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Publication Date: 2020-12-23
Practice Area: Banking and Finance Laws
Industry: Financial Services and Banking
Court: U.S. District Court of Delaware
Judge: District Judge Thynge
Attorneys: For plaintiff:
for defendant:
Case Number: D69234
A Pennsylvania agency's attempt to enforce the usury laws of its state with respect to transactions that oc-curred entirely outside its jurisdiction violated the commerce clause.
Publication Date: 2020-12-09
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Mining and Resources
Court: U.S. District Court of Delaware
Judge: District Judge Connolly
Attorneys: For plaintiff:
for defendant:
Case Number: D69218
The bankruptcy court did not abuse its discretion in dismissing a petition for involuntary bankruptcy, because the party who filed the petition acted in bad faith. Affirmed.
Publication Date: 2020-11-18
Practice Area: Business Torts
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Travis S. Hunter, Dorronda R. Bordley, Richards, Layton & Finger, P.A., Wilmington, DE; Michael V. Rella, Murphy & McGonigle, New York, NY for plaintiff.
for defendant: Daniel M. Silver, Travis J. Ferguson, Alexandra M. Joyce, McCarter & English, LLP, Wilmington, DE for defendants.
Case Number: D69190
Tortious interference and misappropriation case against competitor who employed former worker dismissed on forum non conveniens grounds where the parties were already engaged in litigation in California, whose law was more likely to govern the issues in the matter.
Publication Date: 2020-11-18
Practice Area: Deals and Transactions
Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: William M. Lafferty, Kevin M. Coen, Sabrina M. Hendershot, Sara Toscano, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Eric Seiler, Philippe Adler, Mala Ahuja Harker, Friedman Kaplan Seiler & Adelman LLP, New York, NY; William Christopher Carmody, Shawn J. Rabin, Arun Subramanian, Susman Godfrey L.L.P., New York, NY for plaintiffs.
for defendant: William B. Chandler, III, Brad D. Sorrels, Lori W. Will, Lindsay Kwoka Faccenda, Leah E. Brenner, Jeremy W. Gagas, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; David J. Berger, Steven M. Gugen-heim, Dylan G. Savage, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA; Michael S. Sommer, Wilson Sonsini Goodrich & Rosati, P.C., New York, NY for the special committee of the board of directors of The We Co. Robert S. Saunders, Sarah R. Martin, Arthur R. Bookout, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; George A. Zimmerman, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY for The We Co. Elena C. Norman, Rolin P. Bissell, Nicholas J. Rohrer, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Erik J. Olson, Morrison & Foerster LLP, Palo Alto, CA; James Bennett, Jordan Eth, Morri-son & Foerster LLP, San Francisco, CA for defendant SoftBank Group Corp. Michael A. Barlow, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John B. Quinn, Molly Stephens, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for defendant SoftBank Vision Fund.
Case Number: D69193
Plaintiff stated a claim against defendants for breach of contract, but his breach of fiduciary duty claim was duplicative of the contract claim.
Publication Date: 2020-11-04
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
Court: U.S. Bankruptcy Court
Judge: Judge Dorsey
Attorneys: For plaintiff:
for defendant:
Case Number: D69176
Prevailing party's motion for costs incurred in adversary proceedings granted despite the procedural irregularity of the prevailing party's request.
Law Journal Press | Digital Book
Authors: T. BART GARY, JAKE CARROLL
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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.
