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Publication Date: 2020-10-21
Practice Area: Deals and Transactions
Industry: Construction | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Stephen E. Jenkins, Richard D. Heins, Ashby & Geddes, Wilmington, DE; Donald J. Enright, Elizabeth K. Tripodi, Jordan A. Cafritz, Levi & Korsinsky, LLP, Washington, DC for plaintiff.
for defendant: T. Brad Davey, J. Matthew Belger, Nicholas D. Mozal, Potter Anderson & Corroon LLP, Wilmington, DE; S. Michael Sirkin, Ross, Aronstam & Moritz LLP, Wilmington, DE; Yosef J. Riemer, Jeffrey Goldfine, Kirkland & Ellis LLP, New York, NY; Daniel A. Mason, Brandan W. Sullivan, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Andrew J. Ehrlich, Gregory Laufer, Anika Rappleye, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Lisa A. Schmidt, Alexander M. Krischik, Richards, Layton & Finger, P.A., Wilmington, DE for defendants
Case Number: D69163
The court granted a motion to dismiss claims for aiding and abetting and for unjust enrichment, because plaintiff failed to demonstrate knowing participation in any breaches of fiduciary duty.
Publication Date: 2020-09-30
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Lawrence P. Eagel, W. Scott Holleman, Garam Choe, Bragar Eagel & Squire, P.C., New York, NY for plaintiff.
for defendant: Daniel A. Mason, Brendan W. Sullivan, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Lewis R. Clayton, Robert N. Kravitz, Harris Fischman, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Ashley R. Altschuler, Ethan H. Townsend, McDermott Will & Emery LLP, Wilmington, DE; Jeffrey M. Reisner, Jason D. Strabo, Paul Ferrillo, McDermott Will & Emery LLP, Los Angeles, CA for defendants.
Case Number: D69138
The court dismissed plaintiff's complaint for breach of fiduciary duty because the corporate charter contained an exculpatory clause, and plaintiff failed to plead facts making it reasonably conceivable that any of the defendants were conflicted.
Publication Date: 2020-09-09
Practice Area: Damages
Industry: Financial Services and Banking | Accounting
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Terry L. Wit, Juan P. Morillo, Derek L. Shaffer, Lauren H. Dickie, and David H. Needham, Quinn Emanuel Urquhart & Sullivan, LLP, San Francisco, CA and Washington, DC for plaintiffs.
for defendant: Kevin R. Shannon, Matthew F. Davis, and Christopher N. Kelly, Potter Anderson & Corroon LLP, Wilmington, DE; Gregory G. Ballard and Jose F. Sanchez, Sidley Austin LLP, New York, NY; Todd Schiltz, Drinker Biddle & Reath LLP, Wilmington, DE; Robert A. Scher and Jonathan H. Friedman, Foley & Lardner LLP, New York, NY; Timothy Jay Houseal, Jennifer M. Kinkus, William E. Gamgort, Young Conaway Stargatt & T aylor LLP, Wilmington, DE; Ana C. Reyes, Williams & Connolly, LLP, Washington, DC for defendants.
Case Number: D69113
Negligence action under vicarious liability failed where plaintiffs failed to establish existence of agency or joint venture relationship between defendant and alleged tortfeasor due to the lack of written agreement as required by applicable Mexico law or existence of required elements under applicable Delaware or New York law to find agency or joint venture relationship.
Publication Date: 2020-04-15
Practice Area: Trusts and Estates
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Neil R. Lapinski and Phillip A. Giordano, Gordon, Fournaris & Mammarella, P.A., Wilmington, DE for plaintiffs.
for defendant: Jason C. Powell, The Powell Firm, LLC, Wilmington, DE for defendant.
Case Number: D68946
Decedent's daughters did not exercise undue influence with respect to his burial plans and beneficiary changes on his insurance policies. The court denied a request to have decedent's body disinterred.
