• Bouchard v. Braidy Indus., Inc.

    Publication Date: 2020-05-13
    Practice Area: Corporate Entities
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kevin R. Shannon, Christopher N. Kelly, Mathew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE; Kahn A. Scolnick, Gibson, Dunn & Crutcher LLP, Los Angeles, CA; Lindsey S. Young, Gibson, Dunn & Crutcher LLP, Palo Alto, CA for plaintiff.
    for defendant: Richard P. Rollo, John T. Miraglia, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.

    Case Number: D68976

    Individual defendants dismissed for lack of personal jurisdiction where their contractual consent to certain equitable remedies did not constitute a waiver of jurisdictional defenses.

  • Highway to Health, Inc. v. Bohn

    Publication Date: 2020-04-29
    Practice Area: Corporate Entities
    Industry: Insurance | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Bouchard
    Attorneys: For plaintiff: Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Brian W. Shaffer and John M. Lupton IV of Morgan, Lewis & Bockius LLP, Philadelphia, PA for plaintiffs.
    for defendant: Jami B. Nimeroff, Brown McGarry Nimeroff , Wilmington, DE; Mary Kay Brown and Raymond McGarry of Brown McGarry Nimeroff LLC, Philadelphia, PA for defendants.

    Case Number: D68961

    The court lacked personal jurisdiction over defendants under either the state's long-arm statute or a forum selection clause contained in a stockholder agreement. Motion to dismiss granted.

  • Zachman v. Real Time Cloud Serv., LLC

    Publication Date: 2020-04-15
    Practice Area: Corporate Entities
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff:
    for defendant: Edward McNally and Kathleen Murphy, Morris James LLP, Wilmington, DE for defendants and intervenor.

    Case Number: D68949

    Defendants breached their fiduciary duty in calculating the value of plaintiff's interest in a limited liability company at zero, so the court awarded damages to plaintiff.

  • The Chemours Co. v. DowDuPont Inc.

    Publication Date: 2020-04-15
    Practice Area: Corporate Entities
    Industry: Chemicals and Materials | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey Gorris, Christopher Foulds, and Christopher P. Quinn, Friedlander & Gorris P.A., Wilmington, DE; William Savitt, Wachtell, Lipton, Rosen & Katz, New York, NY for plaintiff.
    for defendant: Robert S. Saunders, Jennifer C. Voss, Arthur R. Bookout, and Jessica R. Kunz, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE for defendants.

    Case Number: D68944

    Complaint dismissed where parties had agreed to arbitration clause that included broad delegation provision, which was not void or unconscionable simply because parent corporation had dictated terms to subsidiary.

  • SolarReserve CSP Holdings, LLC v. Tonopah Solar Energy, LLC

    Publication Date: 2020-04-01
    Practice Area: Corporate Entities
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Francis G.X. Pileggi, Eckert Seamans Cherin & Mellott, LLC, Wilmington, DE; Michael G. Platner, John S. Poulos and Vincent F. Alexander, Lewis Brisbois Bisgaard & Smith LLP, Fort Lauderdale, FL for plaintiff.
    for defendant: Andrew D. Cordo, Shannon E. German, Nora M. Crawford, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE ; Mat-thew A. Feldman, Todd G. Cosenza, Charles D. Cording, Willkie Farr & Gallagher LLP, New York, NY for defendant.

    Case Number: D68931

    An entity that had only an indirect equity interest in a limited liability company did not qualify to seek statutory dissolution of the LLC because it was neither a member nor a manager, and it was not entitled to dissolve the company as a matter of equity. Motion to dismiss granted.

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  • Germaninvestments AG v. Allomet Corp.

    Publication Date: 2020-02-12
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Manufacturing
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: R. Craig Martin and Kelly L. Freund, DLA Piper LLP, Wilmington, DE for appellants.
    for defendant: John P. DiTomo, Ryan D. Stottmann, and Coleen W. Hill, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for appellees.

    Case Number: D68872

    Chancery court erred in applying foreign law when defendants failed to meet their burden to establish the law, and thus erred in ruling that a forum clause was mandatory rather than permissive, since the clause was permissive under the applicable Delaware law.

