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Publication Date: 2020-03-04
Practice Area: Mergers and Acquisitions
Industry: Health Care | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Joanna J. Cline, Christopher B. Chuff, and Ellis E. Harrington, Pepper Hamilton LLP, Wilmington, DE; William W. Taylor and Jaclyn M. Essinger, Pepper Hamilton LLP, Boston, MA for plaintiff.
for defendant: David J. Teklits and Alexandra M. Cummings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Kenneth A. Sweder and Brian M. Haney, Sweeder & Ross LLP, Boston, MA for defendant.
Case Number: D68894
Stale breach of representation and warranty claims could not be asserted as an equitable affirmative defense for recoupment where the underlying facts were too attenuated from the plaintiff's claims.
Publication Date: 2020-02-19
Practice Area: Corporate Governance
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Jeffrey M. Norton, Newman Ferrara LLP, New York, NY; Werner R. Kranenburg, Krankenburg, London, UK for plaintiffs.
for defendant: Edward B. Micheletti, Lilianna Anh P. Townsend, and Mary T. Reale, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, Delaware for defendants.
Case Number: D68879
Plaintiffs' pre-suit communication to board constituted a Rule 23.1 demand where it asserted the need to take remedial action on a board decision, noted the company's susceptibility to shareholder action, and warned that plaintiffs would take advantage of shareholder remedies if no action were taken by the board.
Publication Date: 2020-02-19
Practice Area: Trusts and Estates
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: John V. Work, John Work Law, Wilmington, DE for plaintiff.
for defendant: Jackson Shrum, Jack Shrum, P.A., Wilmington, DE for defendant. Harold W.T. Purnell, II, Sergovic Car-mean Weidman McCartney & Owens P.A., Georgetown, DE for intervenor. David J. Ferry, Jr. and Brian J. Ferry, Ferry Joseph, P.A., Wilmington, DE for receiver.
Case Number: D68881
A conflict existed between a settlor's primary purpose to benefit his surviving spouse and the settlor's wishes regarding the appointment of a trustee.
Publication Date: 2020-02-12
Practice Area: Corporate Governance
Industry: Agriculture | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Thomas E. Hanson, Jr., Barnes & Thornburg LLP, Wilmington, DE for plaintiffs.
for defendant: Blake Rohrbacher, Richards, Layton & Finger, P.A., Wilmington, DE; John F. Hartmann and Abdus Samad Pardesi, Kirkland & Ellis LLP, Chicago, IL for defendants and nominal defendant.
Case Number: D68875
Limited liability company members alleged sufficient facts to support their claims against defendant managers for breaches of the operating agreement and fraud.
Publication Date: 2020-02-12
Practice Area: Employment Litigation
Industry: Insurance
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: James S. Green, Sr. and Jared T. Green, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE for plaintiff.
for defendant: John A. Sensing and Jesse L. Noa, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.
Case Number: D68874
The parties' non-compete agreement was presumptively valid, but the liquidated damages provision was unenforceable under the facts of this case as a matter of public policy. Because the former employee did not solicit business from the clients of her for-mer employer, the liquidated damages provision amounted to a penalty.
Law Journal Press | Digital Book
Authors: Ron M. Campbell
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Publication Date: 2020-02-05
Practice Area: Corporate Entities
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: William M. Lafferty, Thomas W. Briggs, Jr., Daniel T. Menken, and Aubrey J. Morin, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Richard I. Werder, Jr., Renita N. Sharma, Elisabeth B. Miller, and Ryan A. Rakower, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for plaintiffs and defendants Borealis Power Holdings Inc. and BPC Health Corporation.
for defendant: Blake Rohrbacher, Brian S. Yu, and Kevin M. Regan, Richards, Layton & Finger P.A., Wilmington, DE; Neil A. Steiner, Dechert LLP, New York, NY for plaintiff intervenors Cheyne Walk Investments. David C. McBride, Martin S. Lessner, Ryan M. Bartley, and Paul J. Loughman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; J. Christopher Shore and Alive Tsier, White & Case LLP, New York, NY; Aaron Colodny, White & Case LLP, Los Angeles, CA, attorneys for plaintiff intervenors and defendants Sempra Texas Holdings Corp and Sempra Texas Intermediate Holding Co. Peter J. Walsh, Jr., J. Matthew Belger, and Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; Jessica B. Pulliam, Baker Botts LLP, Dallas, TX; Vernon Cassin, Baker Botts LLP, Washington, DC; P. Clarkson Collins, Jr., Ian D. McCauley, and Kathleen A. Murphy, Morris James LLP, Wilmington, DE, attorneys for defendant Hunt Strategic Utility Investment.
