• Salladay v. Lev

    Publication Date: 2020-03-11
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews and Springer LLC, Wilmington, DE; Jeremy S. Friedman and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiff.
    for defendant: D. McKinley Measley ad Elliott Covert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Charles C. Platt and Andrew Sokol, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY for defendants.

    Case Number: D68908

    The court denied defendant directors' motion to dismiss, because plaintiff adequately alleged that the board was conflicted and the merger transaction was not cleansed by either a fully-informed shareholder vote or by the actions of a special committee.

  • Claros Diagnostics, Inc. S'holders Representative Comm. v. OPKO Health, Inc.

    Publication Date: 2020-03-04
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joanna J. Cline, Christopher B. Chuff, and Ellis E. Harrington, Pepper Hamilton LLP, Wilmington, DE; William W. Taylor and Jaclyn M. Essinger, Pepper Hamilton LLP, Boston, MA for plaintiff.
    for defendant: David J. Teklits and Alexandra M. Cummings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Kenneth A. Sweder and Brian M. Haney, Sweeder & Ross LLP, Boston, MA for defendant.

    Case Number: D68894

    Stale breach of representation and warranty claims could not be asserted as an equitable affirmative defense for recoupment where the underlying facts were too attenuated from the plaintiff's claims.

  • Dahle v. Pope

    Publication Date: 2020-02-19
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Jeffrey M. Norton, Newman Ferrara LLP, New York, NY; Werner R. Kranenburg, Krankenburg, London, UK for plaintiffs.
    for defendant: Edward B. Micheletti, Lilianna Anh P. Townsend, and Mary T. Reale, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, Delaware for defendants.

    Case Number: D68879

    Plaintiffs' pre-suit communication to board constituted a Rule 23.1 demand where it asserted the need to take remedial action on a board decision, noted the company's susceptibility to shareholder action, and warned that plaintiffs would take advantage of shareholder remedies if no action were taken by the board.

  • Hurd v. Hurd

    Publication Date: 2020-02-19
    Practice Area: Trusts and Estates
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: John V. Work, John Work Law, Wilmington, DE for plaintiff.
    for defendant: Jackson Shrum, Jack Shrum, P.A., Wilmington, DE for defendant. Harold W.T. Purnell, II, Sergovic Car-mean Weidman McCartney & Owens P.A., Georgetown, DE for intervenor. David J. Ferry, Jr. and Brian J. Ferry, Ferry Joseph, P.A., Wilmington, DE for receiver.

    Case Number: D68881

    A conflict existed between a settlor's primary purpose to benefit his surviving spouse and the settlor's wishes regarding the appointment of a trustee.

  • MKE Holdings Ltd. v. Schwartz

    Publication Date: 2020-02-12
    Practice Area: Corporate Governance
    Industry: Agriculture | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Thomas E. Hanson, Jr., Barnes & Thornburg LLP, Wilmington, DE for plaintiffs.
    for defendant: Blake Rohrbacher, Richards, Layton & Finger, P.A., Wilmington, DE; John F. Hartmann and Abdus Samad Pardesi, Kirkland & Ellis LLP, Chicago, IL for defendants and nominal defendant.

    Case Number: D68875

    Limited liability company members alleged sufficient facts to support their claims against defendant managers for breaches of the operating agreement and fraud.

  • Lyons Ins. Agency, Inc. v. Wark

    Publication Date: 2020-02-12
    Practice Area: Employment Litigation
    Industry: Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: James S. Green, Sr. and Jared T. Green, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE for plaintiff.
    for defendant: John A. Sensing and Jesse L. Noa, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: D68874

    The parties' non-compete agreement was presumptively valid, but the liquidated damages provision was unenforceable under the facts of this case as a matter of public policy. Because the former employee did not solicit business from the clients of her for-mer employer, the liquidated damages provision amounted to a penalty.

  • Borealis Power Holdings Inc. v. Hunt Strategic Util. Inv., LLC

    Publication Date: 2020-02-05
    Practice Area: Corporate Entities
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: William M. Lafferty, Thomas W. Briggs, Jr., Daniel T. Menken, and Aubrey J. Morin, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Richard I. Werder, Jr., Renita N. Sharma, Elisabeth B. Miller, and Ryan A. Rakower, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for plaintiffs and defendants Borealis Power Holdings Inc. and BPC Health Corporation.
    for defendant: Blake Rohrbacher, Brian S. Yu, and Kevin M. Regan, Richards, Layton & Finger P.A., Wilmington, DE; Neil A. Steiner, Dechert LLP, New York, NY for plaintiff intervenors Cheyne Walk Investments. David C. McBride, Martin S. Lessner, Ryan M. Bartley, and Paul J. Loughman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; J. Christopher Shore and Alive Tsier, White & Case LLP, New York, NY; Aaron Colodny, White & Case LLP, Los Angeles, CA, attorneys for plaintiff intervenors and defendants Sempra Texas Holdings Corp and Sempra Texas Intermediate Holding Co. Peter J. Walsh, Jr., J. Matthew Belger, and Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; Jessica B. Pulliam, Baker Botts LLP, Dallas, TX; Vernon Cassin, Baker Botts LLP, Washington, DC; P. Clarkson Collins, Jr., Ian D. McCauley, and Kathleen A. Murphy, Morris James LLP, Wilmington, DE, attorneys for defendant Hunt Strategic Utility Investment.

