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Publication Date: 2024-09-03
Practice Area: Contracts
Industry: Financial Services and Banking | Biotechnology | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Cook
Attorneys: For plaintiff: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Antonio Yanez, Jr., Brady Sullivan, Willkie Farr & Gallagher LLP, New York, NY; Alexander L. Cheney, Willkie Farr & Gallagher LLP, San Francisco, CA for plaintiff.
for defendant: Philip A. Rovner, Potter Anderson & Corroon LLP, Wilmington, DE; Krista M. Enns, Edward C. Wipper, Benesch Friedlander Coplan & Aronoff LLP, New York, NY for defendant.
Case Number: 2019-0412-NAC
Court enforced contractual specific remedy provision where breaching party offered no persuasive argument for disregarding the clause and ordered the breaching party to perform at the value the warrant to purchase shares had at the time of its breach.
Publication Date: 2024-09-03
Practice Area: Insurance Law
Industry: Distribution and Wholesale | Insurance | Manufacturing | Pharmaceuticals | Retail
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: Garrett B. Moritz, R. Garret Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Michael S. Shuster, Daniel M. Sullivan, Blair E. Kaminsky, Daniel M. Horowitz, Holwell Shuster & Goldberg LLP, New York, NY; Robert M. Mangino, Susan Koehler Sullivan, Clyde & Co LLP, Los Angeles, CA; Robert J. Katzenstein, Julie M. O’Dell, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Christopher J. St. Jeanos, Willkie Farr & Gallagher LLP, New York, NY; Bruce W. McCullough, Bodell Bové, LLC, Wilmington, DE; Karen M. Dixon, Skarzynski Marick & Black LLP, Chicago, IL; Joseph B. Cicero, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Adam H. Fleischer, R. Patrick Bedell, Allyson C. Spacht, BatesCarey LLP, Chicago, IL; Louis J. Rizzo, Jr., Reger Rizzo & Darnall LLP, Wilmington, DE; Monica T. Sullivan, Matthew J. Fink, Leena Soni, Stephanie M. Flowers, Nicolaides Fink Thorpe Michaelides Sullivan LLP, Chicago, IL; Sean J. Bellew, Bellew LLC, Wilmington, DE; Michael A. Kotula, Rivkin Radler LLP; Loren R. Barron, Kaufman Dolowich LLP, Wilmington, DE; Wade A. Adams, III, Law Offices Of Wade A. Adams, III, Newark, DE; Bryce L. Friedman, Matthew C. Penny, Simpson Thacher & Bartlett LLP, New York, NY; Thad J. Bracegirdle, Sarah T. Andrade, Emily L. Skaug, Bayard, P.A., Wilmington, DE; Edward B. Parks, II, Sara Hunkler, Ruggeri Parks Weinberg LLP, Washington, D.C.; Kevin. J. Connors, Marshall Dennehey, P.C., Wilmington, DE; Cheryl P. Vollweiler, Skarzynski Marick & Black LLP, New York, NY; Philip Trainer, Jr., Marie M. Degnan, Ashby & Geddes, Wilmington, DE; Robert A. Kole, Caroline M. Trusty, Choate, Hall & Stewart LLP, Boston, MA; Marc S. Casarino, Kennedys CMK LLP, Wilmington, DE; Christopher R. Carroll, Jillian D. Dennehy, Joshua S. Wirtshafter, Kennedys CMK LLP, Basking Ridge, NJ; Robert K. Beste, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Keith Moskowitz, Dentons US LLP, Chicago, IL; Kathryn Guinn, Dentons US LLP, Denver, CO; Deborah J. Campbell, Dentons US LLP, St. Louis, MO for plaintiffs.
for defendant: David J. Baldwin, Peter C. McGivney, Zachary J. Schnapp, Berger Harris LLP, Wilmington, DE; Jeffrey L. Schulman, Blank Rome LLP, New York, NY for defendant.
Case Number: N22C-02-045 PRW CCLD
Court ruled that insurers had no duty to indemnify opioid lawsuits where the lawsuits lacked specific allegations of personal injury or property damage underlying the claimed losses in those lawsuits.
Publication Date: 2024-08-27
Practice Area: Mergers and Acquisitions
Industry: Accounting | Distribution and Wholesale | Health Care | Manufacturing
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: Kelly E. Farman, Matthew W. Murphy, Edmond S. Kim, Richards, Layton & Finger, P.A., Wilmington, DE for petitioner.
for defendant: Steven L. Caponi, Matthew B. Goeller, Megan E. O’Connor, K&L Gates LLP, Wilmington, DE for respondent.
Case Number: N23C-02-164 PRW CCLD
Court upheld expert determination issued under parties' contractual dispute resolution clause where record undermined objector's claim that expert overlooked or improperly relied on evidence.
Publication Date: 2024-08-27
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Chancellor Wallace
Attorneys: For plaintiff: Rudolf Koch, Nicholas F. Mastria, Richards, Layton & Finger P.A, Wilmington, DE; Adam Slutsky, Godwin Proctor, LLP, Boston, MA for plaintiff.
for defendant: Tammy L. Mercer, Jillian A. Tyson, Young Conaway Stargatt & Taylor, LLP Wilmington, DE; N. Thomas Connallly, III, Christopher T. Pickens, Patrick T. Michael, and Samuel W. Yergin, Hogan Lovells US LLP, Tysons, VA for defendant.
