• In The Matter of the Rehab. of Scottish RE (U.S.), Inc., LLC

    Publication Date: 2022-05-03
    Practice Area: Insurance Litigation
    Industry: Insurance | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Peter B. Ladig, GianClaudio Finizio, Bayard, P.A., Wilmington, DE; Diane J. Bartels, Wilmington, DE; James J. Black, III, Jeffrey B. Miceli, Mark W. Drasnin, Black & Gerngross, P.C., Philadelphia, PA; Michael Busenkell, Gellert Scali Busenkell & Brown, LLC, Wilmington, DE for Scottish RE (U.S.), Inc.
    for defendant: Marisa R. DeFeo, Randall S. MacTough, Saul Ewing Arnstein & Lehr LLP, Wilmington, DE; Christopher Viceconte, Gibbons P.C., Wilmington, DE; Daniel Hargraves, Freeborn & Peters LLP, New York, NY; Randall S. MacTough, Zarwin Baum Devito Kaplan Schaer Toddy, PC, Wilmington, DE; Joseph B. Cicero, Gregory Stuhlman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; R. Stephen McNeill, D. Ryan Slaugh, Potter Anderson & Corroon LLP, Wilmington, DE; Willaim P. Bowden, Catherine A. Gaul, Ricardo Palacio, Ashby & Geddes, Wilmington, DE; John C. Phillips, Jr., Paul S. Seward, Phillips, Goldman, Mclaughlin & Hall, P.A., Wilmington, DE; Joseph C. Schoell, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; Kathleen M. Miller, Smith, Katzenstein & Jenkins, LLP, Wilmington, DE; David A. Felice, Bailey & Glasser, LLP, Wilmington, DE; John G. Harris, Peter C. McGivney, Berger Harris LLP, Wilmington, DE, Garrett B. Moritz, Elizabeth M. Taylor, Ross Aronstam & Moritz LLP, Wilmington, DE; Matthew A. Clemente, R. Bradley Drake, John Grothaus, Sidley Austin LLP, Chicago, IL; Joelle E. Polesky, Stradley Ronon Stevens & Young, Wilmington, DE, Travis S. Hunter, Renee M. Mosley, Richards, Layton & Finger, P.A., Wilmington, DE; Jarret P. Hitchings, Duane Morris LLP, Wilmington, DE; Joseph Larkin, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Barry M. Klayman, Simon Fraser, Cozen O’Connor, Wilmington, DE; Kevin J. Mangan, Nicholas T. Verna, Womble Bond Dickerson (US) LLP, Wilmington, DE; Jody Barillare, Morgan Lewis & Bockius LLP, Wilmington, DE; Peter H. Kyle, John L. Reed, DLA Piper LLP (US), Wilmington, DE, for shareholders and third-parties.

    Case Number: D69799

    In this case of first impression, the court found that the liquidation standard did not operate as a per se requirement for plan approval.

  • Buckeye Partners, L.P. v. GT USA Wilmington, LLC

    Publication Date: 2022-04-12
    Practice Area: Contractual Disputes
    Industry: Cargo and Shipping
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Jody C. Barillare, 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; Leslie B. Spoltore, Obermayer Rebmann Maxwell & Hippel LLP, Wilmington, DE; Nicholas Poduslenko, Matthew S. Olesh, Obermayer Rebmann Maxwell & Hippel LLP, Philadelphia, PA for plaintiffs.
    for defendant: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Thomas J. Elliott, Frederick P. Santarelli, Jack P. Elliott, Colin J. O’Boyle, Elliott Greenleaf, P.C., Blue Bell, PA for defendant.

    Case Number: D69774

    The court held that plaintiff who leased a dock from defendant proved that it was not a stevedore because it was not involved in the physical handling of cargo within the terminal property.

  • In Re Cellular Tel. P'ship Litig.

    Publication Date: 2022-03-22
    Practice Area: Deals and Transactions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Marcus E. Montejo, Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Thomas R. Ajamie, David S. Siegel, Ryan van Steenis, Ajamie LLP, Houston, TX; Michael A. Pullara, Houston, TX for plaintiffs.
    for defendant: Todd C. Schiltz, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; William M. Connolly, Faegre Drinker Biddle & Reath LLP, Philadelphia, PA; Zoë K. Wilhelm, Faegre Drinker Biddle & Reath LLP, Los Angeles, CA; Maurice L. Brimmage, Jr., Laura P. Warrick, Akin Gump Strauss Hauer & Feld LLP, Dallas, TX for defendants.

    Case Number: D69753

    The court held that AT&T failed to prove that the freeze-out of minority partners was entirely fair because it did not follow a fair process and did not employ procedural protections to ensure fairness to the minority partners.

