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  • Murphy Marine Serv. of Delaware, Inc. v. GT USA Wilmington, LLC

    Publication Date: 2021-06-16
    Practice Area: Contracts
    Industry: Accounting | Cargo and Shipping | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Michael P. Kelly, Daniel M. Silver, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE; Geoffrey G. Grivner, Buchanan Ingersoll & Rooney PC, Wilmington, DE for plaintiffs.
    for defendant: David A. Dorey, Brandon W. McCune, Blank Rome LLP, Wilmington, DE for defendant.
    Case Number: D69436

    The parties' agreement provided for valuation as a going concern, and the court found that they impliedly agreed to a price based on the midpoint of a valuation range.

  • Green v. Carl M. Freeman Cmtys. L.L.C.

    Publication Date: 2021-06-02
    Practice Area: Real Estate
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Robert J. Valihura, Morton, Valihura & Zerbato, LLC, Greenville, DE for plaintiff.
    for defendant: Mark F. Dunkle, Parkowski, Guerke & Swayze, P.A., Rehoboth Beach, DE for defendant.
    Case Number: D69417

    The court held that a housing development qualified as a master planned community under the Delaware Uniform Common Interest Ownership Act, so the threshold for passing control from the developer to the asso-ciation was not met.

  • Maverick Therapeutics, Inc. v. Harpoon Therapeutics, Inc.

    Publication Date: 2021-05-12
    Practice Area: Mergers and Acquisitions
    Industry: Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Rollin B. Chippey II, Benjamin P. Smith, Morgan, Lewis & Bockius LLP, San Francisco, CA; John P. DiTomo, Elizabeth A. Mullin, Aubrey J. Morin, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; John Ruskusky, Lisa C. Sullivan, Nixon Peabody, LLP, Chicago, IL for plaintiffs.
    for defendant: Gregory P. Williams, Steven J. Fineman, Nicole K. Pedi, Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Martin S. Schenker, Lilia Lopez, Cooley LLP, San Francisco, CA; Jeffrey Karr, Cooley LLP, Palo Alto, CA for defendant.
    Case Number: D69392

    Purchaser of spin-off entitled to damages for fraudulent misrepresentation by seller who subsequently engaged in competition with spin-off, equal to both the half the value due to the splitting of the market and a further discount to reflect the seller's position as the pioneer of the technology that gave it a competitive advantage.

  • Lyons Ins. Agency Inc. v. Wilson

    Publication Date: 2021-05-12
    Practice Area: Employment Litigation
    Industry: Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Michael P. Kelly, Andrew S. Dupre, Janine L. Faben, McCarter & English, LLP, Wilmington, DE for plaintiff.
    for defendant: Blake Bennett, Dean R. Roland, Cooch & Taylor PA, Wilmington, DE; Lawrence V. Cronin, Smith Katzenstein & Jenkins LLP, Wilmington, DE for defendants.
    Case Number: D69391

    Employer was entitled to shift fees against employee who breached non-compete agreement and then falsely testified in the subsequent litigation regarding his motivation and the circumstances surrounding his breach.

  • RCS Creditor Trust v. Schorsch

    Publication Date: 2021-03-31
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Philip Trainer, Jr., Marie M. Degnan, Ashby & Geddes, Wilmington, DE; John P. Coffey, Gregory A. Horo-witz, Jeffrey S. Trachtman, Leah S. Friedman, Kramer Levin Naftalis & Frankel LLP, New York, NY for plain-tiff.
    for defendant: Daniel A. Mason, Paull, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Allan J. Arffa, Gregory F. Laufer of Paull, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for defendants.
    Case Number: D69348

    The court granted summary judgment because a corporate controller did not breach his fiduciary duty by making a business decision regarding how he would vote his shares.

