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  • Brown v. Matterport, Inc.

    Publication Date: 2022-01-25
    Practice Area: Contracts
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Thomas A. Uebler, Joseph Christensen, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Edward D. Totino, Benjamin W. Turner, Baker Mckenzie LLP, Los Angeles, CA for plaintiff.
    for defendant: Robert L. Burns, Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE; Michele Johnson, Kristin Murphy, Lat-ham & Watkins LLP, Costa Mesa, CA; Colleen Smith, Latham & Watkins LLP, San Diego, CA for defendants.
    Case Number: D69686

    The court held that plaintiff's shares were not Lockup Shares as defined in the bylaws adopted prior to the business combination between the Special Purpose Acquisition Company and plaintiff's former company, such that plaintiff was free to trade them immediately upon receipt. Relief in Count I granted.

  • Nexstar Media Inc. v. Spectrum Mgmt. Holding Co., LLC

    Publication Date: 2022-01-25
    Practice Area: Telecommunications
    Industry: Technology Media and Telecom
    Court: U.S. District Court of Delaware
    Judge: District Judge Bibas
    Attorneys: For plaintiff: A. Thompson Bayliss, Daniel John McBride, Abrams & Bayliss LLP, Wilmington, DE; Mitchell A. Kamin, Mark Chen, Covington & Burling LLP, Los Angeles, CA; Lindsay Barnhart, Covington & Burling LLP, Palo Alto, CA for plaintiff.
    for defendant: Kelly E. Farnan, Richards, Layton & Finger, PA, Wilmington, DE; Howard J. Symons, Jenner & Block LLP, New York, NY; Megan B. Poetzel, Lina R. Powell, Jenner & Block LLP, Chicago, IL for defendant.
    Case Number: D69691

    Federal court lacked federal jurisdiction over breach of contract claim where FCC antitrust regulations were not sufficiently substantial enough to the case to warrant the exercise of jurisdiction.

  • NRT Tech. Corp. v. Everi Holdings Inc.

    Publication Date: 2022-01-25
    Practice Area: Antitrust
    Industry: Software | Technology Media and Telecom
    Court: U.S. District Court of Delaware
    Judge: District Judge Fallon
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D69692

    Motion for leave to amend the complaint denied where plaintiffs failed to provide good reason for its delay where plaintiffs were in possession of most of the facts supporting the new allegations and plaintiffs also waited half a year after obtaining additional facts from defendants.

  • TRUSTID, Inc. v. Next Caller, Inc.

    Publication Date: 2022-01-18
    Practice Area: Patent Litigation
    Industry: Technology Media and Telecom
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Adam W. Poff, Pilar G. Kraman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael D. Specht, Byron L. Pickard, Richard M. Bemben, Daniel S. Block, Sterne, Kessler, Goldstein & Fox, PLLC, Washington, DC for plaintiff.
    for defendant: Jack B. Blumenfeld, Megan E. Dellinger, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sarah Chapin Columbia, McDermott Will & Emery LLP, Boston, MA; Ian B. Brooks, McDermott Will & Emery LLP, Washington, DC; Jiaxiao Zhang, McDermott Will & Emery LLP, Irvine, CA for defendant.
    Case Number: D69685

    Jury improperly issued a verdict for plaintiff on its Lanham Act false advertising claim, where plaintiff presented no evidence that customers were actually deceived by defendant's alleged false advertising.

  • Lima USA, Inc. v. Mahfouz

    Publication Date: 2021-12-21
    Practice Area: Contractual Disputes
    Industry: Health Care | Investments and Investment Advisory | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: David E. Wilks, Scott B. Czerwonka, Wilks Law, LLC, Wilmington, DE; Jordan E. Stern, William H. Newman, Becker, Glynn, Muffly, Chassin & Hosinski, LLP, New York, NY for plaintiff.
    for defendant: Catherine A. Gaul, Ashby & Geddes, Wilmington, DE; David B. Anthony, Berger Harris LLP, Wilmington, DE; Beth A. Bryan, Taft Stettinius & Hollister, LLP, Cincinnati, OH for defendants.
    Case Number: D69649

    The court held that plaintiff's claims were not ripe or justiciable and its breach of representations claim failed to state a claim where plaintiff did not and could not plead damages.

