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  • CHC Inv., LLC v. FirstSun Capital Bancorp

    Publication Date: 2019-02-06
    Practice Area: Corporate Entities | Discovery
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: James D. Taylor, Jr., Saul Ewing Arnstein & Lehr LLP, Wilmington, DE; Michael C. Manning, Jeffrey J. Goulder, Stefan M. Palys, and Christy M. Milliken, Stinson Leonard Street LLP, Phoenix, AZ for plaintiff.
    for defendant: Jon E. Abramczyk, William M. Lafferty, and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Lawrence Portnoy and Julia Kiechel, Davis Polk & Wardwell LLP, New York, NY for defendant.
    Case Number: D68447

    Section 220 complaint was dismissed after stockholder had filed plenary action against corporation and could not demonstrate timing pressures created by defendant or need to discover additional information following a dismissal without prejudice.

  • Applied Energetics, Inc. v. Farley

    Publication Date: 2019-02-06
    Practice Area: Corporate Entities | Securities Litigation
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Jason C. Jowers, Meghan A. Adams, and Ian D. McCauley, Morris James LLP, Wilmington, DE; David A. Robinson, Benjamin P. Pugh, and Michael S. Wilde, Enterprise Counsel Group, a Law Corporation, Irvine, CA for plaintiff.
    for defendant: Kathleen M. Miller and Clarissa R. Chenoweth, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Ryan J. Whalen, Gusrae Kaplan Nusbaum PLLC, New York, NY for defendants.
    Case Number: D68446

    Preliminary injunction restricting transfer of stock allegedly issued in a director's breach of fiduciary duty was granted where company was likely to prove director lacked authority to issue the stock and director issued it at an unreasonably low price.

  • Busch v. Richardson

    Publication Date: 2018-11-28
    Practice Area: Corporate Entities | Deals and Transactions | Securities Litigation
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeffrey Norton and Roger A. Sachar, Newman Ferrara LLP, New York, NY; Peter Safirstein and Elizabeth S. Metcalf, Safirstein Metcalf LLP, New York, NY for plaintiff
    for defendant: Blake Rohrbacher, Kevin M. Gallagher, and John M. O'Toole, Richards, Layton & Finger, P.A., Wilmington, DE; P. Clarkson Collins, Jr., Morris James LLP, Wilmington, DE; Garrett B. Moritz and Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE for defendants.
    Case Number: D68366

    Derivative complaint arising from related-party transactions dismissed after board exercised business judgment to decline stockholder's litigation demand, where stockholder failed to plead that demand was made in reliance on company's inaccurate representations or that a majority of the directors were not disinterested or independent.

  • Wenske v. Blue Bell Creameries, Inc.

    Publication Date: 2018-11-28
    Practice Area: Contractual Disputes | Corporate Entities
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Jessica Zeldin of Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Scott G. Burdine and David E. Wayne of Burdine Wynne LLP, Houston, TX for plaintiffs
    for defendant: Timothy R. Dudderar and Travis R. Dunkelberger of Potter Anderson & Corroon LLP for Blue Bell de-fendants; Srinivas M. Raju and Kelly L. Freund of Richards, Layton & Finger, P.A., Wilmington, DE for defendants Bridges and Kruse.
    Case Number: D68371

    Plaintiffs failed to allege sufficient facts to rebut the presumption of corporate separateness between a parent company and its subsidiary, and their conclusory allegations did not support theories for piercing the corporate veil or joint venture liability.

  • SARN Energy LLC v. Tatra Defence Vehicle A.S.

    Publication Date: 2018-11-21
    Practice Area: Contractual Disputes | Corporate Entities
    Industry: Consulting | Defense | Manufacturing
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff: Oderah C. Nwaeze and Ryan E. Borneman of Duane Morris LLP, Wilmington, DE, attorneys for plaintiff.
    for defendant: Philip Trainer, Jr. and Hayley Lenahan of Ashby & Geddess, Wilmington, DE; Kenneth J. Pfaehler of Dentons US LLP, Washington, DC, attorneys for defendant.
    Case Number: D68363

    Defendant adequately alleged its breach of contract counterclaims, but it failed to state a viable claim for fraud and matters relating to alter ego liability had to be filed in another court.