Case Number: 2024-0261-PRW
Court found no breach of an exclusivity provision in a letter of intent where the provision merely prohibited soliciting proposals for a sale of the subject business, rather than communications about a potential transaction, and announcing consideration of strategic alternatives did not rise to the level of a firm solicitation.
Publication Date: 2024-08-27
Practice Area: Trusts and Estates
Industry:
Court: Court of Chancery
Judge: Chancellor McCormick
Attorneys: For plaintiff: Kathleen DeLacy, Martin D. Page, Reger Rizzo & Darnall LLP, Wilmington, DE for plaintiff.
for defendant: Jason C. Powell, Thomas J. Reichert, Laurel A. LaLone, The Powell Firm, LLC, Wilmington, DE for defendant.
Case Number: 2023-0077-LM
Court directed parties to address the issue of whether Delaware law expressly or impliedly conferred a parent with standing to challenge the validity of their deceased child's marriage on grounds of fraud.
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Publication Date: 2024-08-27
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Investments and Investment Advisory
Court: U.S. Bankruptcy Court
Judge: Judge Horan
Attorneys: For plaintiff:
for defendant:
Case Number: 23-11240 (TMH)
Court authorized unsecured creditors committee to pursue fraudulent transfer claims against first-priority secured creditor where it allegedly forced debtor to concede financial control that the secured creditor used to obtain potentially avoidable transactions.
Publication Date: 2024-08-27
Practice Area: Corporate Governance
Industry: Electronics | Investments and Investment Advisory | Software
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Stephen B. Brauerman, Sarah T. Andrade, Bayard, P.A., Wilmington, DE for appellant.
for defendant: Ned Weinberger, Mark Richardson, Brendan W. Sullivan, Labaton Sucharow LLP, Wilmington, DE; Domenico Minerva, Joseph Cotilletta, Labaton Sucharow LLP, New York, NY; David M. Cooper, Silpa Maruri, George T. Phillips, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; William R. Sears, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA; Peter B. Andrews, Craig J. Springer, David M. Sborz, Jackson E. Warren, Andrews & Springer LLC, Wilmington, DE; Chad Johnson, Noam Mandel, Desiree Cummings, Robert Gerson, Jonathan Zweig, Robbins Geller Rudman & Dowd LLP, New York, NY; Jeremy S. Friedman, David F.E. Tejtel, Christopher M. Windover, Lindsay La Marca, Friedman Oster & Tejtel PLLC, Bedford Hills, NY for appellee.
Case Number: 349, 2023
Court upheld counsel fee of 26 percent of $1 billion settlement where Delaware disfavored per se rules governing reasonableness of fee awards and chancery court adequately explained the reasonable value of the award.
Publication Date: 2024-08-27
Practice Area: Mergers and Acquisitions
Industry: Distribution and Wholesale | Manufacturing
Court: Court of Chancery
Judge: Chancellor McCormick
Attorneys: For plaintiff: Daniel M. Silver, Benjamin A. Smyth, Maliheh Zare, McCarter & English, LLP, Wilmington, DE for plaintiff.
for defendant: Elisabeth S. Bradley, Y. Carson Zhou, Alan C. Cardenas-Moreno, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for defendant.
Case Number: 2023-1176-KSJM
Court stayed breach of restrictive covenant action pending further proceedings in separate action that likely would have overlapping factual and legal issues.
Publication Date: 2024-08-27
Practice Area: Employment Litigation
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: John M. Seaman, E. Wade Houston, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Nicholas G. Hill, Rebecca M. Borkovich, McGuireWoods LLP, Atlanta, GA for plaintiffs.
for defendant: David E. Ross, Eric D. Selden, Ross Aronstam & Moritz LLP, Wilmington, DE; Martin L. Roth, P.C., Kirkland & Ellis LLP, Chicago, IL; Haley S. Stern, Amanda Lamothe-Cadet, Maylynn Chen, Kirkland & Ellis LLP, New York, NY for defendant.
Case Number: 2023-0513-PAF
Former vice presidents were entitled to advancement rights from company in company's IP misappropriation action where certificate of incorporation and bylaws granted advancement to officers, defined as including vice presidents, for claims arising from their service to the company or at the company's request.
Publication Date: 2024-08-27
Practice Area: Contracts
Industry: Chemicals and Materials | Manufacturing
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys: For plaintiff: Lisa C. McLaughlin, Phillips, McLaughlin & Hall, P.A., Wilmington, DE; John N. Scholnick, Ross, LLP, Los Angeles, CA; Lori Sambol Brody, Ellis George LLP, Los Angeles, CA for plaintiff.
for defendant: Chad S. C. Stover, Barnes & Thornburg LLP, Wilmington, DE; Matthew B. Barr, Zachary Miller, Barnes & Thornburg LLP, Indianapolis, IN for defendants.
Case Number: N17C-11-242 MAA CCLD
Failure to issue litigation hold following filing of counterclaim constituted reckless behavior warranting adverse inference after material, relevant information was deleted per automatic deletion protocols.
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