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Publication Date: 2019-12-18
Practice Area: Trusts and Estates
Industry: Financial Services and Banking | Legal Services
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Richard L. Renck, Oderah C. Nwaeze and Jocelyn M. Borowsky, Duane Morris LLP, Wilmington, DE for petitioner.
for defendant: Jeffrey S. Goddess, Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Michael H. Friedman, Kurzman Eisenberg Corbin & Lever, LLP, White Plains, NY for respondent Hadley Fisher. Christopher P. Simon and Kevin S. Mann, Cross & Simon LLC, guardian ad litem for Michael Fisher.
Case Number: D68810
A trust beneficiary was entitled to the production of documents relating to a trustee's communications with counsel regarding trust administration.
Publication Date: 2019-11-06
Practice Area: Corporate Governance
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: S. Michael Sirkin, Benjamin Z. Grossberg and R. Garret Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Jonathan D. Schiller, Christopher D. Belelieu, Karen A. Chesley and Gary R. Studen of Boies Schiller Flexner LLP, New York, NY for plaintiff.
for defendant: Michael A. Pittenger, Timothy R. Dudderar, Mathew A. Golden and David M. Hahn, Potter Anderson & Corroon LLP, Wil-mington, DE; Kenneth B. Black, Lauiren A. Shurman and Wesley F. Harward of Stoel Rives LLP, Salt Lake City, UT for de-fendant.
Case Number: D68764
Company breached a preferred stockholder's rights by changing its business plan and entering into a settlement with an inter-ested party without first obtaining the necessary consent from the preferred stockholder.
Publication Date: 2019-10-23
Practice Area: Corporate Entities
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: A. Thompson Bayliss, J. Peter Shindel, Jr., Abrams & Bayliss LLP, Wilmington, DE for plaintiffs.
for defendant: Srinivas M. Raju, Blake Rohrbacher, and Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Rolin P. Bissell, Young, Conaway, Stargatt & Taylor LLP, Wilmington, DE; Raniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Lawrence Portnoy, Charles S. Duggan, Gina Cora, Davis Polk & Wardwell LLP, New York, NY; Stephen P. Lamb, Andrew G. Gordon, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for defendants.
Case Number: D68744
Unitholders plausibly pled general partner's breach of partnership agreement by alleging general partner failed to follow provisions governing resolution of conflict of interest created by general partner's exercise of call right for publicly traded common units.
Publication Date: 2019-09-04
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Mining and Resources
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Samuel T. Hirzel, II, Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Lawrence M. Rolnick, Steven M. Hecht, Jonathan M. Kass and Glenn McGillivray, Lowenstein Sandler LLP, New York, NY for petitioners.
for defendant: S. Mark Hurd and Lauren Neal Bennett, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; James R. Warnot, Jr., Adam S. Lurie, Brenda D. DiLuigi, Nicole E. Jerry and Elizabeth M. Raulston, Linklaters LLP, New York, NY for respondent.
Case Number: D68690
In this statutory appraisal proceeding, the court concluded that the deal price was the most persuasive indicator of fair value at the time of the merger.
Publication Date: 2019-09-04
Practice Area: Corporate Governance
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Elena C. Norman, Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Louis R. Miller, Daniel S. Mil-ler and Jeffery B. White, Miller Barondess, LLP, Los Angeles, CA for plaintiffs.
for defendant: Kenneth J. Nachbar and Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE for defendants.
Case Number: D68693
A release provision in a settlement agreement was not effective to preserve plaintiffs' rights to pursue derivative or direct claims, because they had already sold their shares pursuant to separate repurchase agreements.
Law Journal Press | Digital Book
Authors: Gary L. Brown
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Publication Date: 2019-07-31
Practice Area: Business Torts
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Robert A. Penza and Christina M. Belitz, Polsinelli PC, Wilmington, DE for plaintiff.
for defendant: Andrew D. Cordo, F. Troupe Mickler IV, and Hayley M. Lenahan, Ashby & Geddes, P.A., Wilmington, DE; David A. Felice, Bailey & Glasser, LLP, Wilmington, DE for defendants.
Case Number: D68647
Fraud claims arising from investment in business sustained where plaintiff alleged defendant made specific misrepresentations to induce plaintiff's investment.
Publication Date: 2019-07-24
Practice Area: Attorney Rates and Arrangements | Corporate Entities
Industry: Consumer Products | Food and Beverage | Insurance
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Kurt M. Heyman and Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Jason M. Leviton and Joel A. Fleming, Block & Leviton LLP, Boston, MA for plaintiff.
for defendant: William B. Chandler III, Randy J. Holland, Bradley D. Sorrels, Lindsay Kwoka Faccenda, Boris Feldman and David J. Berger, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE and Palo Alto, CA for defendants Lake, Anderson, Gurley, Hansen, McCollam, Wood, Ahuja, Carolan, Hastings, Hendricks, Hunt, Leff, Rothrock and nominal defendants Stitch Fix, Inc. and Roku, Inc. Catherine G. Dearlove and Sarah T. Andrade, Richards, Layton & Finger, P.A., Wilmington, DE; Michael G. Bon-giorno and Timothy J. Perla, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY and Boston, MA for defendants Salz-berg, Bradley, Cool, Fox, Goodman, Hirshberg, Kelley and nominal defendant Blue Apron Holdings, Inc.
Case Number: D68642
The attorney fees sought by plaintiff were reasonable, so the court ordered each of the nominal defendants to pay one-third of the award.
Publication Date: 2019-06-05
Practice Area: Securities Litigation
Industry: Investments and Investment Advisory | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Elena C. Norman and Daniel M. Kirshenbaum, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Keith N. Sambur, Martin G. Durkin, and Andrew T. Gillespie, Holland & Knight, LLP, New York, NY for plaintiffs
for defendant: David E. Ross, Jr. and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Blair Connelly and Zachary L. Rowen, Latham & Watkins LLP, New York, NY for defendant.
Case Number: D68582
Convertible note issuer could amend indenture's conversion formula where indenture expressly authorized issuer to conform to the terms of the offering memorandum.
Publication Date: 2019-05-08
Practice Area: Contractual Disputes
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Brett M. McCartney and Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Shawn M. Kennedy, Modera Legal, Irvine, CA for plaintiff.
for defendant: Eric Lopez Schnabel, Alessandra Glorioso, John Baker and Bryan M. McGarry, Dorsey & Whitney LLP, Wilmington, DE and Costa Mesa, CA for defendant.
Case Number: D68555
A limited liability company agreement contained a forum selection clause naming the courts of another state, so the court granted defendant's motion to dismiss this Delaware proceeding.
Publication Date: 2019-03-27
Practice Area: Corporate Governance
Industry: Food and Beverage | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Kurt M. Heyman and Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Ja-son M. Leviton and Joel A. Fleming, Block & Leviton LLP, Boston, MA; Mark Lebovitch, Edware G. Timlin and David MacIsaac, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
for defendant: Kevin G. Abrams, Michael A. Barlow and Andrew J. Peach, Abrams & Bayliss LLP, Wilmington, DE; Mi-chael B. Carlinsky and Adam M. Abensohn, Quinn Emanuel Urquhart & Sullivan LLP, New York, NY for defendants. Kevin R. Shannon, Christopher N. Kelly and Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for nominal defendant Pilgrim's Pride Corp.
Case Number: D68506
Based on the company's bylaws, the court had personal jurisdiction over the parties to this dispute.
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