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  • XRI Inv. Holdings LLC v. Holifield

    Publication Date: 2022-09-27
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: A. Thompson Bayliss, John M. Seaman, Eric A. Veres, Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; Margaret H. Allen, Yolanda C. Garcia, Angela C. Zambrano, Sidley Austin LLP, Dallas, TX for plaintiff.
    for defendant: Michael W. McDermott, Richard I. G. Jones, Jr., David B. Anthony, Zachary J. Schnapp, Berger Harris LLP, Wilmington, DE for defendants.
    Case Number: 2021-0619-JTL

    Though the LLC agreement's provisions required declaring the transfer of member interest void ab initio, case law might need to be reconsidered to allow courts of equity to consider equitable defenses to breach of contract claims.

  • In re P3 Health Group Holdings, LLC

    Publication Date: 2022-09-27
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY for plaintiff.
    for defendant: William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk IV, Potter Anderson & Corroon LLP, Wilmington, DE; Elena C. Norman, Paul J. Loughman Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for defendants.
    Case Number: 2021-0518-JTL

    The court could exercise personal jurisdiction over the general counsel/chief legal officer of Delaware LLC who by virtue of that position would materially participate in the company's management and therefore would qualify as an acting manager.

  • Rivest v. Hauppauge Digital, Inc.

    Publication Date: 2022-09-13
    Practice Area: Corporate Entities
    Industry: Electronics | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor Laster
    Attorneys: For plaintiff: Marcus E. Montejo, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiff;
    for defendant: Douglas J. Cummings, DCummings Law, LLC, Wilmington, DE for defendant.
    Case Number: 2019-0848-PWG

    Court overruled master's recommendations for confidentiality for financial records produced under §220 request where company only managed to cite generalized concerns about loss of customers and suppliers, and shareholder had prevailing interest in obtaining valuation of his shares in long-dark company.

  • Lentz v. Mathias

    Publication Date: 2022-07-26
    Practice Area: Securities Litigation
    Industry: Construction | Investments and Investment Advisory | Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Andrew W. Lentz, plaintiff pro se
    for defendant: Shah Mathias, defendant pro se; Debra Mathias, defendant pro se; Robert Choiniere, defendant pro se; Bryan Elicker, defendant pro se; Robert Todd Reynold, defendant pro se; James Becker, defendant pro se; Steve Trout, defendant pro se; John W. Thompson, defendant pro se; Shahjahan C. Mathias, defendant pro se; Donald E. Williams, Jr., defendant pro se; Keith Doyle, defendant pro se; Suhail Matthias, defendant pro se; James Kingsborough, defendant pro se; Joseph Silbaugh, defendant pro se; Kevin Eisenhart, defendant pro se; Kurt Bauer, defendant pro se.
    Case Number: D69894

    Court issued temporary injunction barring tender offer after finding that controllers provided misleading and false disclosures in connection with the offer and had made coercive threats to induce non-tendering stockholders to tender.

  • W.D.C. Holdings, LLC v. IPI Partners, LLC

    Publication Date: 2022-07-05
    Practice Area: Corporate Entities
    Industry: E-Commerce | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Stephen B. Brauerman, Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Christopher O. Murray, Julian R. Ellis, Jr., Brownstein Hyatt Farber Schreck, LLP, Denver, CO for plaintiffs.
    for defendant: Matthew F. Davis, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; Charles F. Connolly, Akin Gump Strauss Hauer & Feld, Washington, DC; Stephen M. Baldini, Stephanie Lindemuth, Akin Gump Strauss Hauer & Feld, New York, NY for defendants.
    Case Number: D69872

    Partner who was removed from joint venture plausibly alleged that co-venturer improperly asserted cause to exercise its removal rights, thereby constituting a non-exculpated breach of the joint venture agreement.

