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Publication Date: 2023-07-31
Practice Area: Business Torts
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Richard I.G. Jones, Berger Harris LLP, Wilmington, DE; Tracy N. Betz, Neil Peluchette, Taft, Stettinius & Hollister LLP, Indianapolis, IN for plaintiff.
for defendant: Andrew L. Cole, Cole Schotz P.C., Wilmington, DE; Steven K. Fedder, Fedder & Janofsky LLC, Baltimore, MD for defendants.
Case Number: 2020-0302-JTL
Fraud claims preempted by Delaware Uniform Trade Secrets Act where the claims involved the alleged misappropriation of proprietary business information, but such claims would fail as any fraudulently obtained information would not have caused the claimed damages.
Publication Date: 2023-07-31
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: F. Troupe Mickler IV, Stephen E. Jenkins, Ashby & Geddes, P.A., Wilmington, DE; William J. Fields, Christopher J. Kupka, Samir Shukurov, Fields Kupka & Shukurov LLP, New York, NY; Gustavo F. Bruckner, Samuel J. Adams, Daryoush Behbood, Pomerantz LLP, New York, NY; Brian Schall, The Schall Law Firm, Los Angeles, CA for plaintiffs.
for defendant: Kevin R. Shannon, Tyler J. Leavengood, Jaclyn C. Levy, Michael C. Gorski, Jr., Lucille E. Wiesner, Potter Anderson & Corroon LLP, Wilmington, DE; Richard B. Harper, Vern Cassin, Thomas E. O’Brien, Alyssa M. Pronley, Kristina Wenner, Baker Botts LLP, New York, NY; Bradley R. Aronstam, S. Reiko Rogozen, Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE; Joseph O. Larkin, Matthew P. Majarian, Rupal K. Joshi, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; James R. Carroll, Skadden, Arps, Meagher & Flom LLP, Boston, MA for defendants.
Case Number: 2021-1116-SG
The court denied defendants' motion to dismiss plaintiffs' derivative complaint which alleged that one defendant had made a sham offer to purchase another defendant's high vote stock to trigger a call right, which in turn resulted in significant monetary benefits to both defendants and harm to nominal defendant.
Publication Date: 2023-07-31
Practice Area: Corporate Governance
Industry: Financial Services and Banking | Investments and Investment Advisory
Court: U.S. District Court of Delaware
Judge: District Judge Seitz
Attorneys: For plaintiff: Kevin J. Connors, Aaron E. Moore, Marshall Dennehey Warner Coleman & Goggin, Wilmington, DE; Michael H. McGinley, Rick S. Horvath, Stuart T. Steinberg, Dechert LLP, Philadelphia, PA; Brett A. Scher, Patrick M. Kennell, Kaufman Dolowich & Voluck, LLP, New York, NY for appellant.
for defendant: Kevin H. Davenport, Eric J. Juray, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE for appellees.
Case Number: 2021-0173
Chancery court correctly disregarded corporate charter provision deeming board action "conclusive and binding" where the provision had the effect of exculpating directors from liability for breaching their duty of loyalty to the corporation.
Publication Date: 2023-07-31
Practice Area: Business Torts
Industry: Insurance
Court: Delaware Superior Court
Judge: Judge Wharton
Attorneys: For plaintiff: Raeann Warner, Jacobs & Crumplar, P.A., Wilmington, DE for plaintiff.
for defendant: Loren R. Barron, Margolis Edelstein, Wilmington, DE for defendants.
Case Number: N23C-01-180 FWW
Negligence and tortious interference claims against insurer brought by insurance agent failed where insurer lacked specific knowledge of the business relationship between the agent and the agent's client and would not have reason to know they would be liable for damage arising from the client's termination of the agent's services following the insurer's policy cancellation.
Publication Date: 2023-07-31
Practice Area: Contracts
Industry: Entertainment and Leisure
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: F. Troupe Mickler IV, Ashby & Geddes, P.A., Wilmington, DE; Edgar G. Sargent, Susman Godfrey L.L.P., Seattle, WA for plaintiff.
for defendant: Sarah E. Delia, McCarter & English, LLP, Wilmington, DE for defendant.
Case Number: 2021-0476-LWW
Plaintiff's motion for summary judgment to enforce an option right for which it bargained to pay $1,000 but did not make payment was denied and defendant's cross-motion for summary judgment was granted.
