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  • 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.

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  • 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.

  • Bay Capital Finance, LLC v. Barnes & Noble Educ., Inc.

    Publication Date: 2020-04-15
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Sean J. Bellew, Bellew LLC, Wilmington, DE; David A. Felice, Bailey & Glasser LLP, Wilmington, DE; Martin F. Cunniff, Ruyak Cherian LLP, Washington, DC for plaintiff.
    for defendant: Raymond J. DiCamillo, Robert L. Burns, Kevin M. Gallagher, Eliezer Y. Feinstein, and Brian S. Yu, Richards, Layton & Finger, P.A., Wilmington, DE; Adam Offenhartz, Aric H. Wu, David F. Crowley-Buck, and Peter M. Wade, Gibson,Dunn & Crutcher LLP, New York, NY for defendants.
    Case Number: D68942

    Stockholder's breach of fiduciary duty claim against chairman dismissed where chairman had not exercised authority to reject stockholder's nomination notice, which was instead considered and rejected by the full board.

  • Shabbouei v. Potdevin

    Publication Date: 2020-04-15
    Practice Area: Corporate Governance
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Brian J. Robbins, Stephen J. Oddo and Steven R. Wedeking, Rob-bins Arroyo LLP, San Diego, CA for plaintiff.
    for defendant: Bradley R. Aronstam and Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE; Joseph S. Allerhand, Stephen A. Radin and Thomas G. James, Weil, Gotshal & Manges LLP, New York, NY for individual defendants and nominal corporate defendant.
    Case Number: D68947

    In this derivative action, plaintiff failed to demonstrate demand futility, so the court granted defendants' motion to dismiss the complaint in its entirety.

  • Buckley Family Trust v. McCleary

    Publication Date: 2020-04-15
    Practice Area: Corporate Governance
    Industry: Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Peter J. Walsh, Jr. and Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE for plaintiff.
    for defendant: Daniel A. Dreisbach, Richard P. Rollo, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.
    Case Number: D68943

    Shareholder derivative complaint dismissed where directors reasonably exercised business judgment to decline to issue dividends and on other issues, such that directors faced no substantial risk of personal liability and could have impartially considered litigation demand.

  • 360 Campaign Consulting, LLC v. Diversity Commc'n, LLC

    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.