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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.
Publication Date: 2019-10-02
Practice Area: Corporate Entities
Industry: Health Care | Investments and Investment Advisory | Pharmaceuticals
Court: U.S. District Court of Delaware
Judge: District Judge Stark
Attorneys: For plaintiff: Christopher J. Day, Day Law Group, LLC, Wilmington, DE; Joseph M. Donley, Peter Blume and Christopher M. Brubaker, Clark Hill PLC, Philadelphia, PA for plaintiffs.
for defendant: Travis S. Hunter, Tyler E. Cragg and Alexandra M. Ewing, Richards Layton & Finger, P.A., Wilmington, DE for defendants.
Case Number: D68721
Plaintiffs adequately alleged that defendants engaged in bad faith violations of the parties' redemption agreement, but the court dismissed the remainder of plaintiffs' claim.
Publication Date: 2019-09-25
Practice Area: Bankruptcy
Industry: Investments and Investment Advisory | Manufacturing
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff:
for defendant:
Case Number: D68714
A bankruptcy trustee's claims for fraudulent transfer did not involve property of a debtor, and the trustee's motion for recon-sideration failed to demonstrate the existence of new evidence or manifest injustice.
Publication Date: 2019-09-11
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Seth D. Rigrodsky, Brian D. Long and Gina M. Serra, Rigrodsky & Long, P.A, Wilmington, DE; Carl L. Stine and Adam J. Blander, Wolf Popper LLP, New York, NY for plaintiff.
for defendant: Kevin G. Abrams, John M. Seaman and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; John A. Neuwirth, Evert J. Christensen, Jr., Seth Goodchild and Matthew S. Connors of Weil, Gotshal & Manges LLP for defendant.
Case Number: D68697
A stockholder established a proper purpose, so he was entitled to inspect books and records regarding the value of his shares and possible corporate wrongdoing.
Publication Date: 2019-09-11
Practice Area: Corporate Entities
Industry: Health Care | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Montgomery-Reeves
Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE, Harold M. Walter and Angela D. Pallozzi, Offit Kurman, P.A., Baltimore, MD for plaintiffs.
for defendant: David L. Finger, Finger & Slanina, LLC, Wilmington, DE, for defendant.
Case Number: D68695
Parties' prior practice of signing draft transaction documents to acknowledge receipt overcame presumption that signature manifested intent to be contractually bound, such that plaintiffs failed to prove defendant's intent to be bound to agreements that provided choice of forum clause.
Law Journal Press | Digital Book
Authors: Joshua B. Spector, Paul D. Turner
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Publication Date: 2019-09-04
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Mining and Resources
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Samuel T. Hirzel, II, Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Lawrence M. Rolnick, Steven M. Hecht, Jonathan M. Kass and Glenn McGillivray, Lowenstein Sandler LLP, New York, NY for petitioners.
for defendant: S. Mark Hurd and Lauren Neal Bennett, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; James R. Warnot, Jr., Adam S. Lurie, Brenda D. DiLuigi, Nicole E. Jerry and Elizabeth M. Raulston, Linklaters LLP, New York, NY for respondent.
Case Number: D68690
In this statutory appraisal proceeding, the court concluded that the deal price was the most persuasive indicator of fair value at the time of the merger.
Publication Date: 2019-08-28
Practice Area: Contractual Disputes
Industry: Investments and Investment Advisory | Real Estate
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Joseph B. Cicero, Gregory E. Stuhlman and Stephanie H. Dallaire, Chipman Brown Cicero & Cole, LLP, Wilmington, DE for plaintiff.
for defendant: Andrew L. Cole of LeClairRyan, PLLC, Wilmington, DE for defendants.
Case Number: D68683
Plaintiff adequately alleged a breach of contract claim against some of the defendants, but the court granted defendants' mo-tions dismissing the remainder of the claims.
Publication Date: 2019-08-28
Practice Area: Business Torts
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: R. Judson Scaggs, Jr., Barnaby Grzaslewicz and Elizabeth A. Mullin, Morris Nichols Arsht & Tunnel, Wilmington, DE; David H. Wollmuth, R. Scott Thompson, Michael C. Ledley, Sean P. McGonigle, William A. Maher, Nicole C. Rende and Jay S. Han-dlin, Wollmuth Maher & Deutsch LLP, New York, NY for plaintiff.
for defendant: Peter J. Walsh, Jr., Jennifer C. Wasson, David A. Seal and Robert J. Kumor, Potter Anderson & Corroon LLP, Wilmington, DE; Eva W. Cole, John E. Schreiber, Molly M. Donovan, Joseph A. Litman and Mikaela E. Evans-Aziz, Winston & Strawn LLP, New York, NY for defendants.
Case Number: D68682
The chancery court, as a court of equity, could not enjoin future defamatory statements.
Publication Date: 2019-08-28
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: John L. Reed, DLA Piper LLP, Wilmington, DE for petitioner.
for defendant: Samuel A. Nolen, Richards, Layton & Finger, P.A., Wilmington, DE for respondent.
Case Number: D68680
Sophisticated stockholders could contractually waive statutory appraisal rights for a future transaction not yet contemplated where such waiver was expressly clear.
Publication Date: 2019-08-21
Practice Area: Corporate Governance
Industry: Consumer Products | Investments and Investment Advisory
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: David A. Felice, Bailey & Glasser, LLP, Wilmington, DE for appellant.
for defendant: Kevin G. Abrams and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Brian J. Capitummino, Woods Oviatt Gilman LLP, Rochester, NY for appellee.
Case Number: D67676
There was no presumption of confidentiality for books and records produced in response to a §220 request, nor was a requesting stockholder required to show exigent circumstances to avoid an indefinite confidentiality obligation.
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