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Publication Date: 2021-06-23
Practice Area: Contractual Disputes
Industry: Financial Services and Banking | Insurance
Court: U.S. District Court of Delaware
Judge: District Judge Bibas
Attorneys: For plaintiff: John C. Phillips, Jr., David A. Bilson, Phillips McLaughlin & Hall, P.A., Wilmington, DE; Gabriela Richeimer, Justin Levy, Clyde & Co. LLP, Washington, DC; Barry M. Klayman, Cozen O’Connor, Wilmington, DE for plaintiffs.
for defendant: Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; John C. Goodchild III, Su Jin Kim, Aman-da Lashner, Morgan, Lewis & Bockius LLP, Philadelphia, PA for defendant.
Case Number: D69442
The court granted buyer's motion for summary judgment because the parties' purchase agreement required seller to indemnify buyer, but buyer's insurer was not entitled to summary judgment.
Publication Date: 2021-06-23
Practice Area: Fee Disputes
Industry: Financial Services and Banking | Automotive
Court: Delaware Superior Court
Judge: Judge Jones
Attorneys: For plaintiff: Stephen A. Spence, Catherine M. Cramer, Baird Mandalas Brockstedt, LLC, Lewes, DE for appellant.
for defendant: Vivian A. Houghton, Law Office of Vivian A. Houghton, Wilmington, DE; Robert F. Salvin, Bala Cynwyd, PA for appellees.
Case Number: D69439
Application to trial court for statutory fee shifting for appellee work was not time-barred where litigants requested remand for entry of judgment and to file applications for fees, while the appellate courts' decisions remanded the matter back to the trial court for further proceedings.
Publication Date: 2021-06-16
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Kevin J. Mangan, Nicholas T. Verna, Womble Bond Dickinson (US) LLP, Wilmington, DE; Edward S. Weil, Melanie J. Chico, Mark A. Silverman, Dykema Gossett PLLC, Chicago, IL for plaintiff.
for defendant: Raymond H. Lemisch, Sean M. Brennecke, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE; Michael Granne, Provenzano Granne & Bader LLP, New York, NY; Matthew B. Lunn, Mary F. Dugan, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; David E. Wilks, Andrea S. Brooks, Julie M. O’Dell, Wilks, Lukoff & Bracegirdle, LLC, Wilmington, DE for defendants.
Case Number: D69430
Claims arising from defendants' entering into side agreements that purportedly interfered with plaintiff's security interest were dismissed where plaintiff failed to plead facts sufficient to show bad faith or that it induced the entry into the side agreements.
Publication Date: 2021-06-09
Practice Area: Real Estate
Industry: Financial Services and Banking | Real Estate
Court: Delaware Superior Court
Judge: Judge Jurden
Attorneys: For plaintiff: David A. White, Matthew J. Rufino, McCarter & English, LLP, Wilmington, DE for plaintiffs.
for defendant: Jared T. Green, R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE for defendant.
Case Number: D69427
Where plaintiffs delayed approximately seven years before terminating a lease for nonpayment of rent, they breached an agreement, but factual questions remained on the issue of waiver, so the court declined to grant judgment in favor of defendant.
Publication Date: 2021-06-09
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Energy | Real Estate
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Maria Aprile Sawczuk, Goldstein & McClintock, LLP, Wilmington, DE; George A. Barton, Taylor P. Foye, Barton and Burrows, LLC, Mission, KS for royalty claimants.
for defendant: Robert S. Brady, Edmon L. Morton, Kenneth J. Enos, Joseph M. Mulvihill, Young Conaway Stargatt & Tay-lor, LLP, Wilmington, DE; Duston K. McFaul, Maegan Quejada, Sidley Austin LLP, Houston, TX; David Kronenberg, Sidley Austin LLP, Washington, DC; Robert S. Velevis, Sidley Austin LLP, Dallas, TX for wind-down debtor. John H. Knight, Amanda R. Steele, David T. Queroli, Richards, Layton & Finger, P.A., Wilmington, DE; Ana Alfonso, Erin Ryan, Wilkie Farr & Gallagher LLP, New York, NY for Wells Fargo Bank.
