• Winshall v. Viacom Int'l Inc.

    Publication Date: 2019-11-20
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D68781

    The indemnification provision in the parties' merger agreement did not apply to attorney fees in first-party claims, so the court denied plaintiff's request for an award of attorney fees and expenses.

  • In re LendingClub Corp. Derivative Litig.

    Publication Date: 2019-11-13
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Seth D. Rigrodsky, Brian D. Long and Gina M. Serra, Rigrodsky &7 Long, P.A., Wilmington, DE; Robert I. Harwood and Matthew M. Houston, Harwood Feffer LLP, New York, NY; Brett D. Stecker and James M. Ficaro, The Weiser Law Firm, P.C., Berwyn, PA for lead plaintiffs.
    for defendant: Raymond J. Dicamillo and Eliezer Y. Feinstein, Richards, Layton & Finger, P.A., Wilmington, DE; Adam S. Paris, Sullivan & Cromwell LLP, Los Angeles, CA for defendants Morris, Ciporin, Crowe, Meeker, Sanborn, Summers and Williams. Raymond J. DiCamillo, Eliezer Y. Feinstein, Richards, Layton & Finger, P.A., Wilmington, DE; Jonathan D. Polkes, Weil, Gotshal & Manges LLP, New York, NY for defendant Mack. Myron T. Steele, T. Brad Davey and Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE; Robert J. Liubicic, Scott A. Edelman, Adam Fee and Andrew Lichtenberg, Milbank LLP, Los Angeles, CA and New York, NY for defendant Laplanche. Jody C. Barillare, Charlene S. Shimada, Susan D. Resley, Lucy Wang and Marc J. Sonnenfeld, Morgan, Lewis & Bockius LLP, Wilmington, DE, San Francisco, CA and Philadelphia, PA for defend-ant Dolan. William M. Lafferty, Susan W. Waesco and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wil-mington, DE; Diane M. Doolittle, David M. Grable, Jospeh C. Sarles, Jordan E. Alexander and John Potter, Quinn Emanuel Urquhart & Sullivan LLP, Redwood Shores, CA, Los Angeles, CA and San Francisco, CA for nominal defendant LendingClub Corp.

    Case Number: D68771

    Stockholders in this derivative suit failed to establish that a majority of the demand board faced a substantial likelihood of personal liability.

  • PWP Xerion Holdings III LLC v. Red Leaf Resources, LLC

    Publication Date: 2019-11-06
    Practice Area: Corporate Governance
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: S. Michael Sirkin, Benjamin Z. Grossberg and R. Garret Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Jonathan D. Schiller, Christopher D. Belelieu, Karen A. Chesley and Gary R. Studen of Boies Schiller Flexner LLP, New York, NY for plaintiff.
    for defendant: Michael A. Pittenger, Timothy R. Dudderar, Mathew A. Golden and David M. Hahn, Potter Anderson & Corroon LLP, Wil-mington, DE; Kenneth B. Black, Lauiren A. Shurman and Wesley F. Harward of Stoel Rives LLP, Salt Lake City, UT for de-fendant.

    Case Number: D68764

    Company breached a preferred stockholder's rights by changing its business plan and entering into a settlement with an inter-ested party without first obtaining the necessary consent from the preferred stockholder.

  • PPL Corp. v. Riverstone Holdings LLC

    Publication Date: 2019-11-06
    Practice Area: Contractual Disputes
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Paul J. Lockwood, Robert A. Weber, Nicole A. DiSalvo, Skadden Arps, Slate, Meagher & Flom, Wilmington, DE; George A. Zimmerman, Jonathan Frank, Tansy Woan, Andrew N. Goldman and Charles C. Platt, Skadden Arps, Slate, Meagher & Flom, New York, NY for PPL plaintiffs.
    for defendant: Thomas G. Macauley, Macauley LLC, Wilmington, DE; Joshua L. Siefert of Joshua L. Siefert PLLC, New York, NY for plaintiff Farr. Rolin P. Bissell and James M. Yoch, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Melissa L. James and Devin L. Kerns, Vinson & Elkins LLP, Dallas, TX for Riverstone, Raven Power, C/R Energy and Sapphire Power defendants. David E. Ross and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Karl Stern and Kate K. Shih, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Andrew J. Rossman, Quinn Emanuel Urquhart & Sullivan, LLP, New York NY; Adam B. Wolfson of Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for Talen defendants.

    Case Number: D68763

    The court denied defendant's motion to dismiss or stay this action, because the agreement at issue contained a Delaware fo-rum selection clause.

  • Harris v. Innovate Biopharmaceuticals, Inc.

