• Buck v. Viking Holding Mgmt. Co. LLC

    Publication Date: 2024-10-15
    Practice Area: Contractual Disputes
    Industry: Accounting | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: John M. LaRosa, LaRosa & Associates LLC, Wilmington, DE; Lawrence P. Schaefer, Bert Black, Mack H. Reed, Timothy S. Christensen, Anne C. Bolgert, Schaefer Halleen, LLC, Minneapolis, MN for plaintiff.
    for defendant: Peter H. Kyle, John L. Reed, Daniel P. Klusman, DLA Piper, LLP, Wilmington, DE for defendant.

    Case Number: N20C-08-249 MAA CCLD

    Employer's reasons for terminating employee with cause were manufactured as employee's actions did not rise to the level of gross negligence or a breach of misconduct as the actions ultimately resolved the company's accounting issues, and thus employer did not have right to reclaim employee's equity interest for $0.

  • Gordian Med., Inc. v. Vaughn

    Publication Date: 2024-04-15
    Practice Area: Contractual Disputes
    Industry: Health Care
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Andrew L. Cole, Stacy L. Newman, Jack M. Dougherty, Cole Schotz P.C., Wilmington, DE; Ryan J. Morley, John W. Hofstetter, Littler Mendelson, P.C., Cleveland, OH for plaintiffs.
    for defendant: Daniel C. Herr, Law Office of Daniel C. Herr, LLC, Wilmington, DE; David E. Rothstein, Rothstein Law Firm, PA, Greenville, SC for defendant.

    Case Number: 22-319 (MN)

    Although court found most of former employee's restrictive covenants enforceable as reasonably tailored to protect employer's legitimate economic interests, it granted employee judgment where former employer failed to present evidence at trial proving that employee breached any enforceable covenant.

  • Buck v. Viking Holding Mgmt. Co. LLC

    Publication Date: 2024-02-26
    Practice Area: Contractual Disputes
    Industry: Accounting | Consulting | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: John M. LaRosa, LaRosa & Associates LLC, Wilmington, DE; Lawrence P. Schaefer, Bert Black, Mack H. Reed, Timothy S. Christensen, Anne C. Bolgert, Schaeffer Halleeen, LLC, Minneapolis, MN for plaintiff.
    for defendant: Peter H. Kyle, John L. Reed, Daniel P. Klusman, DLA Piper, LLP, Wilmington, DE for defendant.

    Case Number: N20C-08-249 MAA CCLD

    Court denied parties' cross-motions for summary judgment where finding cause for termination was a condition precedent to employer's option to repurchase employee's equity at original cost and where there were genuine issues of material fact as to whether cause existed.

  • Ramco Asset Management, LLC v. USA Rare Earth, LLC

    Publication Date: 2023-11-06
    Practice Area: Contractual Disputes
    Industry: Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: David A. Felice, Bailey & Glasser, LLP, Wilmington, DE; Andrew St. Laurent, Harris St. Laurent & Wechsler LLP, New York, NY for plaintiffs.
    for defendant: John M. Seaman, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; Chelsea Corey, King & Spalding LLP, Charlotte, NC; Carl D. Neff, FisherBroyles, LLP, Wilmington, DE; Aurora Cassirer, Christina H. Bost Seaton, FisherBroyles, LLP, New York, NY; Karen E. Keller, Andrew E. Russell, Nathan R. Hoeschen, Shaw Keller LLP, Wilmington, DE; Justin L. Ormand, Allen & Overy, New York, NY; Patrick W. Pearsall, Allen & Overy, Washington, D.C. for defendants.

    Case Number: 2022-0665-SG

    Plaintiffs were former equity holders in an Australian rare-earth mining company, whose primary asset was interest in a mining project in West Texas. Defendants transferred the company's assets to a new Delaware entity. Plaintiffs' fourteen causes of action alleged that defendants promised that plaintiffs would each receive an equivalent amount of equity in the Delaware entity as each had previously held in the mining company, however, they alleged that the transactions had diminished their ownership interests. Defendants' motions to

  • Bright Data, Inc. v. Meta Platforms, Inc.

    Publication Date: 2023-09-04
    Practice Area: Contractual Disputes
    Industry: E-Commerce | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Rennie
    Attorneys: For plaintiff: David Wilks, D. Charles Vavala III, Wilks Law LLC, Wilmington, DE for plaintiffs.
    for defendant: Karen Jacobs, Alexandra Cumings, Stephanie Rudolph, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendants.

