• In re Pilgrim's Pride Corp. Derivative Litig.

    Publication Date: 2019-03-27
    Practice Area: Corporate Governance
    Industry: Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kurt M. Heyman and Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Ja-son M. Leviton and Joel A. Fleming, Block & Leviton LLP, Boston, MA; Mark Lebovitch, Edware G. Timlin and David MacIsaac, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, Michael A. Barlow and Andrew J. Peach, Abrams & Bayliss LLP, Wilmington, DE; Mi-chael B. Carlinsky and Adam M. Abensohn, Quinn Emanuel Urquhart & Sullivan LLP, New York, NY for defendants. Kevin R. Shannon, Christopher N. Kelly and Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for nominal defendant Pilgrim's Pride Corp.

    Case Number: D68506

    Based on the company's bylaws, the court had personal jurisdiction over the parties to this dispute.

  • Winklevoss Capital Fund v. Shaw

    Publication Date: 2019-03-13
    Practice Area: Business Torts
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: P. Clarkson Collins, Jr. and Albert J. Carroll, Morris James LLP, Wilmington, DE; Charles J. Harder, Harder LLP, Beverly Hills, CA for plaintiffs.
    for defendant: Richard G. Placey, McCracken Walker & Rhoads, LLP, Wilmington, DE; Carlos F. Gonzales and Matthew Pace of Rimon, P.C. , Coral Gables, FL and New York, NY for defendants.

    Case Number: D68492

    Defendants' counterclaims were time-barred, and defendants failed to demonstrate that tolling applied.

  • Winshall v. Viacom Int'l, Inc.

    Publication Date: 2019-03-13
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff: Colin R. Hagan, David J. Shlansky and David H. Holloway, Shlansky Law Group, LLP, Wilmington, DE for plaintiff.
    for defendant: Robert A. Atkins, Steven C. Herzog, Stephen P. Lamb and Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York and Wilmington, DE for defendant.

    Case Number: D68493

    All of plaintiff's breach of contract claims were barred by res judicata or the statute of limitations, except the claim for indem-nification of attorney fees.

  • Hoyd v. Trussway Holdings, LLC

    Publication Date: 2019-03-13
    Practice Area: Mergers and Acquisitions
    Industry: Construction | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Thomas A. Uebler and Kerry M. Porter, McCollom D'Emilio Smith Uebler LLC, Wilmington, DE for petitioner.
    for defendant: Michael F. Bonkowski, Nicholas J. Brannick, G. David Dean and Bradley P. Lehman, Cole Schotz P.C., Wilmington, DE for re-spondent.

    Case Number: D68488

    In this appraisal matter, the court relied on a discounted cash flow analysis to arrive at the fair value of the shares on the date of the merger.

  • ISN Software Corp. v. Richards, Layton & Finger, P.A.

    Publication Date: 2019-03-06
    Practice Area: Legal Malpractice | Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Legal Services | Software
    Court: Delaware Superior Court
    Judge: Judge Johnston
    Attorneys: For plaintiff: Christopher H. Lee and Blake A. Bennett, Cooch and Taylor, P.A.; Timothy S. Perkins, Underwood Perkins, P.C. for plaintiff.
    for defendant: P. Clarkson Collins, Jr., Carl N. Kunz, III, and Kathleen A. Murphy, Morris James LLP; George M. Kryder and Melissa L. James, Vinson & Elkins LLP for defendants.

    Case Number: D68450

    Legal malpractice action accrued once counsel advised plaintiff client of potential issues with counsel's advice regarding a cash-out merger, which could have resulted financial losses for plaintiffs.

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  • Ray Beyond Corp. v. Trimaran Fund Mgmt., L.L.C.

    Publication Date: 2019-02-20
    Practice Area: Contractual Disputes | Mergers and Acquisitions
    Industry: Education | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kenneth J. Nachbar and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Phillip A. Geraci, Aaron F. Miner and Harry K. Fidler, Arnold & Porter Kaye Scholer LLP, New York, NY for plaintiff and third-party defendant.
    for defendant: Robert S. Saunders, Jenness E. Parker, Lauren N. Rosenello and Jessica M. Jones, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, DE for defendant.