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  • Stream TV Networks, Inc. v. SeeCubic, Inc.

    Publication Date: 2021-12-21
    Practice Area: Creditors' and Debtors' Rights
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Steven P. Wood, Andrew S. Dupre, Brian R. Lemon, Sarah E. Delia, McCarter & ENGLISH, LLP, Wilmington, DE for plaintiff.
    for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for defendant.
    Case Number: D69653

    Court declined a stay of proceedings and permanent injunction, where the injunction was imposed to prevent plaintiff from interfering with defendant's rights under the parties' agreement, and where defendant was unlikely to prevail on its appeal of the court's judgment finding the agreement valid and enforceable.

  • Leaseweb USA, Inc. v. Centro, Inc.

    Publication Date: 2021-12-07
    Practice Area: Contracts
    Industry: E-Commerce | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Carpenter
    Attorneys: For plaintiff: Carl D. Neff, Fisher Broyles, LLP, Wilmington, DE; William J. Akins, Fisher Broyles, LLP, Austin, TX for plaintiff.
    for defendant: Peter J. Walsh, Jr., Clarissa R. Chenoweth-Shook, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
    Case Number: D69634

    The court held that because plaintiff and defendant produced plausible interpretations of the term at issue, it made the contract ambiguous and not appropriate for summary judgment.

  • Knott Partners L.P. v. Telepathy Labs, Inc.

    Publication Date: 2021-12-07
    Practice Area: Corporate Governance
    Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Neal C. Belgam, Jason Z. Miller, Michael C. Wagner, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Christopher M. Caparelli, Torys LLP, New York, NY for plaintiff.
    for defendant: Thomas G. Macauley, Macauley LLC, Wilmington, DE; Euripides D. Dalmanieras, Foley Hoag LLP, Boston, MA for defendant.
    Case Number: D69631

    Where a corporation failed to update its stock ledger after acknowledging a convertible note holder's conversion into preferred stock, court could look to extrinsic evidence beyond the ledger to determine standing for a §220 demand.

  • In Re Impinj, Inc. Derivative Litig.

    Publication Date: 2021-12-07
    Practice Area: Corporate Governance
    Industry: Manufacturing | Software | Technology Media and Telecom
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Phillip Kim, The Rosen Law Firm, P.A., New York, NY; Timothy Brown, The Brown Law Firm, P.C., Oyster Bay, NY; Marion C. Passmore, Melissa A. Fortunato, Bragar Eagel & Squire, P.C., New York, NY for plaintiffs.
    for defendant: Lori W. Will, Nora M. Crawford, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Gregory L. Watts, Wilson Sonsini Goodrich & Rosati, P.C., Seattle, WA for defendants.
    Case Number: D69636

    The court found the settlement in this derivative action to be fair and reasonable where the balance of the Girsh factors favored settlement.

  • Kiger v. Mollenkopf

    Publication Date: 2021-11-30
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Blake A. Bennett, Cooch & Taylor, P.A. Wilmington, DE, Francis A. Bottini, Jr., Albert Y. Chang, Anne Beste, Yury A. Kolesnikov, Bottini & Bottini, Inc., La Jolla, CA for plaintiffs.
    for defendant: Peter J. Walsh, Jr., Jonathan A. Choa, Potter, Anderson & Corroon, LLP, Wilmington, DE; Koji Fukumura, Peter M. Adams, Heather Speers, Cooley, LLP, San Diego, CA; Brian French, Cooley, LLP, New York, NY for defendants.
    Case Number: D69626

    The court held that plaintiffs' claims for breach of fiduciary duties, aiding and abetting breach of fiduciary duties, and unjust enrichment should be dismissed for failing to plead demand futility.