  • 250 Executive, LLC v. Christina Sch. Dist.

    Publication Date: 2022-03-15
    Practice Area: Tax
    Industry: Real Estate | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Daniel F. McAllister, Tarabicos, Grosso & Hoffman LLP, New Castle, DE for petitioner.
    for defendant: David H. Williams, Michelle G. Bounds, Morris James LLP, Wilmington, DE for respondents.

    Case Number: D69742

    The court found that plaintiff's claim for declaratory judgment and injunctive relief were not equitable claims and did not confer subject matter jurisdiction on the Chancery Court.

  • BCIM Strategic Value Master Fund LP v. HFF, Inc.

    Publication Date: 2022-02-15
    Practice Area: Deals and Transactions
    Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: David J. Margules, Elizabeth A. Sloan, Jessica C. Watt, Ballard Spahr LLP, Wilmington, DE; Stephen Brauerman, Emily A. Letcher, Bayard PA, Wilmington, DE; William B. Igoe, Philadelphia, PA for petitioner.
    for defendant: William M. Lafferty, Ryan D. Stottmann, Sarah P. Kaboly, Morris, Nichols, Arsht & Tunnell LLP, Wilmington DE; Marc J. Sonnenfeld, Laura H. McNally, Morgan, Lewis & Bockius LLP, Philadelphia, PA for respondent.

    Case Number: D69710

    The court, in the appraisal action, determined the fair value of the respondent and gave heavy weight to the deal price.

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    Authors: Joseph S. Britton

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  • In Re Forum Mobile, Inc.

    Publication Date: 2022-02-15
    Practice Area: Corporate Entities
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Jeremy D. Anderson, Fish & Richardson P.C., Wilmington, DE for petitioner.
    for defendant: Mark Gentile, Richards, Layton & Finger, P.A., Wilmington, DE, Court-Appointed Amicus Curiae.

    Case Number: D69712

    The court held that §226(a)(3) of the Delaware General Corporation Law did not authorize the appointment of a custodian to revive an abandoned business.

  • P.C. Connection, Inc. v. Synygy Ltd.

    Publication Date: 2022-01-25
    Practice Area: Civil Procedure
    Industry: Retail | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Daniel A. Griffith, Whiteford Taylor & Preston LLC, Wilmington, DE for plaintiff.
    for defendant:

    Case Number: D69687

    The court held that plaintiff properly moved to amend its complaint to add two new parties under Rule 15 (a) notwithstanding the entry of the default judgment against two different parties. Motion to amend granted.

  • Stream TV Networks, Inc. v. SeeCubic, Inc.

    Publication Date: 2021-12-21
    Practice Area: Creditors' and Debtors' Rights
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Steven P. Wood, Andrew S. Dupre, Brian R. Lemon, Sarah E. Delia, McCarter & ENGLISH, LLP, Wilmington, DE for plaintiff.
    for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for defendant.

    Case Number: D69653

    Court declined a stay of proceedings and permanent injunction, where the injunction was imposed to prevent plaintiff from interfering with defendant's rights under the parties' agreement, and where defendant was unlikely to prevail on its appeal of the court's judgment finding the agreement valid and enforceable.

  • Bandera Master Fund, LP v. Boardwalk Pipeline Partners, LP

    Publication Date: 2021-11-30
    Practice Area: Contracts
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: A. Thompson Bayliss, J. Peter Shindel, Jr., Daniel G. Paterno, Eric A. Veres, Samuel D. Cordle, Abrams & Bayliss LLP, Wilmington, DE for plaintiffs.
    for defendant: Srinivas M. Raju, Blake Rohrbacher, Matthew D. Perri, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Rolin P. Bissell, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Stephen P. Lamb, Andrew G. Gordon, Harris Fischman, Robert N. Kravitz, Carter E. Greenbaum, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Lawrence Portnoy, Charles S. Duggan, Gina Cora, Davis Polk & Wardwell LLP, New York, NY, for defendants.

    Case Number: D69622

    The court held that the General Partner breached the partnership agreement by exercising the call right without first satisfy-ing the Opinion Condition or the Acceptability Condition.

  • In Re: Altaba, Inc.

    Publication Date: 2021-10-27
    Practice Area: Mergers and Acquisitions
    Industry: E-Commerce | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Paul J. Lockwood, Arthur R. Bookout, Matthew P. Majarian, Kathryn S. Bartolacci, Gregory P. Ranzini, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; David E. Ross, Ross Aronstam & Moritz LLP, Wilmington, DE for petitioner.
    for defendant: 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: D69582

    During the process of sale and dissolution, company failed to provide sufficient security to cover potential indemnification claims incurred by buyer.