Case Number: D69426
Royalty claimants were not entitled to an emergency stay in this appeal because they failed to show irrepa-rable harm or a likelihood of success.
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Publication Date: 2021-06-02
Practice Area: Contractual Disputes
Industry: Financial Services and Banking | Manufacturing
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: David L. Finger, Finger & Slanina, LLC, Wilmington, DE for plaintiff.
for defendant: John L. Reed, Peter H, Kyle, DLA Piper LLP (US), Wilmington, DE; Brian A. Foster, Julie Gryce, DLA Piper LLP (US), San Diego, CA for defendants.
Case Number: D69418
The Delaware Supreme Court concluded that the lower court did not abuse its discretion in staying this ac-tion to permit plaintiff to file an action in a more convenient forum.
Publication Date: 2021-05-05
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking
Court: U.S. District Court of Delaware
Judge: District Judge Bibas
Attorneys: For plaintiff: Ricky R. Franklin, Stockbridge, GA, pro se plaintiff.
for defendant: Joelle Eileen Polesky, Stradley Ronon Stevens & Young, LLP, Wilmington, DE for defendant.
Case Number: D69384
Supreme Court's striking down of the government debt exception to Telephone Consumer Protection Act ban on robocalls as unconstitutional rendered the law void, such that defendant could not rely on that law to avoid liability.
Publication Date: 2021-04-21
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking | Federal Government
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Gabriel S.H. Hopkins, Jane M.E. Peterson, Stephen C. Jacques, Consumer Financial Protection Bureau, Washington, DC for plaintiff.
for defendant: Kurt M. Heyman, Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Erik W. Haas, Peter W. Tomlinson, Joshua Kipnees, George A. LoBiondo, Jared Buszin, Devon Hercher, Peter Shakro, Patterson Belknap Webb & Tyler LLP, New York, NY; Stacey A. Scrivani, Stevens & Lee, P.C., Wilmington, DE; Nicholas H. Pennington, Stevens & Lee, P.C., King of Prussia, PA; Stephen B. Brauerman, Jason C. Jowers, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE for intervenors.
Case Number: D69366
Where CFPB director lacked constitutional authority to initiate an enforcement action, failure of the agency to take diligent action to preserve its enforcement rights meant that ratification by validly appointed director outside the statute of limitation was untimely.
Publication Date: 2021-04-14
Practice Area: Corporate Governance
Industry: Financial Services and Banking | E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Brian J. Robbins, Stephen J. Oddo, Emily R. Bishop, Robbins LLP, San Diego, CA for plaintiff.
for defendant: A. Thompson Bayliss, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; James N. Kramer, Alexander K. Talarides, Orrick Herrington & Sutcliffe LLP, San Francisco, CA for defendants.
Case Number: D69359
Derivative complaint dismissed for failure to make pre-suit demand where lack of evidence that a majority of directors acted knowingly and deliberately in permitting the company to violate consumer protection laws or providing false and misleading information to the public meant that directors were exculpated from bad faith claims and therefore faced no substantial likelihood of personal liability and could independently evaluate a litigation demand.
Publication Date: 2021-03-31
Practice Area: Corporate Entities
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Lewis H. Lazarus, K. Tyler O’Connell, Bryan Townsend, Morris James LLP, Wilmington, DE; Aryeh S. Portnoy, Emily Alban, Crowell & Moring LLP, Washington, DC for plaintiff.
for defendant: S. Mark Hurd, Alexandra M. Cummings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Michael T. Sullivan, David E. Danovitch, Clark A. Freeman, Sullivan & Worcester LLP, New York, NY for defendant.
Case Number: D69345
The plain language of a contract provided that a holder of preferred stock was entitled to dividends at a higher rate in perpetuity.
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