Case Number: D68862
One party had superior right of first refusal for purchase of offered shares where the parties' shareholders agreement provided that any sale could not violate an investor rights agreement, which granted the party with the superior right its right of first refusal.
Publication Date: 2020-01-22
Practice Area: Contractual Disputes
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Brian E. Farnan and Michael J. Farnan, Farnan LLP, Wilmington, DE; Thomas J. Heiden, Mary Rose Alexan-der and Thomas A. Benhamou, Latham & Watkins LLP, Chicago, IL for plaintiff.
for defendant: Adam V. Orlacchio, Barry Abrams, Joshua A. Huber and Stephanie Holden, Blank Rome LLP, Wilmington, DE and Houston, TX for defendant.
Case Number: D68849
The parties' contract was ambiguous and discovery was needed to determine the parties' intent.
Publication Date: 2020-01-15
Practice Area: Mergers and Acquisitions
Industry: Construction
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Rudolf Koch, Matthew W. Murphy and Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Steven C. Flors-heim, Greg Shinall, Daniel A. Shmikler, Michael G. Dickler and Trevor K. Scheetz, Sperling & Slater, P.C. , Chicago, IL for plaintiff.
for defendant: Richard D. Heins and Philip Trainer, Jr., Ashby & Geddes, Wilmington, DE; Stephen Novack, Donald A. Tarkington, Andrew D. Campbell, Elizabeth C. Wolicki and Yvette V. Mishev, Novack and Macey LLP, Chicago, IL for defendants NCM Group, Ev-ergreen Pacific Partners entities, Brillon, Nibarger and Bernardez. Peter B. Ladig, Bayard P.A., Wilmington, DE for NCM Group as to claims against counter-defendants. John A. Sensing, Potter Anderson & Corroon LLP, Wilmington, DE; John J. Quinn, Law Office of John J. Quinn; Dylan P. Kletter and Kelsey D. Bond, Brown Rudnick LLP, Hartford, CT for defendant Khara. Thomas A. Uebler and Kerry M. Porter, McCollum D’Emilio Smith Uebler LLC, Wilmington, DE; Jeffrey H. Bergman, Mandell Menkes LLC, Chicago, IL for counter-defendants.
Case Number: D68841
The court granted some of the parties' summary judgment motions in this fraud matter, but denied others due to disputed is-sues of fact.
Publication Date: 2020-01-15
Practice Area: Corporate Governance
Industry: Food and Beverage | Investments and Investment Advisory | Retail
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA for plaintiff.
for defendant: Rudolf Koch, Matthew D. Perri and John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Adam L. Sisitsky, Lavinia M. Weizel, Robert I. Bodian and Scott A. Rader, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY and Boston, MA for independent director defendants. William B. Chandler III, Bradley D. Sorrels, Lindsay K. Faccenda and Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE for defendant Duggan. Patricia L. Enerio, Jamie L. Brown and Gillian L. Andrews, Heyman Enerio Gattuso & Hirzell LLP, Wilmington, DE for defendant Anicetti. Kevin G. Abrams, J. Peter Shindel, Jr. and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Matthew A. Schwartz and Joshua S. Levy, Sullivan & Cromwell LLP, New York, NY for J.P. Morgan defendants. William M. Lafferty, S. Mark Hurd, Thomas W. Briggs, Jr., Richard Li and Elizabeth A. Mullin, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Stuart W. Gold and Richard W. Clary, Cravath, Swaine & Moore LLP, New York, NY for defendant Cravath, Swaine & Moore LLP. Kevin R. Shannon, Matthew F. Davis and Nicholas S. Prust, Potter Anderson & Corroon LLP, Wilmington, DE; Jonathan Rosenberg and Abby F. Rudzin, O’Melveny & Myers LLP, New York, NY for Apollo defendants. John L. Reed, Peter H. Kyle and David Clarke, Jr., DLA Piper LLP, Wilmington, DE and Washington, DC for Berry defendants.
Case Number: D68842
The court granted defendant directors' motions to dismiss.
Publication Date: 2020-01-08
Practice Area: Corporate Entities
Industry: Automotive | Retail
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: John P. DiTomo, Elizabeth A. Mullin and Emily Bryant-Alvarez, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Mi-chael C. Marsh, Ryan Roman, Donnie King and Chanelle Artiles, Akerman LLP, Miami, FL for plaintiff.
for defendant: Timothy R. Dudderar and Robert J. Kumor, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
Case Number: D68837
The court denied a limited liability company's motion to dismiss this book and records matter, because Delaware law allowed a member to make such a request, and nothing in the LLC agreement waived plaintiff's right to pursue such documents in a Dela-ware court.
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