to defendant's actions.

  • Getzler v. River Run Foods (DE), LLC

    Publication Date: 2024-07-16
    Practice Area: Securities Litigation
    Industry: Food and Beverage | Investments and Investment Advisory | Manufacturing
    Court: Delaware Superior Court
    Judge: Judge Brennan
    Attorneys: For plaintiff: Andrew L. Cole, Stacy L. Newman, Michael E. Fitzpatrick, Nathaniel J. Klepser, Cole Schotz PC, Wilmington, DE; J. Michael Pardoe, Cole Schotz PC, Baltimore, MD for plaintiffs.
    for defendant: Marc Casarino, Katie Barksdale, Kennedys CMK LLP, Wilmington, DE for defendants.
    Case Number: N23C-02-086 DJB

    Investment fraud claims failed where alleged misrepresentations did not constitute actionable fraud and plaintiffs could not plead justifiable reliance due to their failure as sophisticated parties to conduct due diligence into the company's financials and business operations.

  • Channel PES Acquisition Co., LLC v. Heritage-Crystal Clean, Inc.

    Publication Date: 2024-07-16
    Practice Area: Mergers and Acquisitions
    Industry: Chemicals and Materials | Investments and Investment Advisory
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: Stamatios Stamoulis, Richard C. Weinblatt, Stamoulis & Weinblatt LLC, Wilmington, DE; Richard A. Schwartz, Ross LLP, Los Angeles, CA for plaintiff.
    for defendant: John P. DiTomo, Alec F. Hoeschel, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Brian J. Massengill, Matthew E. Fenn, Mayer Brown LLP, Chicago, IL for defendant.
    Case Number: N23C-08-206 MAA CCLD

    Claims connected to the process of calculation and payment fell within scope of parties' limited arbitration clause covering the calculation of payment for acquired company following post-closing true-up.

  • Pinnacle IV, L.P. v. Cyberlabs AI Holdings Ltd.

    Publication Date: 2024-07-16
    Practice Area: Mergers and Acquisitions
    Industry: Advertising | Software | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: Andrew D. Cordo, Andrew D. Berni, Joshua A. Manning, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE for plaintiff.
    for defendant: Berton W. Ashman, Jr., Jesse L. Noa, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; Michael J. Baratz, Patrick F. Linehan, Steptoe LLP, Washington, DC for defendants.
    Case Number: N23C-04-021 MAA CCLD

    Court granted judgment to enforce promissory note where affirmative defenses/counterclaims of fraud failed as plaintiff was not the principal of company officers who allegedly misrepresented company sales numbers.

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    New Jersey Estate Litigation 2014

    Authors: Michael R. Griffinger, Paul F. Cullum III

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  • The Cigna Group v. XL Specialty Ins. Co.

    Publication Date: 2024-07-09
    Practice Area: Insurance Law
    Industry: Insurance
    Court: Delaware Superior Court
    Judge: Judge Rennie
    Attorneys: For plaintiff: Jennifer C. Wasson, Carla M. Jones, Ryan D. Kingshill, Potter Anderson & Corroon LLP, Wilmington, DE; Brook Roberts, Drew Gardiner, Christine Rolph, James Tabb, Jessica England, Paula Moura, Latham & Watkins LLP, San Diego, CA & New York, NY for plaintiff.
    for defendant: Bruce E. Jameson, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Tammy Yuen, Rebecca Amdursky, Amber Locklear, Skarzynski Marick & Black LLP, New York, NY; Marc S. Casarino, Karine Sarkisian, Gary S. Kull, Kennedys CMK LLP, Wilmington, DE & Basking Ridge, NJ for defendants.
    Case Number: N23C-03-009 SKR CCLD

    Court denied motion to compel discovery to the extent that discovery requests sought documents irrelevant to the case or communications protected by attorney-client privilege.

  • Matrix Parent, Inc. v. Audax Mgmt. Co., LLC

    Publication Date: 2024-07-09
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: Elena C. Norman, Daniel M. Kirshenbaum, Michael A. Laukaitis, II, Young, Conaway, Stargatt, and Taylor LLP, Wilmington, DE; Michael S. Shuster, Vincent Levy, Holwell Shuster & Goldberg LLP, New York, NY for plaintiffs.
    for defendant: Kevin R. Shannon, Potter Anderson & Corroon LLP, Wilmington, DE; Kevin B. Huff, Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., Washington, DC; Michael Kendall, White & Case LLP, Boston, MA for defendants.
    Case Number: N23C-10-212 MAA CCLD

    Court declined to dismiss fraud claims in connection with stock purchase agreement where buyer adequately pled that defendant controllers were in a position to know of the fraudulent nature of seller's financials and where the company's alleged unlawful bookkeeping practices violated representations and warranties in the SPA.

  • Active Day OH, Inc. v. Wehr

    Publication Date: 2024-07-09
    Practice Area: Business Torts
    Industry: Health Care
    Court: Delaware Superior Court
    Judge: Judge Rennie
    Attorneys: For plaintiff: Margaret M. DiBianca, Clark Hill PLC, Wilmington, DE; John F. Marsh, Jolene S. Griffith, Bailey Cavalieri LLC, Columbus, OH; Tyler J. Dunphy, Active Day OH, Inc., Trevose, PA for plaintiffs.
    for defendant: Michael D. DeBaecke, Randall J. Teti, Ashby & Geddes, P.A., Wilmington, DE for defendants.
    Case Number: N22C-08-064 SKR CCLD

    Court denied defendants' summary judgment motion on breach of non-compete agreement where plaintiffs plausibly pled breach by alleging defendants assisted plaintiffs' former employee with establishing a competing business.

  • Talkdesk, Inc. v. DM Trans, LLC

    Publication Date: 2024-07-02
    Practice Area: Contracts
    Industry: Call Centers | Cargo and Shipping | E-Commerce | Software
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: Peter H. Kyle, Daniel P. Klusman, DLA Piper LLP, Wilmington, DE; Matthew J. Jacobs, Jessica S. Heim, Emily Margolis, DLA Piper LLP, San Francisco, CA for plaintiff.
    for defendant: Rudolf Koch, Elizabeth J. Freud, Nicholas F. Mastria, Richards, Layton & Finger P.A., Wilmington, DE; Michael T. Jones, Ashley V. Hart, Holland & Knight LLP, Boston, MA for defendant.
    Case Number: N23C-08-005 MAA CCLD

    Court declined to dismiss breach of contract claims where defendant adequately alleged that plaintiff's services failed to achieve the bargained-for availability, with disputes over the calculation of availability requiring further discovery.

  • SU-BE, LLC v. New Castle County Dep't of Land Use

    Publication Date: 2024-07-02
    Practice Area: Tax
    Industry: Agriculture | Construction | Real Estate | State and Local Government
    Court: Delaware Superior Court
    Judge: Judge Butler
    Attorneys: For plaintiff: Theodore A. Kittila, William E. Green, Halloran, Farkas, Kittila, LLP, Wilmington, DE for appellant.
    for defendant: Adam Singer, Judith Ann Hildick Mitchell, William C. Martin, New Castle County Law Department, Wilmington, DE for appellees.
    Case Number: N23A-05-005 CEB

    Court found no error in excluding portion of property from farmland exemption where evidence supported the finding that the enclosed portion was not being used for farming purposes.