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Publication Date: 2024-08-13
Practice Area: Contracts
Industry: Health Care
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Ryan D. Stottmann, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for plaintiffs.
for defendant: Henry E. Gallagher, Jr., Connolly Gallagher LLP, Wilmington, DE for defendants.
Case Number: 2023-1280-MTZ
Court declined to enforce arbitration provision against nonsignatory plaintiffs where their complaint did not seek to enforce the terms of the contract containing the arbitration clause.
Publication Date: 2023-10-16
Practice Area: Mergers and Acquisitions
Industry: Consumer Products | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Stephen C. Norman, Matthew F. Davis, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Elizabeth B. McCallum, Gilbert S. Keteltas, Carey S. Busen, Evan M. Mannering, Baker & Hostetler, LLP, Washington, D.C.; Jim W. Phillips, Jr., Kimberly M. Marston, Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, Greensboro, NC; Charles E. Coble, Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, Raleigh, NC for plaintiff.
for defendant: Gregory P. Williams, Rudolf Koch, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Noel J. Francisco, C. Kevin Marshall, William D. Coglianese; Jones Day, Washington, D.C.; Stephanie E. Parker, Katrina L.S. Caseldine, Jones Day, Atlanta, GA; David B. Alden, Kevin P. Riddles; Jones Day, Cleveland, OH; Elli Leibenstein, Greenberg Traurig, LLP, Chicago, IL; Stephen L. Saxl, Greenberg Traurig, LLP, New York, NY; Andrea Shwayri Ferraro, Greenberg Traurig, P.A., West Palm Beach, FL for defendants.
Case Number: 2017-0129-LWW
Although seller was entitled to recover compensation for settlement payments it made based on post-closing sales of various acquired brands, trial was necessary to determine acquirers' entitlement to offsets and the availability of specific performance for future settlement payments.
Publication Date: 2022-06-14
Practice Area: Corporate Entities
Industry: Consumer Products | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: C. Barr Flinn, Emily V. Burton, Lauren Dunkle Fortunato, Alberto E. Chávez, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for plaintiff.
for defendant: Patricia R. Urban, Elizabeth Wilburn Joyce, Megan Ix Brison, Pinckney, Weidinger, Urban & Joyce LLC, Wilmington, DE; Kathleen M. Miller, Robert K. Beste, III, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Monica K. Loseman, Gibson, Dunn & Crutcher LLP, Denver, CO for defendants.
Case Number: D69848
Transaction authorized by LLC manager solely within her capacity that issued new class of equity in and amending the rights of the new class and existing classes was void as a matter of contract where the LLC's operating agreement expressly granted the right to amend to certain existing classes of members.
Publication Date: 2022-05-24
Practice Area: Insurance Litigation
Industry: Insurance
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Edward F. Haber, Michelle H. Blauner, Thomas V. Urmy, Jr., Patrick J. Vallely, Shapiro Haber & Urmy LLP, Boston, MA for plaintiffs.
for defendant: Daniel A. Dreisbach, Srinivas Raju, Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Reid L. Ashinoff, Kenneth J. Pfaehler, Carter White, Dentons US LLP, New York, NY for defendant.
Case Number: D69822
Delaware Uniform Fraudulent Transfer Act claims failed where plaintiffs merely sought to unwind allegedly fraudulent transfers, rather than to compel payment of a claim or secure an equitable right to payment.
Publication Date: 2022-02-22
Practice Area: Mergers and Acquisitions
Industry: Distribution and Wholesale | Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Blake A. Bennett, Dean R. Roland, Cooch and Taylor, P.A., Wilmington, DE; Clinton A. Krislov, Kenneth T. Goldstein, Christopher M. Hack, Krislov & Associates, Ltd., Chicago, IL; Samuel B. Edwards, Ryan Cook, Shepherd, Smith, Edwards & Kantas, LLP, Houston, TX for plaintiff.
for defendant: William M. Lafferty, Ryan D. Stottmann, Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Gary A. Bornstein, Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY; Jeffrey L. Moyer, Srinivas M. Raju, Tyler E. Cragg, Richards, Layton & Finger, P.A., Wilmington, DE; Andrew W. Hammond, Steven A. Levy, White & Case LLP, New York, NY for defendants.
