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Publication Date: 2019-06-26
Practice Area: Real Estate
Industry: Hospitality and Lodging
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Richard E. Berl, Jr., Hudson, Jones, Jaywork & Fisher, LLC, Lewes, DE for petitioner
for defendant: Dean A. Campbell, Law Office of Dean A. Campbell, P.A., Georgetown, DE for respondents.
Case Number: D68606
Maximum occupancy restriction in declaration of condominium was enforceable against unit owner where such restriction was facially neutral, did not conflict with local ordinance, and where owner had constructive notice of the restriction.
Publication Date: 2019-06-19
Practice Area: Contractual Disputes
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: John A. Sensing and Ryan C. Cicoski, Potter Anderson & Corroon LLP, Wilmington, DE for plaintiff.
for defendant: Steven L. Caponi, K&L Gates LLC, Wilmington, DE; Gary W. Garner and Jonathan Miller, Williams Montgomery & John Ltd., Chicago, IL for defendant.
Case Number: D68603
Plaintiffs lacked standing to pursue relief on behalf of third parties, and the absolute litigation privilege prevented a court in equity from specifically enforcing a contractual non-disparagement.
Publication Date: 2019-06-12
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Bruce E. Farnan, Michael J. Farnan and Rosemary J. Piergiovanni, Farnan LLP, Wilmington, DE; A. Arnold Gershon and Mi-chael A. Toomey, Barrack, Rodos & Bacine, New York, NY for plaintiff.
for defendant: Kevin G. Abrams, J. Peter Shindel, Jr. and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Robert J. Guiffra, Jr. and David M.J. Rein, Sullivan & Cromwell LLP, New York, NY for director defendants. Gregory V. Varallo, Kevin M. Gallagher and Robert L. Burns, Richards, Layton & Finger, P.A., Wilmington, DE for The Goldman Sachs Group, Inc.
Case Number: D68597
The entire fairness standard of review applied to the question of director self-compensation.
Publication Date: 2019-05-15
Practice Area: Corporate Entities
Industry: Consulting
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: David A. Jenkins and Laurence V. Cronin, Smith Katzenstein & Jenkins LLP, Wilmington, DE for plaintiffs.
for defendant: Bruce E. Jameson and Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Robert M. Cary, Alexander S. Zolan and Robert M. Belden, Williams & Connolly LLP, Washington, DC for defendants.
Case Number: D68564
The withdrawing member of a limited liability company was entitled to half the value of the company as of the date of with-drawal, less the amount he owed on his capital account.
Publication Date: 2019-04-17
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Transportation
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Michael J. Barry, Jeff A. Almeida and Rebecca A. Musarra, Grant & Eisenhofer, P.A., Wilmington, DE for plaintiff.
for defendant: R. Judson Scaggs, Jr., Susan W. Waesco and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Susan S. Muck, Kevin P. Muck and Marie C. Bafus, Fenwick & West LLP, San Francisco, CA for defendants Camp, Graves, Huffinton, Al-Rumayyan, Gurley and Bonderman. Donald J. Wolfe, Jr., T. Brad Davey, J. Matthew Belger and Jacob R. Kirk-ham, Potter Anderson & Corroon LLP, Wilmington, DE for defendant Kalanick. Jody C. Barillare, Susan D. Resley and Marc J. Sonnenfield, Morgan, Lewis & Bockius LLP, Wilmington, DE for defendant Yoo. A. Thompson Bayliss and Michael A. Barlow, Abrams & Bayliss LLP, Wilmington, DE; Mark P. Gimbel, C. William Phillips and Bryant Pulsipher, Covington & Burling LLP, New York, NY and San Francisco, CA for defendant Uber Technologies.
Case Number: D68533
Plaintiff in this derivative action failed to demonstrate that demand on the board of directors would have been futile due to the directors' inability to exercise business judgment with regard to the matter.