  • Law Journal Press | Digital Book

    Texas Personal Automobile Insurance Policy 2020

    Authors: Janet K. Colaneri

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  • Seiden v. Schwartz, Levitsky, and Feldman LLP

    Publication Date: 2018-11-21
    Practice Area: Corporate Entities | Private Equity and Venture Capital
    Industry: Accounting | Agriculture
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Daniel K. Hogan of Hogan McDaniel, Wilmington, DE, attorney for plaintiff.
    for defendant: Patrick M. McGrory of Tighe & Cottrell, P.A., Wilmington, DE attorney for defendant.
    Case Number: D68364

    The court lacked personal jurisdiction over a foreign entity where the facts did not meet the requirements of the long-arm statute, and did not comport with due process.

  • Pasternack v. Northeastern Aviation Corp.

    Publication Date: 2018-11-21
    Practice Area: Corporate Entities | Occupational Safety and Health
    Industry: Aerospace | Federal Government
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Paul D. Brown, Joseph B. Cicero and Stephanie H. Dallaire of Chipman Brown Cicero & Cole, LLP, Wil-mington, DE; Cynthia S. Arato and Daniel J. O'Neill of Shapiro Arato LLP, New York, NY, attorneys for plaintiff
    for defendant: Francis G.X. Pileggi and Alexandra D. Rogin of Eckert Seamans Cherin & Mellott, LLC, Wilmington, DE, Edward J. Longosz, II of Eckert Seamans Cherin & Mellott, LLC, Washington, DC, attorneys for de-fendant.
    Case Number: D68362

    A pilot was entitled to indemnification under the bylaws of an aircraft charter company in connection with le-gal expenses incurred in a drug testing matter.

  • Post Holdings, Inc. v. NPE Seller Rep LLC

    Publication Date: 2018-11-14
    Practice Area: Corporate Entities | Deals and Transactions
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Rodger D. Smith II, Ryan D. Stottmann and Alexandra M. Cumings of Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Richard B. Walsh, Jr. and Evan Z. Reid of Lewis Rice LLC, St. Louis, MO for plaintiffs.
    for defendant: Kevin R. Shannon, Christopher N. Kelly and Jay G. Stirling of Potter, Anderson & Corroon LLP, Wil-mington, DE; William C. O'Neil, Jeffrey J. Huelskamp and Michael A. Meneghini of Winston & Strawn LLP, Chicago, IL for defendants.
    Case Number: D68356

    Plaintiffs could not enjoy benefits under the contract while refusing to perform their obligations under it.

  • Village Green Holding, LLC v. Holtzman

    Publication Date: 2018-10-17
    Practice Area: Corporate Entities | Deals and Transactions
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Richard P. Rollo, Anthony M. Calvano, Courtney A. Carvill, Alan S. Loewinsohn and Kerry Schonwald, attorneys for plaintiffs
    for defendant: Brian E. Farnan , Michael J. Farnan and Marc L. Newman, attorneys for defendants.
    Case Number: D68319

    Plaintiffs were entitled to preliminary injunction precluding defendants from further litigating action in another jurisdiction where parties had valid forum selection clauses conferring exclusive jurisdiction on Delaware.

  • Marchand v. Barnhill

    Publication Date: 2018-10-10
    Practice Area: Corporate Entities
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Robert J. Kriner, Jr., Vera G. Belger, Michael Hawash and Jourdain Poupore, attorneys for plaintiff
    for defendant: Timothy R. Dudderar, Travis R. Dunkelberger,; Srinivas M. Raju and Kelly L. Freund, attorneys for defendants.
    Case Number: D68312

    Derivative breach of fiduciary duty claim failed where plaintiff failed to make or excuse pre-suit litigation demand upon the board, the majority of whom were sufficiently disinterested to exercise independent judgment of such demand, and where plaintiff had failed to plead the requisite scienter for a failure of oversight claim levied against directors.