  • Law Journal Press | Digital Book

    Florida Evidence and Procedure 2019

    Authors: Patrick S. Montoya, Ervin A. Gonzalez, Ervin A. Gonzalez, Ervin A. Gonzalez, Ervin A. Gonzalez

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  • Garfield v. Allen

    Publication Date: 2022-06-07
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Retail
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Brian Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Steven J. Purcell, Douglas E. Julie, Robert H. Lefkowitz, Anisha Mirchandani, Purcell Julie & Lefkowitz LLP, New York, NY for plaintiff.
    for defendant: Brian M. Rostocki, Benjamin P. Chapple, Justin M. Forcier, Reed Smith LLP, Wilmington, DE; William M. Regan, Allison M. Wuertz, Hogan Lovells US LLP, New York, NY for defendants.
    Case Number: D69838

    Stockholder alleged sufficient claim of breach of fiduciary duty by board in claiming that he had notified board that an officer's equity compensation award violated the express limitations of the company's plan and the board took no action to rectify the error.

  • Goldstein v. Denner

    Publication Date: 2022-06-07
    Practice Area: Corporate Governance
    Industry: Biotechnology | Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott P.A., Wilmington, DE; R. Bruce McNew, Cooch & Taylor P.A., Wilmington, DE; Randall J. Baron, David T. Wissbroecker, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Nashville, TN; Brett Middleton, Johnson Fistel, LLP, New York, NY for plaintiff.
    for defendant: Matthew D. Stachel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Daniel J. Kramer, Geoffrey R. Chepiga, Daniel J. Juceam, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Stephen E. Jenkins, Richard D. Heins, Ashby & Geddes, P.A., Wilmington, DE; Tariq Mundiya, Sameer Advani, Richard Li, M. Annie Houghton-Larsen, Willkie Farr & Gallagher LLP, New York, NY for defendants.
    Case Number: D69839

    Non-exculpated fiduciary duty claims against directors survived dismissal where plaintiff pled sufficient facts to support inference that directors were financially and professionally aligned with activist investor/director who allegedly profited off insider information to the detriment of public shareholders.

  • In the Matter of Global Safety Labs, Inc.

    Publication Date: 2022-05-24
    Practice Area: Corporate Entities
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Marc S. Casarino, Karine Sarkisian, Kennedys CMK LLP, Wilmington, DE for petitioner.
    for defendant: N/A
    Case Number: D69823

    Due to the lack of sufficient information in a §280 petition to determine obligations to post security, a winding-up company was directed to file a document similar to a bankruptcy "first-day declaration."

  • Metro Storage Int'l LLC v. Harron

    Publication Date: 2022-05-17
    Practice Area: Labor Law
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: David C. McBride, Emily V. Burton, Lauren Dunkle Fortunato, M. Paige Valeski, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Harold C. Hirshman, Leah R. Bruno, Jacqueline A. Giannini, Dentons US LLP, Chicago, IL for plaintiffs.
    for defendant: E. Chaney Hall, Kasey H. DeSantis, Fox Rothschild LLP, Wilmington, DE; Jeffrey L. Widman, Fox Rothschild LLP, Chicago, IL for defendant.
    Case Number: D69816

    President of company breached duty of loyalty by continuing to provide substantially similar consulting services to third parties in violation of covenant to devote full time to the president position, and by using the company's confidential information to consult for third parties.

  • In re Delaware Pub. Sch. Litig.

    Publication Date: 2022-05-10
    Practice Area: Education Law
    Industry: Non-Profit | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Richard H. Morse, Community Legal Aid Society, Inc., Wilmington, DE; Dwayne Bensing, ACLU Foundation of Delaware, Inc., Wilmington, DE; Saul P. Morgenstern, Peta Gordon, Arnold & Porter Kaye Scholer LLP, New York, NY for plaintiffs.
    for defendant: Mary A. Jacobson, Adam J. Singer, Nicholas J. Brannick, New Castle County Law Department, New Castle, DE; Craig T. Eliassen, Gary E. Junge, Schmittinger & Rodriguez, P.A., Dover, DE; Krista M. Reale, Margolis Edelstein, Wilmington, DE, attorneys for defendants.
    Case Number: D69808

    Court denied application to take interlocutory appeal from order finding plaintiffs were entitled to an award of fees and costs in suit to challenge school district taxation, where the order did not fix the amount of the award, and an interlocutory appeal risked piecemeal litigation.