• In re Straight Path Commc'ns Inc. Consol. Stockholder Litig.

    Publication Date: 2024-11-12
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Ned Weinberger, Mark Richardson, Labaton Sucharow LLP, Wilmington, DE; Jeroen van Kwawegen, Edward G. Timlin, Eric J. Riedel, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiff.
    for defendant: Rudolf Koch, Kevin M. Gallagher, Daniel E. Kaprow, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Thomas Uebler, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Jason Cyrulnik, Paul Fattaruso, Matthew Henken, Cyrulnik Fattaruso LLP, New York, NY for defendants.

    Case Number: 2017-0486-SG

    Court denied plaintiff representative's motion to shift legal fees and costs where the court only awarded nominal damages and thus the stockholder class received no meaningful benefit, and where plaintiff's counsel litigated the case under a contingency arrangement.

  • Kingfishers L.P. v. Finesse US, Inc.

    Publication Date: 2024-11-12
    Practice Area: Securities Litigation
    Industry: Consumer Products | E-Commerce | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Benjamin P. Chapple, John T. Miraglia, Reed Smith LLP, Wilmington, DE for plaintiffs.
    for defendant: Sean M. Brennecke, Aimee M. Czachorowski, Lewis Brisbois Bisgaard & Smith, LLP, Wilmington, DE; Albert J. Carroll, Samuel E. Bashman, Morris James LLP, Wilmington, DE; Elisabeth A. Moriarty, Steven A. Stein, Eric M. Sefton, Greenberg Glusker Fields Claman & Machtinger LLP, Los Angeles, CA for defendant.

    Case Number: 2024-0344-SG

    Court declined to dismiss reformation claim based on theory of mistake where plaintiff adequately pled the terms of an agreement orally agreed to by the parties, such that a factfinder could infer that defendant either erroneously drafted a non-compliant written agreement, or intentionally or knowingly did so and stood by as plaintiff signed it.

  • Solak v. Mountain Crest Capital LLC

    Publication Date: 2024-11-05
    Practice Area: Corporate Governance
    Industry: Biotechnology | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Jeffrey M. Norton, Benjamin D. Baker, Newman Ferrara LLP, New York, NY for plaintiff.
    for defendant: Andrew H. Sauder, Daniel S. Atlas, Dailey LLP, Wilmington, DE; Ryan J. Levan, Dailey LLP, Philadelphia, PA for defendants.

    Case Number: 2023-0469-SG

    Court applied entire fairness standard to fiduciary claims where defendants could control board through their personal/financial ties to directors and found complaint plausibly alleged that merger proxy omitted material information about share value.

  • Rostowsky v. Hirsch

    Publication Date: 2024-10-29
    Practice Area: Corporate Entities
    Industry: Health Care | Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Daniel C. Herr, Law Office of Daniel C. Herr LLC, Wilmington, DE; Barry F. Fagel, Lindhorst & Dreidame Co., L.P.A., Cincinnati, OH for plaintiff.
    for defendant: David B. Anthony, Berger McDermott LLP, Wilmington, DE; Brian Gottesman, Gabell Beaver LLC, Wilmington, DE; Alisa E. Moen, Moen Law LLC, Wilmington, DE for defendants.

    Case Number: 2022-0004-SG

    Facts demonstrated that plaintiff was entitled to ownership stake in business under promissory estoppel where defendants represented that plaintiff was a co-founder but failed to include him as a member in the LLC's formation documents.

  • August v. The Glade Prop. Owners Ass'n, Inc.

    Publication Date: 2024-10-01
    Practice Area: Real Estate
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Jennifer August, Rehoboth Beach, DE, pro se plaintiff.
    for defendant: Aaron E. Moore, Wilmington, DE for defendants.

    Case Number: 2020-0834-BWD

    Court denied homeowner's claims against homeowners' association where there were no conflicted fiduciaries that warranted applying the entire fairness standard to the claims.

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  • In re Sculptor Capital Mgmt. Inc. Stockholder Litig.

