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Publication Date: 2024-09-03
Practice Area: Employment Litigation
Industry: Health Care | Investments and Investment Advisory | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Ethan H. Townsend, Aaron P. Sayers, McDermott Will & Emery LLP, Wilmington, DE; Rachel B. Cowen, McDermott Will & Emery LLP, Chicago, IL; Morris J. Fodeman, Wilson Sonsini Goodrich & Rosati, New York, NY; Jeffery S. Hood, Procopio, Cory, Hargreaves & Savitch LLP, San Diego, CA for plaintiff.
for defendant: Philip A. Rovner, Potter Anderson & Corroon LLP, Wilmington, DE; Nimalka Wickramasekera, Winston & Strawn LLP, Los Angeles, CA, Brian J. Nisbet, Elizabeth S. Deshaies, Winston & Strawn LLP, Chicago, IL, John C. Sanders, Jr., Winston & Strawn LLP, Dallas, TX for defendants.
Case Number: 2017-0720-SG
Failure to disclose passive investment in competitor did not by itself constitute a breach of loyalty where there was no evidence executive acted against his employer's interests, used the investment to obtain an advantage, or had a conflict of interest.
Publication Date: 2024-09-03
Practice Area: Damages
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Cook
Attorneys: For plaintiff: P. Clarkson Collins, Albert J. Carroll, Kirsten A. Zeberkiewicz, Morris James LLP, Wilmington, DE; Charles J. Harder, Ryan J. Stonerock, Steven H. Frackman, Jordan A. Gonzales, Harder Stonerock LLP, Los Angeles, CA for plaintiffs.
for defendant: Stephen Shaw, Beverly Hills, CA, pro se defendant.
Case Number: 2018-0398-NAC
Court declined to award rescissory damages in default judgment where plaintiffs' operative complaint had only sought compensatory damages, since allowing a plaintiff to change their theory of recovery post-default was unfair to a defendant who may have rationally chosen to default.
Publication Date: 2024-09-03
Practice Area: Mergers and Acquisitions
Industry: Biotechnology | Manufacturing
Court: Court of Chancery
Judge: Chancellor Wallace
Attorneys: For plaintiff: C. Barr Flinn, Paul J. Loughman, Michael A. Carbonara, Jr., Young Conaway Stargatt & Taylor LLP, Wilmington, DE, Eric Leon, Latham & Watkins LLP, New York, NY, Nathan A. Sandals, Latham & Watkins LLP, Boston, MA for plaintiff.
for defendant: Patricia L. Enerio, Emily A. Letcher, Heyman Enerio Gattuso & Hirzell LLP, Wilmington, DE, Laurence A. Schoen, Breton Leone-Quick, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., Boston, MA for defendant.
Case Number: 2024-0170 PRW
Plaintiff reasonably interpreted parties' merger agreement as merely requiring FDA approval of the medical device system to secure milestone payment without reference to specific size variations of the product.
Publication Date: 2024-09-03
Practice Area: Damages
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Cook
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Edward F. Haber, Michelle H. Blauner, Ian J. McLoughlin, Patrick J. Vallely, Shapiro Haber & Urmy LLP, Boston, MA, attorneys for plaintiff;
for defendant: Srinivas M. Raju, Elizabeth J. Freud, Daniel A. Dreisbach, Susan Hannigan Cohen, Kevin M. Gallagher, Richards, Layton & Finger, P.A., Wilmington, DE; Reid L. Ashinoff, Kenneth J. Pfaehler, T. Carter White, Dentons US LLP, New York,NY; John C. Hueston, Marshall A. Camp, Padraic Foran, Zachary Murray, Hueston Hennigan LLP, Los Angeles, CA, attorneys for defendant.
Case Number: 2018-0691-NAC
Court ordered plaintiffs to produce unredacted versions of their fee agreements with proposed class counsel where plaintiffs admitted they had funding litigation agreements and the fee agreements were necessary for the court to evaluate whether counsel could adequately represent the class or had separate duties to the litigation funders, whose interests could diverge from the class.
Publication Date: 2024-09-03
Practice Area: Contracts
Industry: Financial Services and Banking | Biotechnology | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Cook
Attorneys: For plaintiff: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Antonio Yanez, Jr., Brady Sullivan, Willkie Farr & Gallagher LLP, New York, NY; Alexander L. Cheney, Willkie Farr & Gallagher LLP, San Francisco, CA for plaintiff.
for defendant: Philip A. Rovner, Potter Anderson & Corroon LLP, Wilmington, DE; Krista M. Enns, Edward C. Wipper, Benesch Friedlander Coplan & Aronoff LLP, New York, NY for defendant.
Case Number: 2019-0412-NAC
Court enforced contractual specific remedy provision where breaching party offered no persuasive argument for disregarding the clause and ordered the breaching party to perform at the value the warrant to purchase shares had at the time of its breach.