Publication Date: 2020-04-01
Practice Area: Corporate Governance
Industry: Consulting
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Martin S. Lessner and Alberto E. Chávez, Young, Conaway, Stargatt & Taylor, LLP, Wilmington, DE; Steven J. Cohen and Stella L. Sainty, Watchel Missry LLP, New York, NY for plaintiff.
for defendant: Raymond J. DiCamillo, Brock E. Czeschin, and Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE; Mariam W. Tadros and Roya Vasseghi, Rees Broome, PC, Tysons Corner, VA; Kellie Budd, Doumar Martin, PLLC, Arlington, VA for defendants.
Case Number: D68926
Claims that arose from defendant's alleged breach of an LLC operating agreement were subject to the agreement's arbitration provision that required arbitration of all disputes among members relating to or arising from the operating agreement.
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Publication Date: 2020-03-18
Practice Area: Trusts and Estates
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Sharon Oras Morgan, Beth B. Miller and E. Chaney Hall, Fox Rothschild LLP, Wilmington, DE for petitioner.
for defendant: Christopher M. Coggins of Coggins Law LLC, Wilmington, DE for respondent.
Case Number: D68913
Trustee breached his fiduciary duties and acted to enrich himself at the expense of the other beneficiary. The court removed the trustee, ordered an accounting, and required the trustee to pay attorney fees.
Publication Date: 2020-03-11
Practice Area: Deals and Transactions
Industry: Consulting
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Stephen D. Dargitz, Kevin H. Davenport, and Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiff.
for defendant: Kevin G. Abrams, J. Peter Shindel, and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; James E. Brandt and Blair Connelly, Latham & Watkins, LLP, New York, NY for defendants.
Case Number: D68903
Complaint challenging self-tender offer not denied where subject to entire fairness review because inadequate disclosures and structure of offer rendered it coercive and where directors obtained personal benefits from the self-tender.
Publication Date: 2020-02-19
Practice Area: Mergers and Acquisitions
Industry: Food and Beverage
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Samuel T. Hirzel, II, Elizabeth A. DeFelice and Melissa N. Donimirski, Heyman Ererio Gattuso & Hirzel LLP, Wilmington, DE; Steven M. Hecht, Michael T.G. Long, Jarett N. Sena, Natalie F. Dallavalle, Frank T.M. Catalina, Edoardo Murillo and Jonathan M. Kass, Lowenstein Sandler LLP, New York, NY for peti-tioners.
for defendant: Paul J. Lockwood, Jennifer C. Voss, Jenness E. Parker, Alyssa S. O’Connell, Kaitlin E. Maloney, Daniel S. Atlas, Bonnie W. David and Andrew D. Kinsey, Skadden Arps Slate Meagher & Flom LLP, Wilming-ton, DE for respondent.
Case Number: D68882
In this statutory appraisal action, the court determined that the process by which the company was sold bore multiple indicia of reliability, and the deal price was persuasive evidence of fair value.
Publication Date: 2019-11-13
Practice Area: Mergers and Acquisitions
Industry: Health Care
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Bradley R. Aronstam and Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE; Martin S. Schenker, Matthew D. Caplan and Kristine A. Forderer, Cooley LLP, San Francisco, CA; Michael A. Barlow and Daniel J. McBride, Abrams & Bay-liss LLP, Wilmington, DE
for defendant: David W. Haller of Covington & Burling LLP, New York, NY for defendant.
Case Number: D68769
Plaintiff adequately stated a claim for breach of a merger agreement based on defendant's failure to make a milestone pay-ment and to use commercially reasonable efforts to obtain approval for a medical device.
Publication Date: 2019-10-16
Practice Area: Corporate Entities
Industry: Retail
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: D. McKinley Measley, Lauren Neal Bennett and Barnaby Grzaslewicz, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Joseph C. Weinstein and Sean L. McGrane, Squire Patton Boggs (US) LLP, Cleveland, OH for plaintiffs.
for defendant: Jonathan M. Stemerman, Elliott Greenleaf P.C., Wilmington, DE; Frances Floriano Goins and John M. Hands, Ulmer & Berne, LLP, Cleveland, OH and Cincinnati, OH for defendant.
Case Number: D68738
Corporate officers were entitled to mandatory advancement and fees-on-fees under the terms of their indemnification agree-ments and the company's charter.
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