Law Journal Press | Digital Book
Authors: Daniel A. Cohen, Joshua Feinstein
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Publication Date: 2019-04-10
Practice Area: Corporate Entities | Dispute Resolution
Industry: Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Michael W. McDermott and David B. Anthony, Berger Harris LLP, Wilmington, DE; Benjamin C. Curcio, Paul F. Campano, Jessica A. Tracy, Michael D. Zahler, and Jason S. Haller Curcio Mirzaian Sirot LLC, Roseland, NJ for plaintiffs.
for defendant: Garrett B. Moritz and Bejamin Z. Grossberg, Ross Aronstam & Moritz LLP, Wilmington, DE; Andrew E. Anselmi and Zachary D. Wellbrock, McCusker, Anselmi, Rosen & Carvelli, P.C., Florham Park, NJ; Samuel T. Hirzel, II and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Andrew D. Cordo and F. Troupe Mickler IV, Ashby & Geddes, Wilmington, DE; Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Brian A. Herman, Morgan, Lewis & Bockius LLP, New York, NY; Ryan P. Newell and Lauren P. DeLuca, Connolly Gallagher, LLP, Wilmington, DE; Phillip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.
Case Number: D68518
Claims for breach of restrictive covenants were stayed pending arbitration on the issue of arbitrability given the broad scope of the covenants' arbitration clauses, but dismissed where the court lacked jurisdiction over defendants who did not qualify as a "manager" of the domestic LLC.
Publication Date: 2019-04-03
Practice Area: Corporate Entities
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: C. Barr Flinn, Emily V. Burton, and Daniel Kirshenbaum, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael J. Bowe, Alexander B. Simkin, and John A. Dunn, Kasowitz Benson Torres LLP, New York, NY for plaintiff.
for defendant: Ryan P. Newell, Kyle Evans Gay, and Shaun Michael Kelly, Connolly Gallagher LLP, Wilmington, DE; Stan Chelney and Philipp Smaylovsky, Chelney Law Group PLLC, New York, NY for defendants.
Case Number: D68512
Reformation of LLCs agreements denied where there was no clear and convincing evidence the language of the agreements failed to reflect the members' true intent or that the non-moving party knew the agreements failed to reflect the parties' intent and failed to inform his fellow members.
Publication Date: 2019-03-27
Practice Area: Mergers and Acquisitions
Industry: Consumer Products | Retail
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: William B. Chandler III, Bradley D. Sorrels, Shannon E. German, Andrew D. Berni, David J. Berger and Katherine Henderson, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE and Palo Alto, CA; Wil-liam M. Lafferty, Thomas W. Briggs, Jr. and Richard Li, Morris, Nichols, Arsht & Tunnell LLP, Wilming-ton, DE; Tariq Mundiya, Jeffrey Korn, Sameer Advani and Shaimaa Hussein, Willkie Farr & Gallagher LLP, New York, NY for plaintiffs.
for defendant: David R. Ross and S. Michael Sirkin, Ross Aronstam & Moritz LLP, Wilmington, DE; Bruce Van Dalsem, William C. Price, Scott B. Kidman, Andrew J. Rossman, Jane M. Byrne, Corey Worcester, Ellyde R. Thompson, Guyon H. Knight, Elisabeth B. Miller and Hope D. Skibitsky, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA and New York, NY for intervenor-plaintiff B. Riley Financial. Michael A. Pittenger, T. Brad Davey, Matthew F. Davis, Jacqueline A. Rogers and Caneel Radinson-Blasucci , Potter Anderson & Corroon LLP, Wilmington, DE; John W. Spiegel, George M. Garvey, Robert L. Dell Angelo and John M. Gildersleeve, Munger Tolles & Olson LLP, Los Angeles, CA for defendant.
Case Number: D68509
Plaintiffs failed to demonstrate that a merger agreement's end date was extended or that defendant was barred from exercising its right to terminate the agreement.
Publication Date: 2019-03-20
Practice Area: Contractual Disputes
Industry: Construction
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Donald L Logan and Victoria K. Petrone, Logan & Petrone, LLC, New Castle, DE for petitioner.
for defendant: Samuel L. Guy, Wilmington, DE for respondents.
Case Number: D68498
The court denied a contractor's motion to reopen a case for supplemental relief, because the contractor could have raised the issue previously, but did not do so.
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.
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