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Authors: Gary L. Brown
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Publication Date: 2024-09-03
Practice Area: Insurance Law
Industry: Distribution and Wholesale | Insurance | Manufacturing | Pharmaceuticals | Retail
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: Garrett B. Moritz, R. Garret Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Michael S. Shuster, Daniel M. Sullivan, Blair E. Kaminsky, Daniel M. Horowitz, Holwell Shuster & Goldberg LLP, New York, NY; Robert M. Mangino, Susan Koehler Sullivan, Clyde & Co LLP, Los Angeles, CA; Robert J. Katzenstein, Julie M. O’Dell, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Christopher J. St. Jeanos, Willkie Farr & Gallagher LLP, New York, NY; Bruce W. McCullough, Bodell Bové, LLC, Wilmington, DE; Karen M. Dixon, Skarzynski Marick & Black LLP, Chicago, IL; Joseph B. Cicero, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Adam H. Fleischer, R. Patrick Bedell, Allyson C. Spacht, BatesCarey LLP, Chicago, IL; Louis J. Rizzo, Jr., Reger Rizzo & Darnall LLP, Wilmington, DE; Monica T. Sullivan, Matthew J. Fink, Leena Soni, Stephanie M. Flowers, Nicolaides Fink Thorpe Michaelides Sullivan LLP, Chicago, IL; Sean J. Bellew, Bellew LLC, Wilmington, DE; Michael A. Kotula, Rivkin Radler LLP; Loren R. Barron, Kaufman Dolowich LLP, Wilmington, DE; Wade A. Adams, III, Law Offices Of Wade A. Adams, III, Newark, DE; Bryce L. Friedman, Matthew C. Penny, Simpson Thacher & Bartlett LLP, New York, NY; Thad J. Bracegirdle, Sarah T. Andrade, Emily L. Skaug, Bayard, P.A., Wilmington, DE; Edward B. Parks, II, Sara Hunkler, Ruggeri Parks Weinberg LLP, Washington, D.C.; Kevin. J. Connors, Marshall Dennehey, P.C., Wilmington, DE; Cheryl P. Vollweiler, Skarzynski Marick & Black LLP, New York, NY; Philip Trainer, Jr., Marie M. Degnan, Ashby & Geddes, Wilmington, DE; Robert A. Kole, Caroline M. Trusty, Choate, Hall & Stewart LLP, Boston, MA; Marc S. Casarino, Kennedys CMK LLP, Wilmington, DE; Christopher R. Carroll, Jillian D. Dennehy, Joshua S. Wirtshafter, Kennedys CMK LLP, Basking Ridge, NJ; Robert K. Beste, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Keith Moskowitz, Dentons US LLP, Chicago, IL; Kathryn Guinn, Dentons US LLP, Denver, CO; Deborah J. Campbell, Dentons US LLP, St. Louis, MO for plaintiffs.
for defendant: David J. Baldwin, Peter C. McGivney, Zachary J. Schnapp, Berger Harris LLP, Wilmington, DE; Jeffrey L. Schulman, Blank Rome LLP, New York, NY for defendant.
Case Number: N22C-02-045 PRW CCLD
Court ruled that insurers had no duty to indemnify opioid lawsuits where the lawsuits lacked specific allegations of personal injury or property damage underlying the claimed losses in those lawsuits.
Publication Date: 2024-08-27
Practice Area: Mergers and Acquisitions
Industry: Accounting | Distribution and Wholesale | Health Care | Manufacturing
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: Kelly E. Farman, Matthew W. Murphy, Edmond S. Kim, Richards, Layton & Finger, P.A., Wilmington, DE for petitioner.
for defendant: Steven L. Caponi, Matthew B. Goeller, Megan E. O’Connor, K&L Gates LLP, Wilmington, DE for respondent.
Case Number: N23C-02-164 PRW CCLD
Court upheld expert determination issued under parties' contractual dispute resolution clause where record undermined objector's claim that expert overlooked or improperly relied on evidence.
Publication Date: 2024-08-27
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Chancellor Wallace
Attorneys: For plaintiff: Rudolf Koch, Nicholas F. Mastria, Richards, Layton & Finger P.A, Wilmington, DE; Adam Slutsky, Godwin Proctor, LLP, Boston, MA for plaintiff.
for defendant: Tammy L. Mercer, Jillian A. Tyson, Young Conaway Stargatt & Taylor, LLP Wilmington, DE; N. Thomas Connallly, III, Christopher T. Pickens, Patrick T. Michael, and Samuel W. Yergin, Hogan Lovells US LLP, Tysons, VA for defendant.
Case Number: 2024-0261-PRW
Court found no breach of an exclusivity provision in a letter of intent where the provision merely prohibited soliciting proposals for a sale of the subject business, rather than communications about a potential transaction, and announcing consideration of strategic alternatives did not rise to the level of a firm solicitation.
Publication Date: 2024-08-27
Practice Area: Trusts and Estates
Industry:
Court: Court of Chancery
Judge: Chancellor McCormick
Attorneys: For plaintiff: Kathleen DeLacy, Martin D. Page, Reger Rizzo & Darnall LLP, Wilmington, DE for plaintiff.
for defendant: Jason C. Powell, Thomas J. Reichert, Laurel A. LaLone, The Powell Firm, LLC, Wilmington, DE for defendant.
Case Number: 2023-0077-LM
Court directed parties to address the issue of whether Delaware law expressly or impliedly conferred a parent with standing to challenge the validity of their deceased child's marriage on grounds of fraud.
Publication Date: 2024-08-27
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Investments and Investment Advisory
Court: U.S. Bankruptcy Court
Judge: Judge Horan
Attorneys: For plaintiff:
for defendant:
Case Number: 23-11240 (TMH)
Court authorized unsecured creditors committee to pursue fraudulent transfer claims against first-priority secured creditor where it allegedly forced debtor to concede financial control that the secured creditor used to obtain potentially avoidable transactions.
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