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Publication Date: 2024-10-15
Practice Area: Contractual Disputes
Industry: Accounting | Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys: For plaintiff: John M. LaRosa, LaRosa & Associates LLC, Wilmington, DE; Lawrence P. Schaefer, Bert Black, Mack H. Reed, Timothy S. Christensen, Anne C. Bolgert, Schaefer Halleen, LLC, Minneapolis, MN for plaintiff.
for defendant: Peter H. Kyle, John L. Reed, Daniel P. Klusman, DLA Piper, LLP, Wilmington, DE for defendant.
Case Number: N20C-08-249 MAA CCLD
Employer's reasons for terminating employee with cause were manufactured as employee's actions did not rise to the level of gross negligence or a breach of misconduct as the actions ultimately resolved the company's accounting issues, and thus employer did not have right to reclaim employee's equity interest for $0.
Publication Date: 2024-10-15
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Michael Hanrahan, Prickett, Jones & Elliott, P.A., Wilmington, DE; Blake Rohrbacher, Richards, Layton & Finger, P.A., Wilmington, DE for plaintiffs.
for defendant: David E. Ross, Ross Aronstam & Moritz LLP, Wilmington, DE; William M. Lafferty, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendants.
Case Number: 2020-0505-MTZ
Stockholders could not bring fiduciary claims against purported controller of company's parent corporation without presenting evidence of controller's hard control over the parent's voting power or an exercise of actual control over the company.
Publication Date: 2024-10-15
Practice Area: Personal Injury
Industry: Electronics | Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Robinson
Attorneys: For plaintiff: Ronald G. Poliquin, The Poliquin Firm, LLC, Dover, DE; Joseph D. Stanley, Schwartz & Schwartz, P.A., Dover, DE; Brian R. Della Roca, Compass Law Partners, Rockville, MD for plaintiff.
for defendant: David J. Soldo, Morris James, LLP, Wilmington, DE; Katherine M. Bolger, Hilary Oran, Davis Wright Tremaine, LLP, New York, NY; Alison Schary, Davis Wright Tremaine, LLP, Washington, DC; David J. Margules, Lauren P. Russell, Ballard Spahr, LLP, Wilmington, DE; Kaitlin M. Gurney, Ballard Spahr, LLP, Philadelphia, PA; Bartholomew J. Dalton, Connor C. Dalton, Jessica L. Needles, Dalton & Associates, P.A., Wilmington, DE; Abbe D. Lowell, Sanaya M. Tamboli, Winston & Strawn LLP, Washington, DC; David A. Kolansky, Winston & Strawn LLP, New York, NY; Joseph M. Turk, BFPCC, Inc., Wilmington, DC; David J. Burman, John M. Devaney, Perkins Coie, LLP for defendants.
Case Number: S22C-10-012 RHR
News interviews were not defamatory where they did not directly mention or indirectly reference plaintiff and where plaintiff, a limited public figure, failed to show actual malice by the news outlets.
Publication Date: 2024-10-08
Practice Area: Business Torts
Industry: Electronics | Manufacturing | Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Michael J. Barrie, Kate Harmon, Benesch, Friedlander, Coplan & Aronoff LLP, Wilmington, DE; J. Erik Connolly, Nicole Wrigley, David D. Pope, William Walsh, Lee B. Muench, Lauran Tortorella, Olivia Sullivan, Meghan Golden, Benesch, Friedlander, Coplan & Aronoff LLP, Chicago, IL for plaintiffs.
for defendant: C. Barr Flinn, Kevin A. Guerke, Timothy E. Lengkeek, Lauren Dunkle Fortunato, Michael A. Laukaitis II, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Douglas D. Herrmann, Troutman Pepper Hamilton Sanders LLP, Wilmington, DE; Bennet J. Moskowitz, Troutman Pepper Hamilton Sanders LLP, New York, NY; Misha Tseytlin, Troutman Pepper Hamilton Sanders LLP, Chicago, IL; Howard M. Cooper, Joseph M. Cacace, Josh L. Launer, Maria A. Lombardi, Todd & Weld LLP, Boston, MA for defendant.
Case Number: N21C-11-028 EMD
Court granted reargument to clarify that Florida punitive damages law sufficiently defined "express malice" and required both actual and express malice for a jury to award punitive damages.
Publication Date: 2024-10-08
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking | Education | Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Joseph B. Cicero, Ryan M. Lindsay, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Sheron Korpus, David M. Max, Sondra D. Grigsby, Kasowitz Benson Torres LLP, New York, NY for appellants.
for defendant: Brock E. Czeschin, Susan Hannigan Cohen, Nicole M. Henry, Richards, Layton & Finger, P.A., Wilmington, DE; Lauren K. Neal, Elizabeth A. Mullin Stoffer, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for appellees.
