• In re Solera Ins. Coverage Appeals

    Publication Date: 2020-11-11
    Practice Area: Insurance Law
    Industry: Insurance | Software
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: John L. Reed, Matthew Denn, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP, Wilmington, DE; Gregory F. Fischer, Cozen O’Connor, Wilmington, DE; Angelo G. Savino, Cozen O’Connor, New York, NY; Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Scott B. Schrieber, James W. Thomas, Jr, William C. Purdue, Jennifer Wieboldt, Arnold & Porter Kay Scholer LLP , Washington, DC; R. Reeves Anderson, Arnold & Porter Kay Scholer LLP, Denver, CO for appellants.
    for defendant: David J. Baldwin, Berger Harris LLP, Wilmington, DE; Peter M. Gillon, Alexander D. Hardiman, Tamara D. Bruno, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC for appellee.

    Case Number: D69186

    A statutory appraisal action under 8 Del. C. §262 did not constitute a securities claim, so excess insurers were entitled to summary judgment. Reversed.

  • XL Ins. Am., Inc. v. Noranda Aluminum Holding Corp.

    Publication Date: 2020-10-28
    Practice Area: Insurance Law
    Industry: Insurance | Manufacturing
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Ilana H. Eisenstein, Rachel A.H. Horton, DLA Piper LLP (US), Philadelphia, PA; Aidan M. McCormack, DLA Piper LLP (US), New York, NY; John L. Reed, Matthew Denn and Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE for plaintiff.
    for defendant: David B. Goodwin, Christine S. Haskett, Covington & Burling LLP, San Francisco, CA; David J. Baldwin, Berger Harris LLP, Wilmington, DE for defendant.

    Case Number: D69173

    Expert testimony regarding lost earnings was consistent with the provisions of the business interruption coverage portion of the insurance policies.

  • Brigade Leveraged Capital Structures Fund Ltd. v. Stillwater Mining Co.

    Publication Date: 2020-10-28
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Delaware Supreme Court
    Judge: Justice Montgomery-Reeves
    Attorneys: For plaintiff: Samuel T. Hirzel, Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Lawrence M. Rolnick, Steven M. Hecht, Rolnick Kramer Sadighi LLP, New York, NY for appellants.
    for defendant: S. Mark Hurd, Lauren Neal Bennett, Morris, Nichols, Arsht & Tunell LLP, Wilmington, DE; James R. Warnot, Jr., Adam S. Lurie, Brenda D. DiLuigi, Nicole E. Jerry, Elizabeth M. Raulston, Linklaters LLP, New York, NY for appellee.

    Case Number: D69166

    Rejection of stockholders' appraisal action not an abuse of discretion where multiple indicia of reliability supported chancery court's decision to find deal price the most persuasive indicator of acquired company's value.

  • Windsor I, LLC v. CWCapital Asset Mgmt. LLC

    Publication Date: 2020-09-23
    Practice Area: Deals and Transactions
    Industry: Financial Services and Banking | Real Estate
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69133

    Plaintiff failed to state claims for promissory estoppel and unjust enrichment in connection with a proposed transaction which never materialized. Affirmed.

  • State Farm Mut. Auto Ins. Co. v. Spine Care Delaware, LLC

    Publication Date: 2020-09-23
    Practice Area: Insurance Law
    Industry: Health Care | Insurance
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: John S. Spadaro, John Sheehan Spadaro, LLC, Smyrna, DE for plaintiff.
    for defendant: Colin M. Shalk, Casarino Christman Shalk Ransom & Doss, P.A., Wilmington, DE; Kyle G.A. Wallace, Gavin Reinke, Alston & Bird LLP, Atlanta, GA for defendants.

    Case Number: D69132

    The Delaware Supreme Court held the lower court erred in holding that an insurer had the burden of proof with respect to the reasonableness of reductions in the amounts charged by a medical provider.

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  • Spanakos v. Pate

    Publication Date: 2020-08-19
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Montgomery-Reeves
    Attorneys: For plaintiff: Carl D. Neff and Kasey H. DeSantis, Fox Rothschild LLP, Wilmington, DE; Manuel A. Mesa, Mesa & Pepin, LLC, Miami, FL for petitioner.
    for defendant: Neil R. Lapinski, William M. Kelleher and Phillip A. Giordano, Gordon Fournaris & Mammarella, P.A., Wilmington, DE for respondents.

    Case Number: D69093

    Although a shareholder met the statutory prerequisites for a court-ordered election, the court properly rejected the petition because confusion existed regarding another state's orders.

  • Eagle Force Holdings, LLC v. Campbell

    Publication Date: 2020-08-05
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Harold M. Walter, Baltimore, MD for appellants.
    for defendant: David L. Finger, Finger and Slanina, LLC, Wilmington, DE for appellee.

    Case Number: D69054

    Court did not err in dismissing case for lack of personal jurisdiction where it found parties' contracts were not binding agreements as objective evidence demonstrated that the parties had not unambiguously manifested their intent to be bound to the agreements.

  • Hart v. Parker

    Publication Date: 2020-08-05
    Practice Area: Motor Vehicle Torts
    Industry: Insurance
    Court: Delaware Supreme Court
    Judge: Justice Montgomery-Reeves
    Attorneys: For plaintiff: Melissa L. Rhoads, Esquire, Tighe & Cottrell, P.A., Wilmington, DE for appellants.
    for defendant: Scott L. Silar, Esquire, Reger Rizzo & Darnell LLP, Wilmington, DE for appellees.

    Case Number: D69056

    Plaintiffs could bring claim against an estate outside the eight-month limitations period where judgment on such claims would be paid by a decedent's insurance carrier.

  • Murfey v. WHC Ventures LLC

    Publication Date: 2020-07-29
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Carl D. Neff and E. Chaney Hall, Fox Rothschild LLP, Wilmington, DE for plaintiff.
    for defendant: John J. Tumilty, Barnes-Brown & Pendleton, P.C., Waltham, MA; Raymond J. DiCamillo and John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.

    Case Number: D69067

    The chancery court erred by reading a "necessary and essential" requirement into a partnership books and records request.

  • Eagle Force Holdings, LLC v. Campbell

    Publication Date: 2020-07-22
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Harold M. Walter, Baltimore, MD for appellants.
    for defendant: David L. Finger, Finger and Slanina, LLC, Wilmington, DE for appellee.

    Case Number: D69054

    Court did not err in dismissing case for lack of personal jurisdiction where it found parties' contracts were not binding agreements as objective evidence demonstrated that the parties had not unambiguously manifested their intent to be bound to the agreements.