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    Georgia Construction Law Handbook 2024

    Authors: T. BART GARY, JAKE CARROLL

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  • Lacey v. Mota-Velasco

    Publication Date: 2021-02-24
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Peter B. Andrew, Craig J. Springer, David Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman, Spencer Oster, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiff.
    for defendant: William M. Lafferty, John P. DiTomo, Elizabeth A. Mullin, Morris, Nichols, Arsht & Tunnell LLP, Wilming-ton, DE; Bradley J. Benoit, Bryan Dumesnil, Bracewell LLP, Houston, TX; Srinivas M. Raju, Andrew J. Peach, Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Steven R. Selsberg, S. Sels-berg Law, PLLC, Houston, TX; Sylvia A. Mayer, S. Mayer Law PLLC, Houston, TX; Peter J. Walsh, Jr., Mat-thew F. Davis, Elizabeth M. Taylor, Potter Anderson & Corroon LLP, Wilmington, DE; Robert J. Giuffra, Jr., David M.J. Rein, Matthew A. Peller, Y. Carson Zhou, Sullivan & Cromwell LLP, New York, NY for defend-ants.
    Case Number: D69305

    The court granted defendant directors' motion to dismiss a breach of contract claim because plaintiff's claim was essentially one for breach of fiduciary duty.

  • In the Matter of: The Niki & Darren Irrevocable Trust

    Publication Date: 2021-02-24
    Practice Area: Trusts and Estates
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Jon E. Abramczyk, Todd A. Flubacher, Matthew R. Clark, Aubrey J. Morin, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for petitioner.
    for defendant: W. Donald Sparks, II, Chad M. Shandler, Christine D. Haynes, Richards, Layton & Finger, P.A., Wilmington, DE for respondent.
    Case Number: D69303

    Unclean hands precluded trustee from seeking to void decanting of trust assets into another trust due to trustee's failure to comply with legal requirements, where voiding the action would benefit the trustee as a beneficiary of the original trust, to the detriment of another beneficiary.

  • Durham v. Grapetree, LLC

    Publication Date: 2021-01-27
    Practice Area: Corporate Governance
    Industry: Hospitality and Lodging
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Andrew C. Durham, plaintiff pro se.
    for defendant: John G. Harris, Berger Harris LLP, Wilmington, DE for defendant.
    Case Number: D69270

    LLC member's breach of fiduciary duties arising from alleged violation of member's perquisite could not be brought directly against company where contractual agreement to provide the perquisite was issued by the managing members and not from the company.

  • Richardson v. Clark

    Publication Date: 2021-01-27
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Kevin H. Davenport, Samuel L. Closic, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Frank R. Schirripa, Daniel B. Rehns, Hach Rose Schirripa & Cheverie LLP, New York, NY for plaintiff.
    for defendant: A. Thompson Bayliss, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Scott P. Drake, Norton Rose Fulbright US LLP, Dallas, TX; Peter A. Stokes, Norton Rose Fulbright US LLP, Austin, TX for defend-ants.
    Case Number: D69273

    A company's directors failed to adequately address problems identified by federal regulators, but their conduct did not amount to bad faith.

  • Great Hill Equity Partners IV, LP v. SIG Growth Equity Fund I, LLLP

    Publication Date: 2021-01-20
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Rudolf Koch, Robert L. Burns, Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE; Adam Slutsky, Goodwin Procter LLP, Boston, MA for plaintiffs.
    for defendant: William B. Chandler III, Ian R. Liston, Jessica A. Hartwell, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Mark A. Kirsch, Scott A. Edelman, Aric H. Wu, Laura K. O’Boyle, Peter Wade, Gibson, Dunn & Crutcher LLP, New York, NY; Lewis H. Lazarus Morris James LLP, Wilmington, DE; Peter N. Flocos, Joanna A. Diakos, K&L Gates LLP, New York, NY; David S. Eagle, Sean M. Brennecke, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE; Michael K. Coran, William T. Hill, Monica Clarke Platt, Gregory R. Sellers, Klehr Harrison Harvey Branzburg LLP, Philadelphia, PA for defendants.
    Case Number: D69263

    Contractual fee shifting denied where plaintiffs prevailed on certain theories but recovery of minimal damages meant that neither side qualified as a "prevailing party" and equity did not warrant shifting of fees.