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Publication Date: 2021-03-17
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Ned Weinberger, Derrick Farrell, Labaton Sucharow LLP, Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Jeroen van Kwawegen, Christopher J. Orrico and Alla Zayenchik, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Stephen E. Jenkins, Marie M. Degnan, Ashby & Geddes, P.A., Wilmington, DE for plaintiffs.
for defendant: Martin S. Lessner, James M. Yoch, Jr., Paul J. Loughman, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Brian J. Massengill, Matthew C. Sostrin, Linda X. Shi, Mayer Brown LLP, Chi-cago, IL for defendants.
Case Number: D69329
Neither collateral estoppel nor the doctrine of stare decisis precluded plaintiffs' claims.
Publication Date: 2021-02-24
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Michael Hanrahan, Samuel L. Closic, Stephen D. Dargitz, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Lee D. Rudy, J. Daniel Albert, Stacey A. Greenspan, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiff.
for defendant: Kevin R. Shannon, Berton W. Ashman, Jr., Daniel M. Rusk, IV, Potter Anderson & Corroon LLP, Wilmington, DE; Ryan A. McLeod, Alexandra P. Sadinsky, Wilfred T. Beaye, Jr., Wachtell, Lipton, Rosen & Katz, New York, NY; William M. Lafferty, John P. DiTomo, Alexandra M. Cumings, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Scott B. Luftglass, Rebecca L. Martin, Anne S. Aufhauser, Fried, Frank, Harris, Shriver & Jacobson LLP, New York, NY; Raymond J. DiCamillo, Kevin M. Gallagher, Megan E. O’Connor, Richards, Layton & Finger, P.A, Wilmington, DE; John L. Hardiman, Sullivan & Cromwell LLP, New York, NY; A. Thompson Bayliss, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; Matthew Solum, Courtney A. Carvill, Kirkland & Ellis LLP, New York, NY for defendants.
Case Number: D69302
CEO held personal interest in proposed acquisition transaction that he was not entitled to exculpation for, and company's financial advisor and winning bidder aided and abetted breaches of fiduciary duties by exchanging information regarding the company's bidding process.
Publication Date: 2021-02-17
Practice Area: Discovery
Industry: Insurance | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Michael W. Teichman, Elio Battista, Jr., Judy M. Jones, Parkowski, Guerke & Swayze, P.A., Wilmington, DE; Eric P. Haas, Gardner Haas PLLC, Dallas, TX for plaintiffs.
for defendant: Paul D. Brown, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; William B. Kerr, Kerr, LLP, New York, NY for defendants.
Case Number: D69301
The court granted plaintiffs' motion to compel production, and it denied defendants' motion for a retroac-tive extension of time in which to respond to plaintiffs' discovery requests.
Publication Date: 2021-02-03
Practice Area: Contractual Disputes
Industry: Retail | Software
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Daniel A. Griffith, Whiteford Taylor Preston LLC, Wilmington, DE; Christopher H.M. Carter, Daniel M. Deschenes, Laurel M. Gilbert, Hinkley Allen & Snyder LLP, Manchester, NH for plaintiff.
for defendant: Andrew S. Dupre, Brian Lemon, Stephanie H. Dallaire, McCarter & English, LLP, Wilmington, DE for de-fendants.
Case Number: D69284
The court granted plaintiff's request for a preliminary injunction, but only for long enough to provide a transition period in which plaintiff could obtain replacement services.
Publication Date: 2021-01-20
Practice Area: Corporate Entities
Industry: Consulting
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Joel Friedlander, Christopher M. Foulds, Christopher Quinn, Friedlander & Gorris, P.A., Wilmington, DE for petitioner.
for defendant: Maura L. Burke, Courtney A. Emerson, Katelyn M. Crawford, Fox Rothschild LLP, Wilmington, DE; Emily A. Kaller, Greenbaum, Rowe, Smith & Davis LLP, Woodbridge, NJ for respondent.
Case Number: D69264
Confidentiality order in appraisal action could be modified to allow for additional plenary claims that came to light during discovery in the appraisal proceedings.