    Case Number: D68862

    One party had superior right of first refusal for purchase of offered shares where the parties' shareholders agreement provided that any sale could not violate an investor rights agreement, which granted the party with the superior right its right of first refusal.

  • Marubeni Spar One, LLC v. Williams Field Serv. Gulf Coast Co., L.P.

    Publication Date: 2020-01-22
    Practice Area: Contractual Disputes
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Brian E. Farnan and Michael J. Farnan, Farnan LLP, Wilmington, DE; Thomas J. Heiden, Mary Rose Alexan-der and Thomas A. Benhamou, Latham & Watkins LLP, Chicago, IL for plaintiff.
    for defendant: Adam V. Orlacchio, Barry Abrams, Joshua A. Huber and Stephanie Holden, Blank Rome LLP, Wilmington, DE and Houston, TX for defendant.

    Case Number: D68849

    The parties' contract was ambiguous and discovery was needed to determine the parties' intent.

  • LVI Group Inv., LLC v. NCM Group Holdings, LLC

    Publication Date: 2020-01-15
    Practice Area: Mergers and Acquisitions
    Industry: Construction
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Rudolf Koch, Matthew W. Murphy and Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Steven C. Flors-heim, Greg Shinall, Daniel A. Shmikler, Michael G. Dickler and Trevor K. Scheetz, Sperling & Slater, P.C. , Chicago, IL for plaintiff.
    for defendant: Richard D. Heins and Philip Trainer, Jr., Ashby & Geddes, Wilmington, DE; Stephen Novack, Donald A. Tarkington, Andrew D. Campbell, Elizabeth C. Wolicki and Yvette V. Mishev, Novack and Macey LLP, Chicago, IL for defendants NCM Group, Ev-ergreen Pacific Partners entities, Brillon, Nibarger and Bernardez. Peter B. Ladig, Bayard P.A., Wilmington, DE for NCM Group as to claims against counter-defendants. John A. Sensing, Potter Anderson & Corroon LLP, Wilmington, DE; John J. Quinn, Law Office of John J. Quinn; Dylan P. Kletter and Kelsey D. Bond, Brown Rudnick LLP, Hartford, CT for defendant Khara. Thomas A. Uebler and Kerry M. Porter, McCollum D’Emilio Smith Uebler LLC, Wilmington, DE; Jeffrey H. Bergman, Mandell Menkes LLC, Chicago, IL for counter-defendants.

    Case Number: D68841

    The court granted some of the parties' summary judgment motions in this fraud matter, but denied others due to disputed is-sues of fact.

  • Morrison v. Berry

    Publication Date: 2020-01-15
    Practice Area: Corporate Governance
    Industry: Food and Beverage | Investments and Investment Advisory | Retail
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA for plaintiff.
    for defendant: Rudolf Koch, Matthew D. Perri and John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Adam L. Sisitsky, Lavinia M. Weizel, Robert I. Bodian and Scott A. Rader, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY and Boston, MA for independent director defendants. William B. Chandler III, Bradley D. Sorrels, Lindsay K. Faccenda and Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE for defendant Duggan. Patricia L. Enerio, Jamie L. Brown and Gillian L. Andrews, Heyman Enerio Gattuso & Hirzell LLP, Wilmington, DE for defendant Anicetti. Kevin G. Abrams, J. Peter Shindel, Jr. and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Matthew A. Schwartz and Joshua S. Levy, Sullivan & Cromwell LLP, New York, NY for J.P. Morgan defendants. William M. Lafferty, S. Mark Hurd, Thomas W. Briggs, Jr., Richard Li and Elizabeth A. Mullin, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Stuart W. Gold and Richard W. Clary, Cravath, Swaine & Moore LLP, New York, NY for defendant Cravath, Swaine & Moore LLP. Kevin R. Shannon, Matthew F. Davis and Nicholas S. Prust, Potter Anderson & Corroon LLP, Wilmington, DE; Jonathan Rosenberg and Abby F. Rudzin, O’Melveny & Myers LLP, New York, NY for Apollo defendants. John L. Reed, Peter H. Kyle and David Clarke, Jr., DLA Piper LLP, Wilmington, DE and Washington, DC for Berry defendants.

    Case Number: D68842

    The court granted defendant directors' motions to dismiss.