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  • Moscowitz v. Theory Ent. LLC

    Publication Date: 2020-11-25
    Practice Area: Contractual Disputes
    Industry: Entertainment and Leisure
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Stephen B. Brauerman, Bayard, P.A., Wilmington, DE; Stanton L. Stein, Ashley R. Yeargan, Russ, August & Kabat, Los Angeles, CA for plaintiff.
    for defendant: Kevin G. Abrams, Michael A. Barlow, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Scott A. Edelman, Ilissa Samplin, Gibson, Dunn & Crutcher LLP, Los Angeles, CA for defendant.
    Case Number: D69202

    Plaintiff was bound by the terms of an agreement regarding the company's right to repurchase his owner-ship units following his resignation, but questions remained regarding the validity and effect of plaintiff's no-tices of resignation.

  • Mad Investors GRMD, LLC v. GR Co., Inc.

    Publication Date: 2020-11-11
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Michael J. Barry, Christine M. Mackintosh, Kelly L. Tucker, Vivek Upadhya, Grant & Eisenhofer P.A., Wil-mington, DE for plaintiffs.
    for defendant: Blake Rohrbacher, Kevin M Gallagher, Elizabeth A. Heise, Richards, Layton & Finger, P.A., Wilmington, DE; Jason C. Vigna, Brian L. Muldrew, Katten Muchin Rosenman LLP, New York, NY for defendant.
    Case Number: D69187

    Plaintiffs failed to allow the full five-day response period to expire before filing this action to enforce their books and records request, so the court dismissed their complaint.

  • Jacobs v. Meghji

    Publication Date: 2020-10-21
    Practice Area: Deals and Transactions
    Industry: Construction | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Stephen E. Jenkins, Richard D. Heins, Ashby & Geddes, Wilmington, DE; Donald J. Enright, Elizabeth K. Tripodi, Jordan A. Cafritz, Levi & Korsinsky, LLP, Washington, DC for plaintiff.
    for defendant: T. Brad Davey, J. Matthew Belger, Nicholas D. Mozal, Potter Anderson & Corroon LLP, Wilmington, DE; S. Michael Sirkin, Ross, Aronstam & Moritz LLP, Wilmington, DE; Yosef J. Riemer, Jeffrey Goldfine, Kirkland & Ellis LLP, New York, NY; Daniel A. Mason, Brandan W. Sullivan, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Andrew J. Ehrlich, Gregory Laufer, Anika Rappleye, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Lisa A. Schmidt, Alexander M. Krischik, Richards, Layton & Finger, P.A., Wilmington, DE for defendants
    Case Number: D69163

    The court granted a motion to dismiss claims for aiding and abetting and for unjust enrichment, because plaintiff failed to demonstrate knowing participation in any breaches of fiduciary duty.

  • Rudd v. Brown

    Publication Date: 2020-09-30
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Lawrence P. Eagel, W. Scott Holleman, Garam Choe, Bragar Eagel & Squire, P.C., New York, NY for plaintiff.
    for defendant: Daniel A. Mason, Brendan W. Sullivan, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Lewis R. Clayton, Robert N. Kravitz, Harris Fischman, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Ashley R. Altschuler, Ethan H. Townsend, McDermott Will & Emery LLP, Wilmington, DE; Jeffrey M. Reisner, Jason D. Strabo, Paul Ferrillo, McDermott Will & Emery LLP, Los Angeles, CA for defendants.
    Case Number: D69138

    The court dismissed plaintiff's complaint for breach of fiduciary duty because the corporate charter contained an exculpatory clause, and plaintiff failed to plead facts making it reasonably conceivable that any of the defendants were conflicted.

  • Otto Candies LLC v. KPMG, LLP

    Publication Date: 2020-09-09
    Practice Area: Damages
    Industry: Financial Services and Banking | Accounting
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Terry L. Wit, Juan P. Morillo, Derek L. Shaffer, Lauren H. Dickie, and David H. Needham, Quinn Emanuel Urquhart & Sullivan, LLP, San Francisco, CA and Washington, DC for plaintiffs.
    for defendant: Kevin R. Shannon, Matthew F. Davis, and Christopher N. Kelly, Potter Anderson & Corroon LLP, Wilmington, DE; Gregory G. Ballard and Jose F. Sanchez, Sidley Austin LLP, New York, NY; Todd Schiltz, Drinker Biddle & Reath LLP, Wilmington, DE; Robert A. Scher and Jonathan H. Friedman, Foley & Lardner LLP, New York, NY; Timothy Jay Houseal, Jennifer M. Kinkus, William E. Gamgort, Young Conaway Stargatt & T aylor LLP, Wilmington, DE; Ana C. Reyes, Williams & Connolly, LLP, Washington, DC for defendants.
    Case Number: D69113

