• Salzberg v. Sciabacucchi

    Publication Date: 2020-04-01
    Practice Area: Securities Litigation
    Industry: E-Commerce
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Jason M. Leviton, Joel A. Fleming, Lauren Godles Milgroom and Amanda R. Crawford, Block & Leviton LLP, Boston, MA for plaintiff.
    for defendant: William B. Chandler, III, Bradley D. Sorrels, Lindsay Kwoka Faccenda, Andrew D. Berni, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Boris Feldman and David J. Berger. Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA for defend-ants Lake, Anderson, Gurley, Hansen, McCollam, Wood, Ahuja, Carolan, Hastings, Hendricks, Hunt, Leff, Rothrock, Stitch Fix, Inc and Roku, Inc. Catherine G. Dearlove, Anthony M. Calvano and Tyre Tindall, Richards Layton & Finger, P.A., Wil-mington, DE; Michael T. Bongiorno, Wilmer Cutler Pickering Hale & Dorr, LLP, New York, NY; Timothy J. Perla, Wilmer Cutler Pickering Hale & Dorr, LLP, Boston, MA for defendants Salzberg, Bradley, Cool, Fox, Goodman, Hirshberg, Kelley and Blue Apron Holdings, Inc. Kurt M. Heyman, Melissa N. Donimirski and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE.

    Case Number: Valihura

    Federal forum provisions contained in corporate charters that required actions arising under federal securities law to be filed in a federal court were facially valid. Reversed.

  • Keystone Assoc. LLC v. Barclays Bank PLC

    Publication Date: 2020-01-29
    Practice Area: Securities Litigation
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Timothy R. Dudderar and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; David J. Jordan and Michael R. Menssen, Stoel Rives LLP, Salt Lake City, UT for plaintiff.
    for defendant: Robert S. Saunders and Jeffrey Geier, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, DE and New York, NY for defendant.

    Case Number: D68858

    Plaintiffs failed to satisfy the heightened pleading standard with respect to their fraud and securities claims, and they did not allege a fiduciary relationship in connection with the negligent representation claim.

  • Wayne County Employees' Ret. Sys. v. Mavenir, Inc.

    Publication Date: 2019-08-21
    Practice Area: Class Actions | Securities Litigation
    Industry: Legal Services | State and Local Government | Technology Media and Telecom
    Court: U.S. District Court of Delaware
    Judge: District Judge Fallon
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D67672

    The court granted an order appointing the lead plaintiff in this class action suit and approving the plaintiff's choice of counsel, despite defendants' objections due to a conflict of interest involving the law firm that filed the complaint.

  • Keystone Assocs. LLC v. Fulton

    Publication Date: 2019-08-21
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Timothy R. Dudderar and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; David J. Jordan and Michael R. Menssen, Stoel Rivers LLP, Salt Lake City, UT for plaintiffs.
    for defendant: Robert J. Katzenstein, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Steven S. Scholes and Peter B. Allport, McDermott Will & Emery LLP, Chicago, IL; John R. Gerstein, Clyde & Co. US LLP, Washington, DC for defendants.

    Case Number: D67677

    Securities fraud claim dismissed where there was no express assignment of a securities fraud claim to confer standing and where the complaint expressly alleged that investment was based on a statement that was not a false representation.

  • AG Oncon, LLC v. Ligand Pharm. Inc.

    Publication Date: 2019-06-05
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Elena C. Norman and Daniel M. Kirshenbaum, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Keith N. Sambur, Martin G. Durkin, and Andrew T. Gillespie, Holland & Knight, LLP, New York, NY for plaintiffs
    for defendant: David E. Ross, Jr. and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Blair Connelly and Zachary L. Rowen, Latham & Watkins LLP, New York, NY for defendant.

    Case Number: D68582

    Convertible note issuer could amend indenture's conversion formula where indenture expressly authorized issuer to conform to the terms of the offering memorandum.