Case Number: D69718
The court held in this class action that plaintiffs failed to plead sufficient facts to support their breach of contract and breach of implied covenant claims relating to a merger that was approved by a majority of unitholders.
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Publication Date: 2022-02-15
Practice Area: Contracts
Industry: Software | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: William M. Lafferty, Kevin M. Coen, Sarah P. Kaboly, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Timothy W. Knapp, P.C., Howard M. Kaplan, Aleschia D. Hyde, Kirkland & Ellis LLP, Chicago, IL for plaintiffs/counterclaim defendants.
for defendant: Tammy L. Mercer, M. Paige Valeski, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Evan C. Borges, Matthew S. Ingles, Greenberg Gross LLP, Costa Mesa, CA for defendants and counterclaim/third party plaintiffs.
Case Number: D69713
The court held that the non-disparagement clause contained in the restrictive covenant agreement between the parties was clearly a restrictive covenant.
Publication Date: 2022-02-08
Practice Area: Contracts
Industry: Consumer Products | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Rudolf Koch, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Greg Shinall, Michael G. Dickler, Sperling & Slater, P.C., Chicago, IL for plaintiffs.
for defendant: Robert S. Saunders, Sarah R. Martin, Michelle L. Davis, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Ryan D. Stottmann, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Tamir Young, Studin Young PC, Hauppauge, NY; Peter B. Ladig, Elizabeth A. Powers, Sarah T. Andrade, Bayard, P.A., Wilmington, DE for defendants.
Case Number: D69703
The court held that because there were two competing and reasonable interpretations of certain contract language, the contract was ambiguous, and the ambiguity barred a motion to dismiss as a matter of law or on the pleadings.
Publication Date: 2022-01-11
Practice Area: Corporate Entities
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Richard Jones, Peter C. McGivney, Berger Harris LLP, Wilmington, DE; Brian M. Gottesman, Gabell Beaver LLC, Wilmington, DE for plaintiffs.
for defendant: Daniel A. Griffith, Quinn Griffith, Whiteford Taylor & Preston LLC, Wilmington, DE; William F. Ryan, Jr., Whiteford Taylor & Preston LLP, Baltimore, MD for defendant.
Case Number: D69671
The court held that plaintiffs' claims against two directors for breach of contract and breach of fiduciary duties failed to ad-equately state the elements of the claims.
Publication Date: 2022-01-04
Practice Area: Mergers and Acquisitions
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: John A. Sensing, Clarissa R. Chenoweth-Shook, Potter Anderson & Corroon LLP, Wilmington, DE; Dylan P. Kletter, Anthony J. Boccamazzo, Kelsey D. Bond, Brown Rudnick LLP, Hartford, CT for plaintiff.
for defendant: William D. Sullivan, William A. Hazeltine, Sullivan Hazeltine Allinson LLC, Wilmington, DE; Peter Skinner, Duane Loft, David Barillari, Lindsey Ruff, Anastasia Cembrovska, Boies Schiller Flexner LLP, New York, NY; Donna L. Culver, Derek C. Abbott, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sean D. Malloy, Jennifer D. Armstrong, McDonald Hopkins LLC, Cleveland, Ohio; Geoffrey G. Grivner, Kody M. Sparks, Buchanan Ingersoll & Rooney PC. Wilmington, DE; Sidney S. Liebesman, Fox Rothschild LLP, Wilmington, DE; Stephanie Resnick, John C. Fuller, Fox Rothschild LLP, Philadelphia, PA for defendants.
Case Number: D69663
The court held it had subject matter jurisdiction over all claims though some were common law rather than equitable claims.
Publication Date: 2021-12-21
Practice Area: Corporate Entities
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Emily V. Burton, Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for plaintiff.
for defendant: Srinivas M. Raju, Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Michael C. Holmes, Margaret Dunlay Terwey, Meredith S. Jeanes, Vinson & Elkins LLP, Dallas, TX; Christopher E. Duffy, David A. Hoffman, W. Logan Lewis, Vinson & Elkins LLP, New York, NY for defendants.
Case Number: D69646
The court held that 1) defendant's challenge to venue was not persuasive, 2) plaintiff did indeed state a claim for inversion under rules for notice pleading, and 3) plaintiff failed to state a claim for voiding the stock agreement under §205.
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