    Negligence action under vicarious liability failed where plaintiffs failed to establish existence of agency or joint venture relationship between defendant and alleged tortfeasor due to the lack of written agreement as required by applicable Mexico law or existence of required elements under applicable Delaware or New York law to find agency or joint venture relationship.

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  • Ray v. Williams

    Publication Date: 2020-04-15
    Practice Area: Trusts and Estates
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Neil R. Lapinski and Phillip A. Giordano, Gordon, Fournaris & Mammarella, P.A., Wilmington, DE for plaintiffs.
    for defendant: Jason C. Powell, The Powell Firm, LLC, Wilmington, DE for defendant.
    Case Number: D68946

    Decedent's daughters did not exercise undue influence with respect to his burial plans and beneficiary changes on his insurance policies. The court denied a request to have decedent's body disinterred.

  • 360 Campaign Consulting, LLC v. Diversity Commc'n, LLC

    Publication Date: 2020-04-01
    Practice Area: Corporate Governance
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Martin S. Lessner and Alberto E. Chávez, Young, Conaway, Stargatt & Taylor, LLP, Wilmington, DE; Steven J. Cohen and Stella L. Sainty, Watchel Missry LLP, New York, NY for plaintiff.
    for defendant: Raymond J. DiCamillo, Brock E. Czeschin, and Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE; Mariam W. Tadros and Roya Vasseghi, Rees Broome, PC, Tysons Corner, VA; Kellie Budd, Doumar Martin, PLLC, Arlington, VA for defendants.
    Case Number: D68926

    Claims that arose from defendant's alleged breach of an LLC operating agreement were subject to the agreement's arbitration provision that required arbitration of all disputes among members relating to or arising from the operating agreement.

  • Deputy v. Deputy

    Publication Date: 2020-03-18
    Practice Area: Trusts and Estates
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Sharon Oras Morgan, Beth B. Miller and E. Chaney Hall, Fox Rothschild LLP, Wilmington, DE for petitioner.
    for defendant: Christopher M. Coggins of Coggins Law LLC, Wilmington, DE for respondent.
    Case Number: D68913

    Trustee breached his fiduciary duties and acted to enrich himself at the expense of the other beneficiary. The court removed the trustee, ordered an accounting, and required the trustee to pay attorney fees.

  • Davidow v. LRN Corp.

    Publication Date: 2020-03-11
    Practice Area: Deals and Transactions
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Stephen D. Dargitz, Kevin H. Davenport, and Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiff.
    for defendant: Kevin G. Abrams, J. Peter Shindel, and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; James E. Brandt and Blair Connelly, Latham & Watkins, LLP, New York, NY for defendants.
    Case Number: D68903

    Complaint challenging self-tender offer not denied where subject to entire fairness review because inadequate disclosures and structure of offer rendered it coercive and where directors obtained personal benefits from the self-tender.

  • In re: Appraisal of Panera Bread Co.

    Publication Date: 2020-02-19
    Practice Area: Mergers and Acquisitions
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Samuel T. Hirzel, II, Elizabeth A. DeFelice and Melissa N. Donimirski, Heyman Ererio Gattuso & Hirzel LLP, Wilmington, DE; Steven M. Hecht, Michael T.G. Long, Jarett N. Sena, Natalie F. Dallavalle, Frank T.M. Catalina, Edoardo Murillo and Jonathan M. Kass, Lowenstein Sandler LLP, New York, NY for peti-tioners.
    for defendant: Paul J. Lockwood, Jennifer C. Voss, Jenness E. Parker, Alyssa S. O’Connell, Kaitlin E. Maloney, Daniel S. Atlas, Bonnie W. David and Andrew D. Kinsey, Skadden Arps Slate Meagher & Flom LLP, Wilming-ton, DE for respondent.
    Case Number: D68882

    In this statutory appraisal action, the court determined that the process by which the company was sold bore multiple indicia of reliability, and the deal price was persuasive evidence of fair value.