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Publication Date: 2023-07-31
Practice Area: Corporate Governance
Industry: Health Care
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Ethan H. Townsend, Kevin M. Regan, McDermott Will & Emory LLP, Wilmington, DE; Jennifer Aronoff, McDermott Will & Emory LLP, Chicago, IL; Megan E. Thibert-Ind, Manatt, Phelps & Phillips, LLP, Chicago, IL for plaintiff.
for defendant: Ronald N. Brown, III, Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE; James C. Bookhout, Mallory Biblo, DLA Piper LLP (US), Dallas, TX for defendant.
Case Number: 2021-0579-MTZ
The court granted plaintiff's motion for civil contempt and sanctions and shifted plaintiff's fees to defendant upon finding that defendant had "contemptuously" failed to fully and timely produce ordered documents.
Publication Date: 2023-07-31
Practice Area: Insurance Litigation
Industry: Cargo and Shipping | Insurance
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Robert Cahall, McCormick & Priore, P.C., Newark, DE; Daniel McNeel Lane, Jr., Kelly A. Potter, Norton Rose Fulbright US LLP, San Antonio, TX; Mina Matin, Lisa Schapria, Norton Rose Fulbright US LLP, New York, NY for plaintiff.
for defendant: Steven L. Caponi, Matthew B. Goeller, Megan E. O’Connor, K&L Gates LLP, Wilmington, DE; Carolyn M. Branthoover, Jessica L.G. Moran, K&L Gates LLP, Pittsburgh, PA; Richard M. Beck, Sally E. Veghte, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE; James P. Ruggeri, Edward B. Parks, II, Sean T. Kelly, Ruggeri Parks Weinberg LLP, Washington, DC; Marc S. Casarino, Kennedys CMK LLP, Wilmington, DE for defendants.
Case Number: N22C-08-488 EMD CCLD
Court stayed action under comity where another jurisdiction determined to proceed with parallel action despite that case being second-filed since that action had connections to the jurisdiction, and staying the present action would avoid duplicative litigation or inconsistent results.
Publication Date: 2023-07-31
Practice Area: Insurance Litigation
Industry: Insurance
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Jennifer A. Sutton, Margolis Edelstein, Wilmington, DE for appellant.
for defendant: Wade A. Adams, III, Marissa D. White, Law Offices of Wade A. Adams, III, Newark, DE for appellees.
Case Number: S21C-08-013
Superior Court correctly applied Sutton rule to bar landlord's insurer from pursuing subrogation against tenants who negligently damaged the property, where the lease contained no provision demonstrating that the landlord and tenant expressly intended for the tenant to obtain their own insurance or to be barred from coverage under the landlord's policy.
Publication Date: 2023-07-24
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Construction | Manufacturing
Court: U.S. Court of Appeals for the Third Circuit
Judge: Judge Rendell
Attorneys: For plaintiff: Matthew Beebe, Meluney Alleman & Spence, Lewes, DE; James M. Sullivan, Windels Marx Lane & Mittendorf, New York, NY for appellant.
for defendant: Kasey H. DeSantis, Neal J. Levitsky, Fox Rothschild, Wilmington, DE for appellee.
Case Number: 22-2532
Bankruptcy court correctly denied untimely motion to reopen bankruptcy case to file complaint challenging the dischargeability of debt on grounds of fraudulent transfer where the rules provided inflexible deadlines for the motion due to the limited exceptions under which bankruptcy courts could enlarge the time to file.
Publication Date: 2023-07-24
Practice Area: Commercial Law
Industry: Financial Services and Banking
Court: U.S. District Court of Delaware
Judge: District Judge Williams
Attorneys: For plaintiff: Ryan M. Ernst, David M. Klauder, Bielli & Klauder, LLC, Wilmington, DE for appellant.
for defendant: Ricardo Palacio, Ashby & Geddes, P.A., Wilmington, DE for appellee.
Case Number: 19-10598 (BLS)
Finding that appellant creditor's claims sounded in tort rather than contract, the court determined that Pennsylvania's Uniform Commercial Code applied and required that for commercial tort claims, in order to be enforceable, a security agreement must provide a specific description of the collateral.
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