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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.
Publication Date: 2020-09-23
Practice Area: Mergers and Acquisitions
Industry: Insurance
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: William M. Lafferty, Kevin M. Coen, D. McKinley Measley, Zi-Xiang Shen, Thomas P. Will, Daniel T. Menken, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Glenn M. Kurtz, Claudine Columbres, Andrew W. Hammond, Gregory Starner, Camille M. Shepherd, Vatsala Sahay, White & Case LLP, New York, NY; Heather M. Burke, White & Case LLP, Palo Alto, CA; Dana E. Foster, White & Case LLP, Washington, DC for plaintiff.
for defendant: David E. Ross, Garrett B. Moritz, S. Michael Sirkin, Adam D. Gold, Benjamin Z. Grossberg, Anne M. Steadman, Ross Aronstam & Moritz LLP, Wilmington, DE; Stephen R. DiPrima, William Savitt, Graham W. Meli, Adam M. Gogolak, Lauren M. Kofke, S. Christopher Szczerban, Steven P. Winter, Claire E. Addis, Bita Assad, Daniel H. Rosenblum, Jacob Miller, Jeohn Salone Favors, Wachtell, Lipton, Rozen & Katz, New York, NY for defendant.
Case Number: D69128
Although merger partner failed to use best efforts to consummate the transaction, in breach of the agreement covenants, the counterpart to the merger was not entitled to expectation damages when government regulators would have ultimately blocked the merger on antitrust grounds.
Publication Date: 2020-08-26
Practice Area: Trade Secrets
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Lauren Neal Bennet, Sarah P. Kaboly and D. McKinley Measley, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Tracy N. Betz and Neil Peluchette, Taft, Stettinius & Hollister LLP, Indianapolis, IN for plaintiffs.
for defendant: Michael F. Bonkowski and Andrew L. Cole, Cole Schotz P.C., Wilmington, DE; Steven K. Fedder, Fedder & Janofsky LLC, Baltimore, MD for defendants.
Case Number: D69100
Although plaintiffs were not entitled to an injunction shutting down defendants' business, the court granted a limited temporary injunction regarding certain statements made by defendants on their website.
Publication Date: 2020-08-26
Practice Area: Corporate Entities
Industry: Consumer Products
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: William M. Lafferty, David J. Teklits and Lauren N. Bennett, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Bruce A. Ericson and Colin T. Kemp, Pillsbury Winthrop Shaw Pittman LLP, San Francisco, CA for plaintiffs.
for defendant: Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; David Wales and Thomas G. James, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Francis A. Bottini, Jr. , Bottini & Bottini, Inc., La Jolla, CA for defendant.
Case Number: D69098
A stockholder was not entitled to request books and records pursuant to another state's laws, because the internal affairs doctrine provided that Delaware law governed inspection rights for companies incorporated in that state.
Publication Date: 2020-08-19
Practice Area: Corporate Entities
Industry: Entertainment and Leisure
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Richard L. Abbot, Abbott Law Firm, Wilmington, DE for plaintiff.
for defendant: Michael A. Weidinger, Pinckney, Weidinger, Urban & Joyce LLC, Greenville, DEfor defendants.
Case Number: D69089
A former member of a limited liability company lacked standing to pursue a derivative claim for breach of fiduciary duty.
Law Journal Press | Digital Book
Authors: Shari L. Klevens, Alanna G. Clair
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Publication Date: 2020-07-15
Practice Area: Contracts
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: William D. Sullivan, Sullivan Hazeltine Allinson LLC, Wilmington, DE; Philip S. Rosenzweig, Silverang, Rosenzweig & Haltzman, LLC, King of Prussia, PA for plaintiffs.
for defendant: R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE for defendants.
Case Number: D69050
The record provided evidence which could support the existence of an enforceable oral contract, so the court denied defendants' motion for summary judgment.
