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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.
Publication Date: 2019-01-16
Practice Area: Contractual Disputes | Intellectual Property
Industry: Electronics | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Adam W. Poff, Tammy L. Mercer, and Paul J. Loughman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Steven Morgans, Myers Billion LLP, Sioux Falls, SD for plaintiffs.
for defendant: Herbert W. Mondros, Margolis Edelstein, Wilmington, DE for defendants.
Case Number: D68422
Intellectual property licensor properly terminated agreement where licensee breached provision to take no action against or with third-party infringer by offering to sublicense IP, and then failed to comply with licensor's instructions to cure the breach.
Publication Date: 2019-01-09
Practice Area: Contractual Disputes | Mergers and Acquisitions
Industry: Biotechnology
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Richard L. Renck, Oderah C. Nwaeze, John J. Soroko, Wayne A. Mack, Jessica Priselac and Joseph J. Pangaro of Duane Mor-ris LLP, Wilmington, DE for plaintiffs.
for defendant: Kevin Shannon and J. Matthew Belger of Potter Anderson & Corroon LLP, Wilmington, DE; Jay P. Lefkowitz, Matthew So-lum, Shireen A. Barday, Amanda B. Elbogen and Z. Payvand Ahdout of Kirkland & Ellis LLP, New York, NY for defendants.
Case Number: D68417
The court allowed a breach of contract claim to proceed where it was unclear whether a defendant used commercially reason-able efforts, but plaintiffs failed to state a claim for tortious interference and breach of the implied covenant of good faith and fair dealing.
Publication Date: 2019-01-02
Practice Area: Legal Ethics and Attorney Discipline
Industry: Legal Services | Retail
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Stephen L. Caponi and Matthew B. Goeller, K&L Gates LLP, Wilmington, DE for plaintiff.
for defendant: Richard M. Beck and Sean M. Brennecke, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE; Clifford A. Wolff, Wolff Law, Fort Lauderdale, FL; David K. Stein, Bricker & Eckler, Columbus, OH for defendants.
Case Number: D68408
Pro hac vice admission terminated and sanctions imposed where counsel's conduct demonstrated a settled intent to intimidate deposition witnesses and harass opposing counsel, reflecting conduct unbecoming an attorney.
Publication Date: 2018-12-19
Practice Area: Mergers and Acquisitions | Private Equity and Venture Capital
Industry: Financial Services and Banking | E-Commerce
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Gregory V. Varallo, Rudolf Koch, and Robert L. Burns, Richards, Layton & Finger, P.A., Wilmington, DE; Stephen D. Poss and Adam Slutsky, Goodwin Procter LLP, Boston, MA for plaintiffs.
for defendant: William B. Chandler III, Ian R. Liston, and Jessica A. Hartwell, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Mark A. Kirsch, Scott A. Edelman, Aric H. Wu, Jeremy W. Stamelman, and Laura K. O'Boyle, Gibson, Dunn & Crutcher LLP, New York, NY; Lewis H. Lazarus and Meghan A. Adams, Morris James LLP, Wilmington, DE; Peter N. Flocos and Joanna A. Diakos, K&L Gates LLP, New York, NY; David S. Eagle and Sean M. Brennecke, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE; Michael K. Coran, William T. Hill, Monica Clarke Platt, and Gregory R. Sellers, Klehr Harrison Harvey Branzburg LLP, Philadelphia, PA for defendants.
Case Number: D68390
Plaintiff granted judgment on its claim of breach of representations and warranties in merger agreement where defendants were found to have concealed the circumstances of their company's termination by a partner and violation of card merchant rules.
Law Journal Press | Digital Book
Authors: Rosemary Alito
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Publication Date: 2018-11-14
Practice Area: Trusts and Estates
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Peter S. Gordon and William M. Kelleher of Gordon Fournaris & Mammarella, P.A., Wilmington, DE; Alan T. Yoshitake and Patricia N. Chock of Seyfarth Shaw LLP, Los Angeles, CA for petitioners.
for defendant: Jon E. Abramczyk, Todd A. Flubacher and Matthew R. Clark of Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Robert N. Sacks and Matthew W. McMurtrey of Sacks, Glazier, Franklin & Lodise LLP, Los Angeles, CA for respondent.
Case Number: D68354
Based on the plain language of a trust, the settlor intended to provide for a per stirpes distribution.
Publication Date: 2018-10-17
Practice Area: Employment Litigation
Industry: Recruitment and Staffing
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Philip Trainer, Jr., Aaron P. Sayers, Rachel B. Cowen, Michael J. Sheehan and Christopher W. Cardwell for plaintiff
for defendant: Philip A. Rovner, Jonathan A. Choa, Kenneth M. Fitzgerald and Keith M. Cochran for defendant.
Case Number: D68322
The Delaware choice of law provision in the parties' employment contract was enforceable, and another state's prohibition on non-competition agreements did not apply.
Publication Date: 2018-10-10
Practice Area: Business Torts | Labor Law
Industry: Insurance
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Michael P. Kelly, Andrew S. Dupre, and Janine L. Faben, attorneys for plaintiff
for defendant: Herbert W. Mondros, Krista Reale Samis, Christopher A. Tinari and Michael R. Miller, attorneys for defendants.
Case Number: D68311
Former employee breached employment agreement by leaving plaintiff to work for competitor to service clients in employee's book of business, in which plaintiff had invested sums to ensure employee's ability to service, thereby granting plaintiff an interest in said book of business.
Publication Date: 2018-08-15
Practice Area: Business Torts | Mergers and Acquisitions
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: A. Thompson Bayliss and E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; Peter M. Stone, Paul Hastings LLP, Palo Alto, CA, attorneys for plaintiffs
for defendant: D. McKinley Measley and Daniel T. Menken, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Overton Thompson III and Joseph B. Crace, Jr., Bass Berry & Sims PLC, Nashville, TN, attorneys for defendants.
Case Number: D68247
Contractual anti-reliance clause precluded plaintiffs from pleading justifiable reliance in support of claims of extracontractual fraud.
Publication Date: 2018-08-08
Practice Area: Corporate Governance
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Kurt M. Heyman, Melissa N. Donimirski, Jason M. Leviton and Joel A. Fleming for plaintiff
for defendant: Donald J. Wolfe, Jr., Peter J. Walsh, Jr., Brian C. Ralston, Tyler J. Leavengood, Jaclyn C. Levy, Aaron R. Sims and Richard B. Harper for defendants Liberty Broadband, Malone and Maffei; Martin S. Less-ner, David C. McBride, James M. Yoch, Jr., Paul J. Loughman, William Savitt, Anitha Reddy and David Kirk for remaining defendants.
Case Number: D68243
A stockholder failed to state any direct claims, but he adequately alleged demand futility and a viable deriva-tive claim for breach of fiduciary duty.
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