  • Law Journal Press | Digital Book

    New Jersey Estate Litigation 2014

    Authors: Michael R. Griffinger, Paul F. Cullum III

    View this Book

    View more book results for the query "*"

  • Duncan v. Vantage Corp.

    Publication Date: 2019-04-17
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Catherine A. Gaul and Aaron P. Sayers, Ashby & Geddes, Wilmington, DE; Raymond L. Moss and Michael P. Gilmore, Moss & Gilmore LLP for plaintiff.
    for defendant: Philip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; J. Allen Maines, Gregory J. Digel and Caroline Johnson Tanner, Holland & Knight LLP, Atlanta, GA for defendants Askew and Finegold.

    Case Number: D68530

    The court proceeded to consider a motion to dismiss as to individual defendants, even though the corporate defendants filed for bankruptcy.

  • Heritage Handoff Holdings, LLC v. Fontanella

    Publication Date: 2019-03-20
    Practice Area: Business Torts | Securities Litigation
    Industry: Automotive | Manufacturing
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: John A. Sensing, Potter Anderson & Corroon LLP, Wilmington, DE; Dylan P. Kletter and Kelsey D. Bond, Brown Rudnick LLP, Hartford, CT for plaintiff.
    for defendant: Dominick T. Gattuso and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Marc J. Kurzman; Peter M. Nolin and Damian K. Gunningsmith, Carmody Torrance Sandak & Hennessey LLP, Stamford, CT and New Haven, CT for defendant.

    Case Number: D68501

    Purchaser was entitled to recover on its securities fraud claim based on evidence of misrepresentations and omissions, but its common law fraud claim was precluded by the bootstrapping doctrine.

  • Lord Abbett Affiliated Fund v. Navient Corp.

    Publication Date: 2019-02-20
    Practice Area: Securities Litigation
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Patrick F. Morris, Karen L. Morris and R. Michael Lindsey, Morris and Morris LLC, Wilmington, DE; Ste-ven E. Fineman, Daniel P. Chiplock, Michael J. Miarmi, Richard M. Heimann, Bruce W. Leppla and Sha-ron M. Lee, Liefe Cabraser Heimann & Bernstein, New York, NY for plaintiffs.
    for defendant: Kelly E. Farnan, Richards Layton & Finger, P.A., Wilmington, DE; Peter A. Wald, Abid R. Qureshi, Christopher S. Turner and Christopher R. Harris, Latham & Watkins LLP, Washington, DC for Navient Corp. and individual defendants. Kevin G. Abrams and John M. Seaman, Abrams & Bayliss LLP, Wil-mington, DE; Adam S. Hakki, Daniel C. Lewis and Anthony D. Marinello of Shearman & Sterling LLP for underwriter defendants.

    Case Number: D68465

    Plaintiffs adequately stated claims for securities violations, except with regard to statements that were mere puffery and where plaintiffs failed to demonstrate scienter.

  • Sheldon v. Pinto Tech. Ventures, L.P.

    Publication Date: 2019-02-06
    Practice Area: Corporate Governance | Securities Litigation
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Thad J. Bracegirdle and Scott B. Czerwonka, Wilks, Lukoff & Bracegirdle, LLC, Wilmington, DE; Jeff Joyce, Joyce & McFarland LLP, Houston, TX for plaintiffs.
    for defendant: Brian C. Ralston and Jacqueline A. Rogers, Potter Anderson Corroon LLP, Wilmington, DE; Danny Da-vid and Rebecca Huddle, Baker Botts LLP, Houston, TX for defendants Terry and Walker. Bruce E. Jameson and Samuel L. Closic, Prickett, Jones & Elliott, P.A., Wilmington, DE; B. Russell Horton, George Brothers Kincaid & Horton, L.L.P., Austin, TX for Pinto Tech., RiverVest and Bay City Capital defendants.

    Case Number: D68451

    Defendants' successful effort to enforce a forum selection clause in the court of another state did not preclude them from arguing that a shareholder action was derivative.

  • 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.