    Case Number: D68467

    A party was not entitled to specific enforcement of a provision for expert determination where the parties' dis-pute involved an issue outside the expert's area of expertise.

  • Lord Abbett Affiliated Fund v. Navient Corp.

    Publication Date: 2019-02-20
    Practice Area: Securities Litigation
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Patrick F. Morris, Karen L. Morris and R. Michael Lindsey, Morris and Morris LLC, Wilmington, DE; Ste-ven E. Fineman, Daniel P. Chiplock, Michael J. Miarmi, Richard M. Heimann, Bruce W. Leppla and Sha-ron M. Lee, Liefe Cabraser Heimann & Bernstein, New York, NY for plaintiffs.
    for defendant: Kelly E. Farnan, Richards Layton & Finger, P.A., Wilmington, DE; Peter A. Wald, Abid R. Qureshi, Christopher S. Turner and Christopher R. Harris, Latham & Watkins LLP, Washington, DC for Navient Corp. and individual defendants. Kevin G. Abrams and John M. Seaman, Abrams & Bayliss LLP, Wil-mington, DE; Adam S. Hakki, Daniel C. Lewis and Anthony D. Marinello of Shearman & Sterling LLP for underwriter defendants.

    Case Number: D68465

    Plaintiffs adequately stated claims for securities violations, except with regard to statements that were mere puffery and where plaintiffs failed to demonstrate scienter.

  • KT4 Partners LLC v. Palantir Tech. Inc.

    Publication Date: 2019-02-13
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Strine
    Attorneys: For plaintiff: Bartholomew J. Dalton and Michael C. Dalton, Dalton & Assoc., P.A., Wilmington, DE; Barry S. Simon, Jonathan B. Pitt and Stephen L. Wohlgemuth, Williams & Connolly LLP, Washington, DC for plaintiff.
    for defendant: Blake Rohrbacher, Kevin M. Gallagher and Kelly L. Freund, Richards, Layton & Finger, P.A., Wilming-ton, DE; Kevin J. Orsini and Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY for defendant.

    Case Number: D68458

    The chancery court abused its discretion in refusing to allow a shareholder to inspect emails under a §220 books and records, request, because the corporation did not have any formal documents relating to the amend-ment of an investors' rights agreement.

  • A&J Capital, Inc. v. Law Office of Krug

    Publication Date: 2019-02-13
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Kurt M. Heyman, Melissa N. Donimirski, and Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel, LLP, Wilmington, DE for plaintiff.
    for defendant: Stephen B. Brauerman and Sara E. Bussiere, Bayard, P.A., Wilmington, DE; Craig H. Marcus, Glaser Weil Fink Howard Avchen & Shapiro LLP, Los Angeles, CA for defendant.

    Case Number: D68454

    Members erred in removing manager where manager specifically bargained for a "for cause" removal standard and members lacked cause to remove manager.

  • Inter-Marketing Group USA, Inc. v. Armstrong

    Publication Date: 2019-02-13
    Practice Area: Corporate Entities | Environmental Law
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Theodore A. Kittila, Halloran Farkas & Kittila LLP, Wilmington, DE; Gregory M. Nespole and Correy A. Kamin, Wolf HaldensteinAdler Freeman & Herz LLP, New York, NY for plaintiff.
    for defendant: Srinivas M. Raju and Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Michael C. Holmes, Craig E. Zieminski, Kimberly R. McCoy, and Jeffrey Crough, Vinson & Elkins LLP, Dallas, TX for defendants.

    Case Number: D68456

    Derivative complaint dismissed for failure to make demand, where demand would not be futile as a majority of directors were disinterested and independent as nominal defendant's partnership agreement eliminated the directors' personal liability.