  • Borealis Power Holdings Inc. v. Hunt Strategic Util. Inv., LLC

    Publication Date: 2020-02-05
    Practice Area: Corporate Entities
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: William M. Lafferty, Thomas W. Briggs, Jr., Daniel T. Menken, and Aubrey J. Morin, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Richard I. Werder, Jr., Renita N. Sharma, Elisabeth B. Miller, and Ryan A. Rakower, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for plaintiffs and defendants Borealis Power Holdings Inc. and BPC Health Corporation.
    for defendant: Blake Rohrbacher, Brian S. Yu, and Kevin M. Regan, Richards, Layton & Finger P.A., Wilmington, DE; Neil A. Steiner, Dechert LLP, New York, NY for plaintiff intervenors Cheyne Walk Investments. David C. McBride, Martin S. Lessner, Ryan M. Bartley, and Paul J. Loughman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; J. Christopher Shore and Alive Tsier, White & Case LLP, New York, NY; Aaron Colodny, White & Case LLP, Los Angeles, CA, attorneys for plaintiff intervenors and defendants Sempra Texas Holdings Corp and Sempra Texas Intermediate Holding Co. Peter J. Walsh, Jr., J. Matthew Belger, and Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; Jessica B. Pulliam, Baker Botts LLP, Dallas, TX; Vernon Cassin, Baker Botts LLP, Washington, DC; P. Clarkson Collins, Jr., Ian D. McCauley, and Kathleen A. Murphy, Morris James LLP, Wilmington, DE, attorneys for defendant Hunt Strategic Utility Investment.

    Case Number: D68862

    One party had superior right of first refusal for purchase of offered shares where the parties' shareholders agreement provided that any sale could not violate an investor rights agreement, which granted the party with the superior right its right of first refusal.

  • Stanco v. Rallye Motors Holding, LLC

    Publication Date: 2020-01-08
    Practice Area: Corporate Entities
    Industry: Automotive | Retail
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: John P. DiTomo, Elizabeth A. Mullin and Emily Bryant-Alvarez, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Mi-chael C. Marsh, Ryan Roman, Donnie King and Chanelle Artiles, Akerman LLP, Miami, FL for plaintiff.
    for defendant: Timothy R. Dudderar and Robert J. Kumor, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.

    Case Number: D68837

    The court denied a limited liability company's motion to dismiss this book and records matter, because Delaware law allowed a member to make such a request, and nothing in the LLC agreement waived plaintiff's right to pursue such documents in a Dela-ware court.

  • Garfield v. Blackrock Mortgage Ventures, LLC

    Publication Date: 2020-01-08
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Jason M. Leviton, Joel A. Fleming, Amanda R. Crawford, Block & Leviton LLP, Boston, MA for plaintiff.
    for defendant: Kenneth J. Nachbar, Morris Nichols Arsht & Tunnell, Wilmington, DE; Deborah S. Birnbach, Jennifer B. Luz, Katherine B. Dacey, Goodwin Procter LLP, Boston, MA; Kevin R. Shannon, Berton W. Ashman, Jr., Callan R. Jackson, Potter Andersoon & Corroon LLP, Wilmington, DE; John P. Coffey, Adina C. Levine, Kramer Levin Naftalis & Frankel LLP, New York, NY; David E. Ross, S. Michael Sirkin, Ross Aronstam & Moritz LLP, Wilmington, DE for defendant.

    Case Number: D68832

    Corporate restructuring transaction was subject to entire fairness review rather than receiving the benefit of the business judgment rule where two large stockholders formed controller group who received special benefits from the reorganization that ordinary stockholders did not receive.

  • TIBCO Software, Inc. v. nThrive Revenue Sys., LLC

    Publication Date: 2019-12-04
    Practice Area: Contractual Disputes | Corporate Entities
    Industry: Software | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: Josiah R. Wolcott, Connolly Gallagher, LLP, Newark, DE for plaintiff.
    for defendant: Chad S.C. Stover, Barnes & Thornburg, LLP, Wilmington, DE for defendant.

    Case Number: D68796

    A factual dispute existed regarding whether a party was an agent or otherwise had authority to terminate an agreement. Motion for summary judgment denied.