Publication Date: 2020-06-24
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Ned Weinberger, Derrick Farrell, Mark Richardson, Thomas Curry and Dominic Minerva, Labaton Sucharow LLP, Wilmington, DE and New York, NY; David M. Cooper, Silpa Maruri, Dominic Pody and James Meehan, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Peter B. Andrews, Craig J. Springer and David Sborz, Andrews & Springer LLC, Wilmington, DE; Chad Johnson and Noam Mandel, Robins Geller Rudman & Dowd LLP, New York, NY; Jeremy S. Friedman and David F.E. Tejtel. Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiffs.
for defendant: Gregory P. Williams, John D. Hendershot and Susan M. Hannigan, Richards, Layton & Finger, P.A., Wilmington, DE; John L Latham, Cara M. Peterman and Gidon M. Caine, Charles W. Cox, Alston & Bird LLP, Atlanta, GA, Palo Alto, CA and Los Angeles, CA for defendants Dell, Durban, Patterson and Kullman. Martin S. Lessner, Elena C. Norman, James M. Yoch, Jr. and Lauren Dunkle Fortunato, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; James G. Kreissman, Stephen P. Blake and David Elbaum, Simpson Thacher & Bartlett LLP, New York, NY for defendant Silver Lake Group LLC. Kevin G. Abrams, Michael A. Barlow and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Michele D. Johnson, Kristin N. Murphy and Ryan A. Walsh, Latham & Watkins LLP, Costa Mesa, CA for defendants Green and Dorman.
Case Number: D69027
Plaintiffs alleged sufficient facts to trigger the entire fairness standard of review, so the court denied defen-dants' motion to dismiss.
Publication Date: 2020-06-03
Practice Area: Contracts
Industry: Cargo and Shipping | Transportation
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Jody C. Barillare and Amy M. Dudash, Morgan, Lewis & Bockius LLP, Wilmington, DE; Michael D. Blanchard, Morgan, Lewis & Bockius, LLP, Hartford, CT; Julie S. Goldemberg, Morgan, Lewis & Bockius LLP, Philadelphia, PA for plaintiffs.
for defendant: Jonathan M. Stemerman, Elliott Greenleaf, P.C., Wilmington, DE; Thomas J. Elliott, Frederick P. Santarelli, Jack P. Elliott, and Colin J. O’Boyle, Elliott Greenleaf, P.C., Blue Bell, PA for defendant.
Case Number: D69000
Injunctive relief granted to preserve the status quo ante and prevent defendant from resorting to measures to force plaintiff to capitulate before a court could resolve the parties' dispute.
Publication Date: 2020-03-18
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: David J. Margules, Elizabeth A. Sloan, and Brittany M. Giusini, Ballard Spahr LLP, Wilmington, DE; Wallace G. Hilke, Mark S. Enslin, Ballard Spahr LLP, Minneapolis, MN; Jeffrey S. Cianciulli, Weir & Partners, Wilmington, DE; Peter N. Kessler, Kutak Rock LLP, Philadelphia, PA for plaintiffs.
for defendant: John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Marc R. Rosen, Joshua K. Bromberg, Kleinberg, Kaplan, Wolff & Cohen, P.C., New York, NY; William B. Chandler III, Bradley D. Sorrels, Shannon E. German, Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE, attorneys for defendants.
Case Number: D68910
Derivative fraud and unjust enrichment claims dismissed as duplicative of plaintiffs' direct claims for breach of fiduciary duties and conversion.
Publication Date: 2020-02-26
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; D. Seamus Kaskela, Kaskela Law LLC, Newtown Square, PA for plaintiff.
for defendant: Gregory P. Williams and Brock E. Czeschin, Richards, Layton & Finger, P.A., Wilmington, DE; Rachelle Silverberg, Caitlin A. Donovan and Drew C. Harris, Wachtell, Lipton, Rosen & Katz, New York, NY for defendants Metcalf, Riley, Affeldt, Kremer, Martinez, Ball, Forbes, Holland and nominal defendant NCI Building Systems. David J. Teklits and Thomas P. Will, Morris, Nichols, Arsht & Tunnell, LLP, Wilmington, DE; Shannon Rose Selden, Susan R. Gittes and Zachary H. Saltzman, Debevoise & Plimpton LLP, New York, NY for defendants Sleeper, VanArsdale, Zrebiec, Berges and Clayton, Dubilier & Rice.
Case Number: D68892
Plaintiff alleged sufficient facts that one of the defendants was a controlling shareholder. The court dismissed several individual defendants based on an exculpation clause, but it declined to dismiss claims as to other individual defendants.
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