Case Number: 463, 2023
Although appellants raised the parties' contract's forum selection clause, they failed to explicitly argue that a non-signatory litigant was bound to the clause and thus waived the issue on appeal.
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Publication Date: 2024-10-01
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Matthew D. Perri, Daniel E. Kaprow, Elizabeth J. Freud, Alfred P. Dillione, Rae Ra, Richards, Layton & Finger, P.A., Wilmington, DE for plaintiff.
for defendant: Kevin M. Coen, Jacob M. Perrone, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Bradley J. Bondi, D. Scott Carlton, Traci Zeller, Nicholas J. Griepsma, Paul Hastings LLP, Washington, D.C. for defendant.
Case Number: 2024-0186-LWW
Court recalculated conversion ratio following business combination where inclusion of issued shares regardless of the circumstances of issuance was consistent with the anti-dilutive purpose of the conversion.
Publication Date: 2024-09-24
Practice Area: Business Torts
Industry: Manufacturing | Software | Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Michael J. Barrie, Kate Harmon, Benesch, Friedlander, Coplan & Aronoff LLP, Wilmington, DE; J. Erik Connolly, Nicole Wrigley, David D. Pope, William Walsh, Lee B. Muench, Lauran Tortorella, Olivia Sullivan, Meghan Golden, Benesch, Friedlander, Coplan & Aronoff LLP, Chicago, IL for plaintiffs.
for defendant: C. Barr Flinn, Kevin A. Guerke, Timothy E. Lengkeek, Lauren Dunkle Fortunato, Michael A. Laukaitis II, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Douglas D. Herrmann, Troutman Pepper Hamilton Sanders LLP, Wilmington, DE; Bennet J. Moskowitz, Troutman Pepper Hamilton Sanders LLP, New York, NY; Misha Tseytlin, Troutman Pepper Hamilton Sanders LLP, Chicago, IL; Howard M. Cooper, Joseph M. Cacace, Josh L. Launer, Maria A. Lombardi, Todd & Weld LLP, Boston, MA for defendant.
Case Number: N21C-11-028 EMD
Plaintiff was not entitled to summary judgment of actual malice where jury could either find that information provided to news organization was conclusive of the truth or self-serving, creating a genuine issue of material fact as to whether the outlet recklessly disregarded the truth; however, there was insufficient evidence of a primary purpose to harm plaintiff, precluding a showing of express malice.
Publication Date: 2024-09-10
Practice Area: Corporate Governance
Industry: Consulting | Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Chancellor Wallace
Attorneys: For plaintiff: Alan D. Albert, O’Hagan Meyer PLLC, Wilmington, DE; Charles M. Sims, Rachael L. Loughlin, C. Quinn Adams, O’Hagan Meyer PLLC, Richmond, VA for plaintiff.
for defendant: Brian C. Ralston, Daniel M. Rusk, IV, Potter Anderson & Corroon LLP, Wilmington, DE; Paul A. Werner, Imad Matini, Sheppard Mullin Richter & Hampton, LLP, Washington, DC for defendant.
Case Number: 2022-0437-PRW
Absolute litigation privilege did not bar company from triggering its contractual membership interest repurchase option where public policy interests did not override the parties' contractual agreements.
Publication Date: 2024-09-10
Practice Area: Mergers and Acquisitions
Industry: Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Medinilla
Attorneys: For plaintiff: Jeffrey L. Moyer, Travis S. Hunter, Wilmington, DE for plaintiffs.
for defendant: Michael A. Barlow, Hayden J. Driscoll, Wilmington, DE for defendants.
Case Number: N24C-02-130 VLM CCLD
Sellers plausibly alleged fraud claim by asserting that buyers intentionally misrepresented the synergistic possibility of the parties' products to convince sellers that buyers could reach the proposed earnout targets.
Publication Date: 2024-09-03
Practice Area: Mergers and Acquisitions
Industry: E-Commerce | Technology Media and Telecom
Court: Court of Chancery
Judge: Chancellor Medinilla
Attorneys: For plaintiff: Peter B. Ladig, Bayard, P.A., Wilmington, DE for plaintiff.
for defendant: Paul D. Brown, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Aaron Z. Tobin, Abigail R. Campbell, Condon Tobin Sladek Thornton Nerenberg PLLC, Dallas, TX for defendant.
Case Number: 2023-0984-VLM
Court denied defendant's motion to dismiss for lack of standing where there was no basis to overturn former company's stakeholders' decision to appoint a representative, where the representative was not a necessary party in his personal capacity due to the termination of his employment with defendant.
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