• Advent Int'l, L.P. v. Servicios Funerarios GG S.A. de C.V.

    Publication Date: 2024-11-12
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: William M. Lafferty, Kevin M. Coen, Alex F. Hoeschel, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Peter L. Welsh, Daniel V. Ward, Ropes & Gray LLP, Boston, MA; Nicholas A. S. Hoy, Andrew J. Rossman, Quinn Emanuel Urquhart & Sullivan LLP, New York, NY; Joseph Margolies, Quinn Emanuel Urquhart & Sullivan LLP, Chicago, IL; Gabriel F. Soledad, Quinn Emanuel Urquhart & Sullivan LLP, Washington, D.C. for plaintiffs.
    for defendant: Peter J. Walsh, Jr., Aaron R. Sims, Charles R. Hallinan, Potter Anderson & Corroon LLP, Wilmington, DE; David Boies, Marc Ayala, Boies Schiller Flexner LLP, Armonk, NY; Carlos M. Sires, Boies Schiller Flexner LLP, Fort Lauderdale, FL for defendant.

    Case Number: 2023-0647-LWW

    Defendant breached guarantee agreement by filing suit against a non-party in violation of the release defendant agreed to, triggering the guarantee's termination provision.

  • Roberta Ann K.W. Wong Leung Revocable Trust v. Amazon.com, Inc.

    Publication Date: 2024-11-05
    Practice Area: Corporate Governance
    Industry: E-Commerce | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Samuel L. Closic, Seth T. Ford, Prickett, Jones & Elliott, P.A., Wilmington, DE; Brian J. Robbins, Stephen J. Oddo, Gregory E. Del Gaizo, Michael J. Nicoud, Eric M. Carrino, Robbins LLP, San Diego, CA; Daniel B. Rehns, Scott Jacobsen, Hach Rose Schirripa & Cheverie, New York, NY for plaintiff.
    for defendant: Garrett B. Moritz, Dylan T. Mockensturm, Benjamin M. Whitney, Ross Aronstam & Moritz LLP, Wilmington, DE; William Savitt, Anitha Reddy, Adam M. Gogolak, Alexis J. Abboud, Wachtell, Lipton, Rosen & Katz, New York, NY for defendant.

    Case Number: 2023-1251-BWD

    Court denied stockholder's books and records inspection request where it failed to specifically allege corporate wrongdoing and instead made vague and overbroad allegations of mismanagement.

  • Berger v. Graf Acquisition, LLC

    Publication Date: 2024-11-05
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Kimberly A. Evans, Lindsey K. Faccenda, Irene R. Lax, Robert Erikson, Block & Leviton LLP, Wilmington, DE for plaintiff.
    for defendant: S. Michael Sirkin, Benjamin M. Whitney, Ross Aronstam & Moritz LLP, Wilmington, DE for defendant.

    Case Number: 2023-0873-LWW

    Court denied plaintiff's motion to compel production of documents where plaintiff had made an overbroad request for documents, with the court instead allowing defendants to produce documents under technology assisted review.

  • Chai v. Maginn

    Publication Date: 2024-10-15
    Practice Area: Corporate Governance
    Industry: Education | Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Neil R. Lapinski, Phillip A. Giordano, Madeline R. Silverman, Gordon, Fournaris & Mammarella, P.A., Wilmington, DE for plaintiff.
    for defendant: Thomas A. Uebler, Kathleen A. Murphy, Adam J. Waskie, Sarah P. Kaboly, Terisa A. Shoremount, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Thad J. Bracegirdle, Sarah T. Andrade, Bayard, P.A., Wilmington, DE for defendants.

    Case Number: 2024-0393-LWW

    Stockholder/director's claims for breach of stockholders' agreement were barred by res judicata, laches, and acquiescence where director served alongside other directors without objection and could have asserted her present claims in a prior action against the other directors.

  • In re: TransUnion Derivative Stockholder Litig.

    Publication Date: 2024-10-15
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking | Federal Government
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Samuel L. Closic, John G. Day, Seth T. Ford, Prickett, Jones & Elliott, P.A., Wilmington, DE; Laurence Paskowitz, The Paskowitz Law Firm P.C., Rego Park, NY; Emily Komlossy, Komlossy Law, P.A., Hollywood, FL; Frederic S. Fox, Kaplan Fox & Kilsheimer LLP, New York, NY; Matthew M. Houston, Glancy Prongay & Murray LLP, New York, NY; D. Seamus Kaskela, Adrienne Bell, Kaskela Law LLC, Newtown Square, PA; Alfred G. Yates, Law Office of Alfred G. Yates, Jr., P.C., Pittsburgh, PA for plaintiffs.
    for defendant: Kevin M. Gallagher, Spencer V. Crawford, Richards, Layton & Finger, P.A., Wilmington, DE; Sandra C. Goldstein, Victoria J. Ryan, Mike Rusie, Kirkland & Ellis LLP, New York, NY for defendants.