    Publication Date: 2024-09-17
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Ned Weinberger, Michael C. Wagner, Labaton Keller Sucharow LLP, Wilmington, DE; Thomas Curry, Saxena White P.A., Wilmington, DE; Joseph L. Christensen, Meghan D. Dougherty, Christensen & Dougherty LLP, Wilmington, DE; A. Thompson Bayliss, Christopher F. Cannataro, Florentina D. Field, Abrams & Bayliss LLP, Wilmington, DE for plaintiff.
    for defendant: Edward B. Micheletti, Arthur R. Bookout, Matthew P. Majarian, Peyton V. Carper, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Brock E. Czeschin, Matthew D. Perri, Kevin M. Kidwell, Mari Boyle, Richards, Layton & Finger, P.A., Wilmington, DE; David E. Ross, Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE for defendants.

    Case Number: 2023-0921-SG

    Court calculated legal fee award based on the portion of the transaction price increase that was generated by plaintiff's litigation and the stage of the litigation when the increase was obtained.

  • Hub Group, Inc. v. Knoll

    Publication Date: 2024-09-10
    Practice Area: Contracts
    Industry: Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: John A. Sensing, Tyler E. Cragg, Hannah L. Paxton, Potter Anderson & Corroon LLP, Wilmington, DE for plaintiff.
    for defendant: Steven J. Fineman, Travis S. Hunter, Alexandra M. Ewing, Morgan R. Harrison, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.

    Case Number: 2024-0471-SG

    Court declined to grant leave for an interlocutory appeal from the denial of a preliminary injunction where the court's order only resolved one outstanding issue in the case and thus an interlocutory appeal would not materially advance the litigation.

  • MKE Holdings, Ltd. v. Schwartz

    Publication Date: 2024-09-10
    Practice Area: Corporate Governance
    Industry: Chemicals and Materials | Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Thomas E. Hanson, Jr., William J. Burton, Barnes & Thornburg LLP, Wilmington, DE for plaintiff.
    for defendant: Blake Rohrbacher, Matthew W. Murphy, Sandy Xu, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.

    Case Number: 2018-0729-SG

    Court declined summary judgment dismissal of fraud claims where allegations of withholding of material information could support equitable tolling and plaintiffs plausibly alleged defendants' motive to fraudulently induce plaintiffs' investment.

  • NuVasive, Inc. v. Miles

    Publication Date: 2024-09-03
    Practice Area: Employment Litigation
    Industry: Health Care | Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Ethan H. Townsend, Aaron P. Sayers, McDermott Will & Emery LLP, Wilmington, DE; Rachel B. Cowen, McDermott Will & Emery LLP, Chicago, IL; Morris J. Fodeman, Wilson Sonsini Goodrich & Rosati, New York, NY; Jeffery S. Hood, Procopio, Cory, Hargreaves & Savitch LLP, San Diego, CA for plaintiff.
    for defendant: Philip A. Rovner, Potter Anderson & Corroon LLP, Wilmington, DE; Nimalka Wickramasekera, Winston & Strawn LLP, Los Angeles, CA, Brian J. Nisbet, Elizabeth S. Deshaies, Winston & Strawn LLP, Chicago, IL, John C. Sanders, Jr., Winston & Strawn LLP, Dallas, TX for defendants.

    Case Number: 2017-0720-SG

    Failure to disclose passive investment in competitor did not by itself constitute a breach of loyalty where there was no evidence executive acted against his employer's interests, used the investment to obtain an advantage, or had a conflict of interest.

  • MSCM Holdings, Inc. v. PCS-Mosaic Holdings, LLC

    Publication Date: 2024-08-13
    Practice Area: Mergers and Acquisitions
    Industry: Defense | Software | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Alan D. Albert, Stephen D. Dargitz, O’Hagan Meyer PLLC, Wilmington, DE; Charles M. Sims, C. Quinn Adams, O’Hagan Meyer, PLLC, Richmond, VA for plaintiff.
    for defendant: John G. Harris, Berger Harris LLP, Wilmington, DE for defendant.

    Case Number: 2022-0959-SG

    Court dismissed third-party claims as unable to provide relief if defendants were found liable to plaintiffs, and defendants' counterclaims for their failure to provide the contractually required pre-suit notice.