Publication Date: 2020-09-16
Practice Area: Corporate Governance
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Garrett B. Moritz, Benjamin Z. Grossberg, and S. Reiko Rogozen, Ross Aronstam & Moritz LLP, Wilmington, DE; Kimberly A. Evans and Rebecca A. Musarra, Grant & Eisenhofer P.A., Wilmington, DE; Lance Gotthoffer, Chaitman, LLP, New York, NY; Catherine A. Gaul, Ashby & Geddes, P.A., Wilmington, DE; Michael Hanin and Uri Itkin, Kasowitz Benson Torres LLP, New York, NY; John W. Shaw and Jeffrey T. Castellano, Shaw Keller LLP, Wilmington, DE; Matthew A. Martel, Joseph B. Sconyers, Keith M. Kollmeyer, and Anthony M. Masero, Jones Day, Boston, MA for plaintiffs.
for defendant: Kurt M. Heyman and Melissa N. Donimirski, Enerio Gattuso & Hirzel LLP, Wilmington, DE; Erik Haas, Joshua Kipnees, George A. LoBiondo, Jared Buszin, Peter Shakro, Devon Hercher, and Jonah Wacholder, Patterson Belknap Webb & Tyler LLP, New York, NY; Jason C. Jowers, Stephen B. Brauerman, Brett M. McCartney, and Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Rebecca L. Butcher and Jennifer L. Cree, Landis Rath & Cobb LLP, Wilmington, DE; John P. Doherty and William Hao, Alston & Bird LLP, New York, NY; Stacey A. Scrivani, Stevens & Lee, P.C., Wilmington, DE for defendants.
Case Number: D69120
Because a precautionary security interest could be created simultaneously with the assignment of pledged collateral, indentured parties who received the assignment granted them the beneficial interests of the property, such that the owners of the trusts that acquired the property owed the indentured parties fiduciary duties through the owners' control over the trusts.
Publication Date: 2020-09-09
Practice Area: Damages
Industry: Financial Services and Banking | Accounting
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Terry L. Wit, Juan P. Morillo, Derek L. Shaffer, Lauren H. Dickie, and David H. Needham, Quinn Emanuel Urquhart & Sullivan, LLP, San Francisco, CA and Washington, DC for plaintiffs.
for defendant: Kevin R. Shannon, Matthew F. Davis, and Christopher N. Kelly, Potter Anderson & Corroon LLP, Wilmington, DE; Gregory G. Ballard and Jose F. Sanchez, Sidley Austin LLP, New York, NY; Todd Schiltz, Drinker Biddle & Reath LLP, Wilmington, DE; Robert A. Scher and Jonathan H. Friedman, Foley & Lardner LLP, New York, NY; Timothy Jay Houseal, Jennifer M. Kinkus, William E. Gamgort, Young Conaway Stargatt & T aylor LLP, Wilmington, DE; Ana C. Reyes, Williams & Connolly, LLP, Washington, DC for defendants.
Case Number: D69113
Negligence action under vicarious liability failed where plaintiffs failed to establish existence of agency or joint venture relationship between defendant and alleged tortfeasor due to the lack of written agreement as required by applicable Mexico law or existence of required elements under applicable Delaware or New York law to find agency or joint venture relationship.
Publication Date: 2020-09-09
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Consumer Products
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Robert M. Hirsh, Beth M. Brownstein, James H. Hulme and Jackson D. Toof, Arent Fox LLP, New York, NY and Washington, DC; Frederick B. Rosner, Scott J. Leonhardt and Jason A. Gibson, The Rosner Law Group LLC, Wilmington, DE for appellant.
for defendant: Matthew M. Murphy, Nicholas A. Bassett and Brendan M. Gage, Paul Hastings LLP, Chicago, IL; M. Blake Cleary and Michael Neiburg, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for appellee.
Case Number: D69112
A credit bid at an auction of debtors' assets did not constitute a "final" bid, so that bid did not cap the value of the creditor's secured collateral.
Publication Date: 2020-09-09
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Daniel C. Kerrick, Hogan McDaniel, Wilmington, DE for plaintiff.
for defendant: Philippa J. Walmsley, Wilmington, DE, defendant pro se.
Case Number: D69111
Plaintiff entitled to judgment where defendant admitted to failing to make payments under defendant's loan agreements with plaintiff and had submitted a non-conforming answer to plaintiff's complaint.
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