    Case Number: N23C-01-229 SKR CCLD

    The court granted defendant's motion to stay Delaware proceedings in deference to an earlier-filed pending case in federal district court in California finding that the parties and issues presented were substantially identical, the California court could provide prompt and complete justice, and allowing the California and Delaware actions to proceed simultaneously would risk waste of judicial resources and inconsistent resolution of the issues.

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  • SARN SD3, LLC v. Czechoslovak Group A.S.

    Publication Date: 2023-08-07
    Practice Area: Contractual Disputes
    Industry: Energy | Investments and Investment Advisory
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff: Mackenzie M. Wrobel, Coleen W. Will, Duane Morris LLP, Wilmington, DE; Ryan E. Borneman, Duane Morris LLP, Philadelphia, PA for plaintiff.
    for defendant: Philip Trainer, Jr., Tiffany Geyer Lydon, Ashby & Geddes, Wilmington, DE; Kenneth J. Pfaehler, Dentons US LLP, Washington, DC for defendant.

    Case Number: N17C-12-185 EMD CCLD

    Post-judgment interest did not begin accruing in a case where the court had not granted a final appealable judgment on a partial summary judgment motion.

  • Terrell v. Kiromic Biopharma, Inc.

    Publication Date: 2023-05-16
    Practice Area: Contractual Disputes
    Industry: Consulting | Pharmaceuticals
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Scott James Leonhardt, Jason A. Gibson, The Rosner Law Group LLC, Wilmington, DE; Alexander Klein, Barket Epstein Kearon Aldea & Loturco, LLP, Garden City, NY for appellant.
    for defendant: Laurence V. Cronin, Kelly A. Green, Smith, Katzenstein & Jenkins, LLP, Wilmington, DE; Robert S. Friedman, Joshua I. Schlenger, Katherine Anne Boy Skipsey, Sheppard, Mullin, Richter & Hampton, LLP, New York, NY for appellee.

    Case Number: 299, 2022

    Chancery court erred in accepting corporate board committee's interpretation of stock option agreement provision without further review or offering the parties the opportunity to provide supplemental briefing or oral argument. Reversed and remanded.

  • Weinberg v. Waystar, Inc.

    Publication Date: 2023-03-28
    Practice Area: Contractual Disputes
    Industry:
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Steven P. Wood, Andrew S. Dupre, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE for appellant.
    for defendant: Kevin M. Gallagher, Caroline M. McDonough, Richards, Layton & Finger, P.A., Wilmington, DE; Sarah A. Zielinski, Amy Starinieri Gilbert, McGuire Woods LLP, Chicago, IL for appellee.

    Case Number: D70175

    Chancery court correctly interpreted use of "and" in call right provision in employee option agreements as being several rather than conjunctive, where "and" was used in a permissive sentence and a conjunctive interpretation would render other provisions of the agreement surplusage.

  • Stokes v. Markel Am. Ins. Co.

    Publication Date: 2023-03-21
    Practice Area: Contractual Disputes
    Industry: Insurance
    Court: U.S. District Court of Delaware
    Judge: District Judge Bibas
    Attorneys: For plaintiff: Michael B. Mccauley, Daniel H. Wooster, Palmer, Biezup & Henderson, Wilmington, DE; David A. Neblett, James M. Mahaffey, John A. Wynn, Perry & Neblett, Miami, FL for plaintiff.
    for defendant: Daryll Hawthorne-Bernardo, Timothy S. Martin, White & Williams, Wilmington, DE; Krista Acuna, Hamilton, Miller & Birthisel, Miami, FL for defendant.

    Case Number: 1:19-cv-02014-SB-MPT

    The court granted a motion to dismiss on the grounds that plaintiff insured failed to set forth feasible claims sounding in breach of contract and conversion in a matter arising out of defendant's refusal to completely cover the loss of plaintiff's speedboat.

  • Baco Holdings, Inc. v. Arria Data2Text, Ltd.

    Publication Date: 2023-03-14
    Practice Area: Contractual Disputes
    Industry: E-Commerce | Software
    Court: Delaware Superior Court
    Judge: Judge Jones
    Attorneys: For plaintiff: Andrew Silverman, MacElree Harvey Ltd., Centreville, DE for plaintiff.
    for defendant: Scott Czerwonka, Wilks Law Firm, LLC Wilmington, DE for defendant.

    Case Number: N22C-08-445 FJJ

    The court denied a motion to dismiss a contractual dispute claim that involved a defendant corporation incorporated in Scotland.