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  • In re: TransPerfect Global, Inc.

    Publication Date: 2018-02-28
    Practice Area: Corporate Entities
    Industry:
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Kevin R. Shannon, Berton W. Ashman, Jr., Christopher N. Kelly, Jaclyn C. Levy, and Mathew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE; Philip S. Kaufman, Ronald S. Greenberg, Marjorie E. Sheldon, and Jared I. Heller, Kramer Levin Naftalis & Frankel LLP, New York, NY, attorneys for petitioner
    for defendant: David L. Finger, Finger & Slanina LLC, Wilmington, DE; Peter B. Ladig and Brett M. McCartney, Bayard, P.A., Wilmington, DE; David B. Goldstein, Rabinowitz, Boudin, Standard, Krinsky & Lieberman, P.C., New York, NY; Jeremy D. Eicher, Eicher Law LLC, Wilmington, DE, attorneys for respondents.
    Case Number: D68056

    Sale of petitioners interest in company to co-founder and opposing party approved, where custodian conducting sale enjoyed independence due to indemnification and advancement rights, and where petitioners objections to sale apparently motivated by animus toward opposing party.

  • City of Miami General Employees and Sanitation Employees Retirement Trust v. C&J Energy Ser-vices, Inc.

    Publication Date: 2018-02-07
    Practice Area: Bankruptcy | Damages | Mergers and Acquisitions
    Industry: Energy
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Stuart M. Grant, Mary S. Thomas, Mark Lebovitch, Jeroen van Kwawegen and Christopher J. Orrico for plaintiff
    for defendant: William M. Lafferty for Nabors defendants; Stephen C. Norman, Michael A. Pittenger, Jaclyn C. Levy, Michael C. Holmes, Craig E. Zieminski, Olivia D. Howe and Meriwether Evans for remaining defendants.
    Case Number: D68033

    Plaintiff was not entitled to an award of fees in connection with a merger price reduction because plaintiff failed to make a claim in the companys bankruptcy proceeding, and it was inequitable to award fees against the estate of one of the shareholders.

  • IRA Trust FBO Bobbie Ahmed v. Crane

    Publication Date: 2018-02-07
    Practice Area: Corporate Entities
    Industry:
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman, Spencer Oster, and David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY; Jason M. Leviton and Joel Fleming, Block & Leviton LLP, Boston, MA, attorneys for plaintiff
    for defendant: William M. Lafferty and D. McKinley Measley, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Brian C. Ralston, Andrew H. Sauder, and Matthew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE, attorneys for defendants.
    Case Number: D68030

    Business judgment rule applied to controlling stockholders equity reclassification that perpetuated its control, where controller sought approval of special committee of disinterested, independent directors and of informed, unaffiliated stockholders.

  • Standard General L.P. v. Charney

    Publication Date: 2018-01-03
    Practice Area: Civil Procedure | Contracts
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Raymond J. DiCamillo, Matthew D. Perri, Shannon Rose Selden, Derek Wikstrom and Justin Horton for plaintiffs
    for defendant: Mark M. Billion for defendant.
    Case Number: D67997

    Defendant could not have reasonably relied on oral promises which allegedly induced him to sign a series of agreements, be-cause the express terms of the agreements contradicted the alleged oral representations.

  • ITG Brands, LLC v. Reynolds American, Inc.

    Publication Date: 2017-12-13
    Practice Area: Contractual Disputes | Mergers and Acquisitions
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Stephen C. Norman, Matthew F. Davis, Matthew R. Dreyfuss, Robert J. Brookhiser and Elizabeth B. McCallum for plaintiff
    for defendant: Gregory P. Williams, Rudolf Koch, Robert L. Burns, Matthew D. Perri, Peter J. Biersteker and C. Kevin Marshall for defend-ants.
    Case Number: D67969

    The court relied on the plain language and grammatical construction of the terms of a sale agreement to resolve the parties dispute regarding the buyers obligation to use reasonable best efforts.