    Case Number: 2022-1103-LWW

    Court dismissed derivative complaint for lack of demand futility where board's minor disagreements with regulators over the terms of a consent order did not rise to a willful disregard of the law or failure of oversight to constitute a breach of the duty of loyalty.

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  • Roth v. Sotera Health Co.

    Publication Date: 2024-10-08
    Practice Area: Employment Litigation
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: John M. Seaman, G. Mason Thomson, Abrams & Bayliss LLP, Wilmington, DE; Ryan Q. Keech, K&L Gates LLP, Los Angeles, CA; Matthew B. Goeller, K&L Gates LLP, Wilmington, DE; Carl Alan Roth, Roth Ames LLP, La Habra, CA for plaintiff.
    for defendant: John P. DiTomo, Lauren K. Neal, Courtney Kurz, Taylor A. Christensen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendant.

    Case Number: 2022-1192-LWW

    Court ruled that company's former LLP agreement's vesting and forfeiture terms for partnership units could be incorporated into restricted stock agreement following company's corporate conversion and exchange of employee's units for restricted stock.

  • ARC Global Inv., II, LLC v. Digital World Acquisition Corp.

    Publication Date: 2024-10-01
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Matthew D. Perri, Daniel E. Kaprow, Elizabeth J. Freud, Alfred P. Dillione, Rae Ra, Richards, Layton & Finger, P.A., Wilmington, DE for plaintiff.
    for defendant: Kevin M. Coen, Jacob M. Perrone, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Bradley J. Bondi, D. Scott Carlton, Traci Zeller, Nicholas J. Griepsma, Paul Hastings LLP, Washington, D.C. for defendant.

    Case Number: 2024-0186-LWW

    Court recalculated conversion ratio following business combination where inclusion of issued shares regardless of the circumstances of issuance was consistent with the anti-dilutive purpose of the conversion.

  • Paragon Tech., Inc. v. Ocean Power Tech., Inc.

    Publication Date: 2024-10-01
    Practice Area: Corporate Governance
    Industry: Defense | Electronics | Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Evan O. Williford, The Williford Firm LLC, Wilmington, DE for plaintiff.
    for defendant: Tyler J. Leavengood, Christopher N. Kelly, Callen R. Jackson, Christopher D. Renaud, Ryan M. Ellingson, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: 2024-0386-LWW

    Early stage of litigation and lack of improper motive weighed in favor of granting petitioner's motion to dismiss the action without prejudice.

  • Campus Eye Mgmt. Holdings, LLC v. DiDonato

    Publication Date: 2024-09-17
    Practice Area: Corporate Governance
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: David J. Margules, Elizabeth A. Sloan, Steven L. Becton, II, Ballard Spahr LLP, Wilmington, DE for plaintiff.
    for defendant: Mary F. Dugan, Emily V. Burton, Tanner C. Jameson, Alan C. Cardenas-Moreno, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for defendant.

    Case Number: 2024-0121-LWW

    Court upheld transaction involving merger of operating subsidiary and amendment of its LLC agreement to remove manager, where the relevant LLC agreements and the LLC Act authorized the actions taken to facilitate the transaction.

  • Fortis Advisors LLC v. Johnson & Johnson

    Publication Date: 2024-09-17
    Practice Area: Mergers and Acquisitions
    Industry: Biotechnology | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Bradley R. Aronstam, Roger S. Stronach, Dylan T. Mockensturm, Ross Aronstam & Moritz LLP, Wilmington, DE; Philippe Z. Selendy, Jennifer M. Selendy, Sean P. Baldwin, Oscar Shine, Selendy Gay PLLC, New York, NY for plaintiff.
    for defendant: William M. Lafferty, Susan W. Waesco, Elizabeth A. Mullin Stoffer, Kirk C. Andersen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Joshua A. Goldberg, Muhammad U. Faridi, Diana M. Conner, Lauren S. Potter, Patterson Belknap Webb & Tyler LLP, New York, NY for defendants.

    Case Number: 2020-0881-LWW

    Evidence demonstrated that acquirer intentionally sabotaged development of seller's new technology to avoid making earnout payments, in violation of the merger agreement's requirement to use commercially reasonable efforts and designate the technology as a company priority.