• Stone & Paper Investors, LLC v. Blanch

    Publication Date: 2020-07-15
    Practice Area: Corporate Governance
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Richard I.G. Jones, Jr., Berger Harris LLP, Wilmington, DE; David Lackowitz, Zaid Shukri, Moses & Singer LLP, New York, NY for plaintiff.
    for defendant: Catherine Damavandi, Nurick Law Group, LLC for Blanch, Red Bridge and Clovis Holdings defendants. Evan O. Williford, The Williford Firm LLC, Wilmington, DE for Skinner defendants.

    Case Number: D69052

    Defendants adequately alleged counterclaims for breach of contract and unjust enrichment, but the court granted plaintiff's motion to dismiss the remainder of the counterclaims.

  • In re: Oracle Corp. Derivative Litig.

    Publication Date: 2020-07-08
    Practice Area: Corporate Governance
    Industry: Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher P. Quinn and Bradley P. Lehman, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiff.
    for defendant: Elena C. Norman and Richard J. Thomas, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Peter A. Wald and Blair Connelly, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Henley, James and Hurd. A. Thompson Bayliss and E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John W. Spiegel, George M. Garvey and John M. Gildersleeve, Munger, Tolles & Olson LLP, Los Angeles, CA for defendant Goldberg. Andrew S. Dupre and Sarah E. Delia, McCarter & English, LLP, Wilmington, DE; Robert P. Feldman and Christopher D. Kercher, Quinn Emanuel Urquhart & Sullivan, LLP, Redwood Shores, CA and New York, NY for defendant Nelson. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A. , Wilmington, DE for nominal defendant Oracle Corp.

    Case Number: D69043

    Fiduciaries for an acquired entity did not engage in aiding and abetting, because they did not provide substantial assistance to the buyer's fiduciaries in breaching their duties.

  • Dohmen v. Goodman

    Publication Date: 2020-07-08
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Sarah M. Ennis, Morris James LLP, Wilmington, DE; Andrew B. Holmes and Matthew D. Taylor, Holmes, Taylor, Cowan & Jones LLP, Los Angeles, CA for appellant
    for defendant: Rodney Smolla, Wilmington, DE; Jeffrey C. Engerman, Law Offices of Jeffrey C. Engerman, P.C., Los Alamitos, CA for appellee.

    Case Number: D69038

    General partner had no duty of disclosure in a request for capital contribution directed at an individual limited partner, requiring the limited partner to prove reliance and causation to recover on a fiduciary duty claim.

  • In re: Dell Tech. Inc. Class V Stockholders Litig.

    Publication Date: 2020-06-24
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Ned Weinberger, Derrick Farrell, Mark Richardson, Thomas Curry and Dominic Minerva, Labaton Sucharow LLP, Wilmington, DE and New York, NY; David M. Cooper, Silpa Maruri, Dominic Pody and James Meehan, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Peter B. Andrews, Craig J. Springer and David Sborz, Andrews & Springer LLC, Wilmington, DE; Chad Johnson and Noam Mandel, Robins Geller Rudman & Dowd LLP, New York, NY; Jeremy S. Friedman and David F.E. Tejtel. Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiffs.
    for defendant: Gregory P. Williams, John D. Hendershot and Susan M. Hannigan, Richards, Layton & Finger, P.A., Wilmington, DE; John L Latham, Cara M. Peterman and Gidon M. Caine, Charles W. Cox, Alston & Bird LLP, Atlanta, GA, Palo Alto, CA and Los Angeles, CA for defendants Dell, Durban, Patterson and Kullman. Martin S. Lessner, Elena C. Norman, James M. Yoch, Jr. and Lauren Dunkle Fortunato, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; James G. Kreissman, Stephen P. Blake and David Elbaum, Simpson Thacher & Bartlett LLP, New York, NY for defendant Silver Lake Group LLC. Kevin G. Abrams, Michael A. Barlow and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Michele D. Johnson, Kristin N. Murphy and Ryan A. Walsh, Latham & Watkins LLP, Costa Mesa, CA for defendants Green and Dorman.

    Case Number: D69027

    Plaintiffs alleged sufficient facts to trigger the entire fairness standard of review, so the court denied defen-dants' motion to dismiss.