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Publication Date: 2020-12-30
Practice Area: Corporate Governance
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Scott D. Cousins, Cousins Law, LLC, Wilmington, DE; Luis Salazar, Jose Ceide, Daniel Halperin, Salazar Law, Miami, FL for plaintiff.
for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Skadden, Arps, Slate, Meagher & Flom LLP, Wil-mington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for defendants.
Case Number: D69244
An insolvent company failed to establish a reasonable probability of success on the merits, so the court de-nied its request for a preliminary injunction.
Publication Date: 2020-11-18
Practice Area: Business Torts
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Travis S. Hunter, Dorronda R. Bordley, Richards, Layton & Finger, P.A., Wilmington, DE; Michael V. Rella, Murphy & McGonigle, New York, NY for plaintiff.
for defendant: Daniel M. Silver, Travis J. Ferguson, Alexandra M. Joyce, McCarter & English, LLP, Wilmington, DE for defendants.
Case Number: D69190
Tortious interference and misappropriation case against competitor who employed former worker dismissed on forum non conveniens grounds where the parties were already engaged in litigation in California, whose law was more likely to govern the issues in the matter.
Publication Date: 2020-11-11
Practice Area: Corporate Governance
Industry: E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: P. Bradford deLeeuw, deLeeuw Law LLC, Wilmington, DE; Robert C. Schubert, Schubert Jonckheer & Kolbe LLP, San Francisco, CA; James E. Miller, Shepherd Finkelman Miller & Shah, LLP, Chester, CT for plaintiff.
for defendant: Kevin R. Shannon, Berton W. Ashman, Jr., Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilming-ton, DE; William Savitt, Ryan A. McLeod, Anitha Reddy, Cecilia A. Glass, Wachtell, Lipton, Rosen & Katz, New York, NY; Raymond J. DiCamillo, Kevin M. Gallagher, Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE; George M. Garvey, Laura Lin, Munger, Tolles & Olson LLP, Los Angeles, CA; David E. Ross, Garrett B. Moritz, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE for defendants.
Case Number: D69189
Plaintiffs failed to establish demand futility because a majority of the board was capable of impartially con-sidering a litigation demand.
Publication Date: 2020-11-11
Practice Area: Labor Law
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Travis S. Hunter, Dorronda R. Bordley, Richards, Layton & Finger, P.A., Wilmington, DE; Michael V. Rella, Murphy & McGonigle, New York, NY for plaintiff.
for defendant: Daniel M. Silver, Travis J. Ferguson, Alexandra M. Joyce, McCarter & English, LLP, Wilmington, DE for defendants.
Case Number: D69184
Delaware choice-of-forum provisions failed to subject employee to personal jurisdiction where employee lived and worked in California, which therefore had the materially greater interest in the litigation, and whose law predominated over Delaware law and included fundamental policies allowing employees to invalidate choice-of-forum provisions in contracts entered into as a condition of employment.
Publication Date: 2020-11-04
Practice Area: Corporate Entities
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Paul J. Lockwood, Arthur R. Bookout, Matthew P. Majarian, Gregory P. Ranzini, Skadden, Arps, Slate, Meagher & Flom Llp, Wilmington, DE for petitioner.
for defendant: Albert H. Manwaring, IV, Kirsten A. Zeberkiewicz, Morris James LLP, Wilmington, DE; Thad J. Bracegirdle, Bayard, P.A., Wilmington, DE; Christopher P. Simon, Kevin S. Mann, David G. Holmes, Cross & Simon, LLC, Wilmington, DE; E.F. Anthony Merchant, Q.C., Merchant Law Group LLP, Regina, Saskatchewan; Evan W. Rassman, Reger Rizzo & Darnall LLP, Wilmington, DE; Michael F. Long, Watkins & Letofsky, LLP, Santa Ana, CA; Michael A. Pittenger, Berton W. Ashman, Jr., David A. Seal, Potter Anderson & Corroon, LLP, Wilmington, DE; William Savitt, Adam M. Gogolak, Wachtell, Lipton, Rosen & Katz, New York, NY for claimants.
Case Number: D69175
Company seeking to make interim stockholder distribution directed to holdback full reserve requested by claimants due to pending nature of class action in foreign country, making it impractical for the court to anticipate the outcome of the action.
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