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Publication Date: 2023-02-07
Practice Area: Corporate Entities
Industry: Food and Beverage | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Michael J. Barry, Christine M. Mackintosh, Rebecca A. Musarra, Vivek Upadhya, Michael D. Bell, Grant & Eisenhoffer P.A., Wilmington, DE; Barbara J. Hart, Grant & Eisenhoffer P.A., New York, NY; Geoffrey M. Johnson, Scott + Scott Attorneys At Law LLP, Cleveland Heights, OH; Jing-Li Yu, Scott + Scott Attorneys At Law LLP, New York, NY; Max R. Huffman, Scott + Scott Attorneys At Law LLP, San Diego, CA; Jeffrey M. Norton, Benjamin D. Baker, Newman Ferrara LLP, New York, NY for plaintiffs.
for defendant: Garrett B. Moritz, S. Reiko Rogozen, Holly E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; Ronald L. Olson, George M. Garvey, Robert L. Dell Angelo, Brian R. Boessenecker, Munger, Tolles & Olson LLP, Los Angeles, CA; Daniel C. Herr, Law Offices of Daniel C. Herr LLC, Wilmington, DE; Shawn P. Naunton, Catherine S. Duval, Leila Bijan, Zuckerman Spaeder LLP, New York, NY; Kathleen M. Miller, Julie M. O’Dell, Jason Z. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE for defendants.
Case Number: 2021-0324-JTL
The court denied defendant's motion to dismiss on the grounds that plaintiff shareholders successfully pled facts sufficient to establish a claim for breach of fiduciary duty arising out of a corporate vice president's behavior consisting of condoning sexual harassment and breaching the duty of oversight.
Publication Date: 2023-01-03
Practice Area: Corporate Entities
Industry: Distribution and Wholesale | Investments and Investment Advisory | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Samuel L. Closic, Eric J. Juray, Robert B. Lackey, Prickett, Jones & Elliott, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Lee D. Rudy, Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Jeroen van Kwawegen, Eric J. Riedel, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Frank R. Schirripa, Daniel B. Rehns, Kurt Hunciker, Hillary Nappi, Hach Rose Schirripa & Cheverie LLP, New York, NY; Gregory Mark Nespole, Daniel Tepper, Levi & Korsinsky, LLP, New York, NY; Brian J. Robbins, Craig W. Smith, Robbins LLP, San Diego, CA for plaintiffs.
for defendant: Stephen C. Norman, Jennifer C. Wasson, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Michael S. Doluisio, Carla Graff, Dechert LLP, Philadelphia, PA; Matthew L. Larrabee, Hayoung Park, Dechert LLP, New York, NY; Michael D. Blanchard, Amelia Pennington, Morgan, Lewis & Bockius LLP, Boston, MA for defendants.
Case Number: 2021-1118-JTL
The court granted a motion to dismiss breach of duty claims stockholder plaintiffs brought against pharmaceutical distributor defendant.
Publication Date: 2022-12-20
Practice Area: Corporate Entities
Industry: Advertising | Software
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: Garrett B. Moritz, Elizabeth M. Taylor, Ross Aronstam & Moritz LLP, Wilmington, DE; Demian A. Ordway, Timothy W. Grinsell, Victoria Roeck, Holwell Shuster & Goldberg LLP, New York, NY for plaintiff.
for defendant: Seth A. Niederman, Fox Rothschild LLP, Wilmington, DE; Gavin W. Skok, Fox Rothschild LLP, Seattle, WA for defendant.
Case Number: N22C-06-133
The court denied a motion to dismiss a claim in Delaware under the McWane Doctrine on the basis that a separate action between the parties in California raised different issues.
Publication Date: 2022-11-22
Practice Area: Corporate Entities
Industry: E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Glasscock
Attorneys: For plaintiff: Bruce E. Jameson, Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Thomas H. Vidal, Jessica Stone, Pryor Cashman LLP, Los Angeles, CA for plaintiff.
for defendant: Philip Trainer, Jr., Randall J. Teti, Ashby & Geddes, Wilmington, DE; Esra Acikalin Hudson, Lauren, Chee, Manatt, Phelps & Phillips, LLP, Los Angeles, CA for defendants.