  • EnVen Energy Corp. v. Dunwoody

    Publication Date: 2020-06-10
    Practice Area: Corporate Governance
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kevin M. Coen and Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Paul Spagnoletti, Antonio J. Perez-Marques and Matthew Cormack, Davis Polk & Wardwell LLP, New York, NY for plaintiff.
    for defendant: Brock E. Czeschin and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Robin C. Gibbs, Anthony N. Kaim, Angus Dodson and Gabriel D. Kaim. Gibbs & Bruns LLP, Houston, TX for defendant Dunwoody. Daniel C. Herr of the Law Office of Daniel C. Herr LLC, Wilmington, DE for defendant Oilfield Pipe of Texas, LLC.

    Case Number: D69009

    Plaintiff's claims for breach of fiduciary duty did not fall within the forum selection provision of the parties' employment contract, so the provision did not deprive the court of venue.

  • Weller v. Wilkinson

    Publication Date: 2020-06-03
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Legal Services
    Court: U.S. District Court of Delaware
    Judge: District Judge Hall
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69005

    The court granted the parties' motion to consolidate these two shareholder derivative actions.

  • Adams v. Klein

    Publication Date: 2020-05-27
    Practice Area: Corporate Governance
    Industry: Pharmaceuticals
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Gregory F. Fischer, Cozen O’Connor, Wilmington, DE; Michael B. de Leeuw, Matthew L. Elkin, and Martin Bloor, Cozen O’Connor, New York, NY for plaintiffs.
    for defendant: Andrew L. Cole and Bradley P. Lehman, Cole Schotz, Wilmington, DE; Steven R. Klein and Rachel A. Mongiello, Cole Schotz, Hackensack, NJ for defendant.

    Case Number: D68990

    Tortious interference counterclaim brought by LLC member terminated as CEO dismissed on summary judgment where the LLC duty of loyalty did not extend to members acting with respect to one another in the employment context.

  • In re GoPro, Inc. Stockholder Derivative Litig.

    Publication Date: 2020-05-13
    Practice Area: Corporate Governance
    Industry: Consumer Products | Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Seth D. Rigrodsky, Brian D. Long and Gina M. Serra, Rigrodsky & Long, P.A., Wilmington, DE; Melinda A. Nicholson and Ni-colas Kravitz of Kahn Swick & Foti, LLC, New Orleans, LA for lead plaintiffs.
    for defendant: R. Judson Scaggs, Jr., Susan W. Waesco and Riley T. Svikhart, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Susan S. Muck, Catherine D. Kevane, and Marie C. Bafus, Fenwick & West LLP, San Francisco, California for director defendants and nominal defendant GoPro, Inc.

    Case Number: D68979

    Plaintiffs in this stockholder derivative matter failed to demonstrate demand futility. The court found that demand was not excused, so it granted defendants' motion to dismiss.

  • Extell DV LLC v. Hemeyer

    Publication Date: 2020-05-06
    Practice Area: Corporate Governance
    Industry: Hospitality and Lodging
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Thomas W. Briggs, Jr. and Jarett W. Horowitz, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; John R. Lund and Adam E. Weinacker, Parsons Behle & Latimer, Salt Lake City, UT for plaintiff.
    for defendant: Catherine G. Dearlove Andrew J. Peach, Richards, Layton & Finger, P.A., Wilmington, DE; Scott A. Hagen, Gregory S. Roberts, and Beth J. Ranschau, Ray Quinney & Nebeker P.C., Salt Lake City, UT for defendants.

    Case Number: D68967

    Mere participation by LLC minority members in the negotiation of the LLC agreements, without knowledge, intent, or participation to form the LLC specifically in Delaware was insufficient to find the transacting of business in Delaware so as to exercise long-arm personal jurisdiction over the out-of-state minority members.

  • Elburn v. Albanese

    Publication Date: 2020-05-06
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: David A. Jenkins, Neal C. Belgam, and Jennifer M. Rutter, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Steven J. Purcell, Douglas E. Julie, Robert H. Lefkowitz, and Kaitlyn T. Devenyns, Purcell Julie & Lefkowitz LLP, New York, NY for plaintiff.
    for defendant: Kenneth J. Nachbar, Megan Ward Cascio, Zi-Xiang Shen, and Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendants.

    Case Number: D68966

    Motion to dismiss derivative complaint denied where plaintiff's allegation of an explicit quid pro quo among directors provided sufficient particularity to plead demand futility.