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Publication Date: 2024-11-12
Practice Area: Bankruptcy
Industry: Manufacturing
Court: U.S. District Court of Delaware
Judge: District Judge Hall
Attorneys: For plaintiff: Gary Perryman, Linda Perryman, Brandyn Perryman, Miami Beach, FL, pro se appellants.
for defendant: Mette H. Kurth, Culhane PLLC, Wilmington, DE for appellee.
Case Number: 22-10541 (TMH)
Bankruptcy court appropriately granted sanctions to screen future pro se filings after litigants had filed numerous baseless and vexatious filings in bankruptcy case.
Publication Date: 2024-11-12
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Ned Weinberger, Mark Richardson, Labaton Sucharow LLP, Wilmington, DE; Jeroen van Kwawegen, Edward G. Timlin, Eric J. Riedel, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiff.
for defendant: Rudolf Koch, Kevin M. Gallagher, Daniel E. Kaprow, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Thomas Uebler, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Jason Cyrulnik, Paul Fattaruso, Matthew Henken, Cyrulnik Fattaruso LLP, New York, NY for defendants.
Case Number: 2017-0486-SG
Court denied plaintiff representative's motion to shift legal fees and costs where the court only awarded nominal damages and thus the stockholder class received no meaningful benefit, and where plaintiff's counsel litigated the case under a contingency arrangement.
Publication Date: 2024-11-12
Practice Area: Corporate Governance
Industry: E-Commerce | Technology Media and Telecom
Court: Court of Chancery
Judge: Chancellor McCormick
Attorneys: For plaintiff: John L. Reed, Peter H. Kyle, Daniel P. Klusman, DLA Piper LLP (US), Wilmington, DE for plaintiffs.
for defendant: Scott James Leonhardt, The Rosner Law Group LLC, Wilmington, DE for defendant.
Case Number: 2023-0684-LM
Court dismissed books and records inspection requests for failures to comply with the form-and-manner requirements of §220.
Publication Date: 2024-11-12
Practice Area: Securities Litigation
Industry: Consumer Products | E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Benjamin P. Chapple, John T. Miraglia, Reed Smith LLP, Wilmington, DE for plaintiffs.
for defendant: Sean M. Brennecke, Aimee M. Czachorowski, Lewis Brisbois Bisgaard & Smith, LLP, Wilmington, DE; Albert J. Carroll, Samuel E. Bashman, Morris James LLP, Wilmington, DE; Elisabeth A. Moriarty, Steven A. Stein, Eric M. Sefton, Greenberg Glusker Fields Claman & Machtinger LLP, Los Angeles, CA for defendant.
Case Number: 2024-0344-SG
Court declined to dismiss reformation claim based on theory of mistake where plaintiff adequately pled the terms of an agreement orally agreed to by the parties, such that a factfinder could infer that defendant either erroneously drafted a non-compliant written agreement, or intentionally or knowingly did so and stood by as plaintiff signed it.
Publication Date: 2024-11-12
Practice Area: Mergers and Acquisitions
Industry: E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Elizabeth A. Sloan, Ballard Spahr LLP, Wilmington, DE; Jason C. Spiro, Thomas M. Kenny, Marissa DeAnna, Spiro, Harrison & Nelson, Montclair, NJ for plaintiffs.
for defendant: Geoffrey G. Grivner, Kody M. Sparks, Buchanan Ingersoll & Rooney PC, Wilmington, DE; Geoffrey G. Grivner, Kody M. Sparks, Buchanan Ingersoll & Rooney PC, Wilmington, DE; Gavin J. Rooney, Lowenstein Sandler LLP, New York, NY for defendants.
Case Number: 2021-0346-JTL
Court rejected appraisal and breach of fiduciary duty claims where the record evidence demonstrated that plaintiff common stockholders' equity was worthless at the time of the merger as the company's investor's liquidation and redemption rights exceeded the company's reasonable value.
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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.
Publication Date: 2024-11-05
Practice Area: Intellectual Property
Industry: Biotechnology | Legal Services
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Brian A. Biggs, Stephanie O’Byrne, DLA Piper LLP (US), Wilmington, DE; Michael Sitzman, DLA Piper LLP (US), San Francisco, CA; Susan Krumplitsch, DLA Piper LLP (US), East Palo Alto, CA for plaintiffs.
for defendant: Jack B. Blumenfeld, Jeremy A. Tigan, Megan E. Dellinger, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Nicholas Groombridge, Eric Alan Stone, Groombridge, Wu, Baughman & Stone LLP, Cold Springs, NY; Jennifer Gordon, Peter Sandel, Tanya S. Manno, Chih-wei Wu, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Wendy A. Whiteford, J. Drew Diamond, Amgen Inc., Thousand Oaks, CA for defendant.
Case Number: 21-1807 (MN)
Court denied motion to disqualify plaintiffs' counsel due to its prior representation of defendant's parent company finding a lack of overlap between the present case and counsel's prior representation of the parent company.
Publication Date: 2024-11-05
Practice Area: Intellectual Property
Industry: Food and Beverage
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys: For plaintiff: Glenn A. Brown, Real World Law, P.C., Wilmington, DE for plaintiffs.
for defendant: Chad S.C. Stover, Barnes & Thornburg LLP, Wilmington, DE for defendant.
Case Number: 20-1170-RGA
Court denied parties' cross-motions for attorneys' fees and costs where each party succeeded on an equal number of claims in the case.
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.
Publication Date: 2024-11-05
Practice Area: Corporate Governance
Industry: Biotechnology | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Jeffrey M. Norton, Benjamin D. Baker, Newman Ferrara LLP, New York, NY for plaintiff.
for defendant: Andrew H. Sauder, Daniel S. Atlas, Dailey LLP, Wilmington, DE; Ryan J. Levan, Dailey LLP, Philadelphia, PA for defendants.
Case Number: 2023-0469-SG
Court applied entire fairness standard to fiduciary claims where defendants could control board through their personal/financial ties to directors and found complaint plausibly alleged that merger proxy omitted material information about share value.
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