Case Number: 2021-0896-SG
Court issued a constructive trust following a trial sounding in breach of contract and breach of duty claims amongst co-investors in a cryptocurrency investment company.
Publication Date: 2022-11-15
Practice Area: Corporate Entities
Industry: Food and Beverage
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Gregory F. Birney, Birney Law, LLC, Claymont, DE; Matt Simmons, Law Offices of Matt Simmons, Esq., Rockville, MD for plaintiff.
for defendant: Robert K. Beste, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Kimberly E. Blair, Deanna M. Williams, Wilson Elser Moskowitz Edelman & Dicker LLP, Chicago, IL for defendants.
Case Number: 2021-0798-MTZ
Full Faith and Credit Clause prohibited state from having exclusive jurisdiction clause that required transitory claims to be heard in that state, as such a law failed to give due respect to the judicial proceedings of other states.
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Publication Date: 2022-10-25
Practice Area: Corporate Entities
Industry: Financial Services and Banking
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys: For plaintiff: William R. Firth, III, Cohen Seglias Pallas Greenhall & Furman, P.C., Wilmington, DE; Michael J. Maloney, Felicello Law, P.C. New York, NY.
for defendant: C. Barr Flinn, Paul J. Loughman, Alberto E. Chavez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Nirav S. Shah, Cantor Fitzgerald, L.P., New York, NY for defendant.
Case Number: N21C-12-069 MAA
The court dismissed plaintiffs' partnership interest redemption claims when filed outside the limitations period as plaintiffs' claims accrued following defendants' denial of plaintiffs' exercise of their redemption rights.
Publication Date: 2022-10-18
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Steven P. Wood, Andrew S. Dupre, Brian R. Lemon, Sarah E. Delia, Stephanie H. Dallaire, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE for plaintiff.
for defendant: Jenness E. Parker, Bonnie W. David, Lilianna Anh P. Townsend, Trevor T. Nielsen, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA, Wilmington, DE for defendants.
Case Number: 2020-0766-JTL
Timing of stock transfers indicated a preplanned scheme to facilitate the parties' desired transfer of stock in violation of the court's order barring the parties from acting in concert, requiring the cancellation of legal title and a brief injunctive period.
Publication Date: 2022-09-13
Practice Area: Corporate Entities
Industry: Electronics | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Laster
Attorneys: For plaintiff: Marcus E. Montejo, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiff;
for defendant: Douglas J. Cummings, DCummings Law, LLC, Wilmington, DE for defendant.
Case Number: 2019-0848-PWG
Court overruled master's recommendations for confidentiality for financial records produced under §220 request where company only managed to cite generalized concerns about loss of customers and suppliers, and shareholder had prevailing interest in obtaining valuation of his shares in long-dark company.
Publication Date: 2022-08-16
Practice Area: Corporate Entities
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE for plaintiffs.
for defendant: Richard P. Rollo, Travis S. Hunter, Angela Lam, Nicole M. Henry, John T. Miraglia, Richards, Layton & Finger, P.A., Wilmington, DE; Alan S. Loewinsohn, Kerry Schonwald, Loewinsohn Deary Simon Ray LLP, Dallas, TX for defendants.
Case Number: D69920
Although both parties had breached their business divorce agreements, plaintiffs had failed to demonstrate their entitlement to damages where plaintiffs' own conduct meant that defendants' breach was not the cause of plaintiffs' alleged loss.
Publication Date: 2022-07-05
Practice Area: Corporate Entities
Industry: E-Commerce | Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Stephen B. Brauerman, Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Christopher O. Murray, Julian R. Ellis, Jr., Brownstein Hyatt Farber Schreck, LLP, Denver, CO for plaintiffs.
for defendant: Matthew F. Davis, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; Charles F. Connolly, Akin Gump Strauss Hauer & Feld, Washington, DC; Stephen M. Baldini, Stephanie Lindemuth, Akin Gump Strauss Hauer & Feld, New York, NY for defendants.
Case Number: D69872
Partner who was removed from joint venture plausibly alleged that co-venturer improperly asserted cause to exercise its removal rights, thereby constituting a non-exculpated breach of the joint venture agreement.
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