    Publication Date: 2019-10-30
    Practice Area: Contractual Disputes
    Industry: Consulting | Investments and Investment Advisory | Pharmaceuticals
    Court: Delaware Superior Court
    Judge: Judge Cooch
    Attorneys: For plaintiff: David W. deBruin, Gawthrop Greenwood, PC, Wilmington, DE; Jarod Bona and Steven Levitsky, Bona Law PC , New York, NY for plaintiffs.
    for defendant: Catherine A. Gaul, Ashby & Geddes, Wilmington, DE for defendant.

    Case Number: D68754

    In this dispute involving a stock option agreement, defendant complied with all of its obligations, so the court granted de-fendant's motion to dismiss all of plaintiffs' claims.

  • Law Journal Press | Digital Book

    Lawyer’s Handbook: Ethics Compliance and Claim Avoidance, The

    Authors: SHARI L. KLEVENS, ESQ., J. RANDOLPH EVANS, ESQ., ALANNA G. CLAIR, ESQ.

    View this Book

    View more book results for the query "*"

  • JJS, Ltd. v. Steelpoint CP Holdings, LLC

    Publication Date: 2019-10-30
    Practice Area: Deals and Transactions
    Industry: Consumer Products | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Stamatios Stamoulis, Stamoulis & Weinblatt LLS, Wilmington, DE; William J. Caldarelli, Caldarelli Hejmanowski Page & Leer LLP, San Diego, CA for plaintiffs.
    for defendant: Matthew W. Murphy and Nicole M. Henry, Richards, Layton & Finger, P.A., Wilmington, DE for defendants Pro Performance Sports LLC, Caccavo, Potter, Broadhead and Wiseman. Bradley R. Araonstam and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE for defendant Steelpoint CP Holdings, LLC.

    Case Number: D68756

    Plaintiffs alleged sufficient facts to support a breach of fiduciary duty claim due to a conflicted sale transaction, but the court dismissed the remainder of plaintiffs' claims.

  • Sheldon v. Pinto Tech. Ventures, L.P.

    Publication Date: 2019-10-23
    Practice Area: Corporate Governance
    Industry: Health Care | Investments and Investment Advisory | Manufacturing
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Thad J. Bracegirdle, Scott B. Czerwonka, Wilks, Lukoff & Bracegirdle, LLC, Wilmington, DE for plaintiffs.
    for defendant: Bruce E. Jameson, Samuel L. Closic, Prickett, Jones & Elliott, P.A., Wilmington, DE; B. Russell Horton, Gary L. Lewis, George Brothers Kincaid & Horton LLP, Austin, TX for Pinto, Rivervest and Bay City Capital defendants. Brian C. Ralston, Jacqueline A. Rogers, Potter Anderson Corroon LLP, Wilmington, DE; Danny David, Rebeca Huddle, Baker Botts L.L.P., Houston, TX for defendants Terry and Walker.

    Case Number: D68749

    Plaintiffs failed to adequately allege the existence of a control group in this breach of fiduciary duty matter, so the chancery court properly dismissed the complaint. Affirmed.

  • Bandera Master Fund LP v. Boardwalk Pipeline Partners, LP

    Publication Date: 2019-10-23
    Practice Area: Corporate Entities
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: A. Thompson Bayliss, J. Peter Shindel, Jr., Abrams & Bayliss LLP, Wilmington, DE for plaintiffs.
    for defendant: Srinivas M. Raju, Blake Rohrbacher, and Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Rolin P. Bissell, Young, Conaway, Stargatt & Taylor LLP, Wilmington, DE; Raniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Lawrence Portnoy, Charles S. Duggan, Gina Cora, Davis Polk & Wardwell LLP, New York, NY; Stephen P. Lamb, Andrew G. Gordon, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for defendants.

    Case Number: D68744

    Unitholders plausibly pled general partner's breach of partnership agreement by alleging general partner failed to follow provisions governing resolution of conflict of interest created by general partner's exercise of call right for publicly traded common units.

  • Morris v. Spectra Energy Partners (DE) GP, LP

    Publication Date: 2019-10-16
    Practice Area: Class Actions
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Michael J. Barry and Michael T. Manuel, Grant & Eisenhofer P.A., Wilmington, DE; Peter B. Andrews and Craig J. Springer, Andrews & Springer LLC, Wilmington, DE; Jeremy Friedman, Spender Oster and David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY for plaintiff.
    for defendant: Robert S. Saunders, Ronald N. Brown, III, Ryan M. Lindsay, Noelle M. Reed, Daniel S. Mayerfeld and Alston L. Walker, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE and Houston, TX for defendant.

    Case Number: D68737

    The value of a derivative claim was not material in the context of a merger, so plaintiff lacked standing in this class action.

  • EMSI Acquisitions, Inc. v. RSUI Indem. Co.

    Publication Date: 2019-10-02
    Practice Area: Insurance Law
    Industry: Insurance | Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Fuentes
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D68720

    District court correctly granted insurance claimant judgment where policy was ambiguous as to class of persons excluded from making a claim, such that ambiguities in the policy were to be construed in favor of coverage.