• Jorgl v. AIM Immunotech Inc.

    Publication Date: 2022-11-15
    Practice Area: Corporate Governance
    Industry: Biotechnology | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Jeffrey J. Lyons, Baker & Hostetler LLP. Wilmington, DE; Teresa Goody Guillén, Baker & Hostetler LLP, Washington D.C.; Marco Molina, Baker & Hostetler LLP, Costa Mesa, CA for plaintiff.
    for defendant: Michael A, Pittenger, William R. Denny, Matthew F. Davis, Nicholas D. Mozal, Laura G. Readinger, Carson R. Bartlett, Shelby M. Thornton, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: 2022-0669-LWW

    The court denied plaintiff stockholder's request for preliminary injunctive relief requesting that defendant board of directors recognize a candidate nomination.

  • In re P3 Health Group Holdings, LLC

    Publication Date: 2022-11-15
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY, for Hudson Vegas Investment SPV, LLC.
    for defendant: William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for Jessica Puathasnanon and P3 Health Group Holdings, LLC. Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk IV, Potter Anderson & Corroon LLP, Wilmington, DE; William K. Kane, Sheppard Mullin, Richter & Hampton LLP, Chicago, IL; James C. Wald, Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for Chicago Pacific Founders Fund, L.P., CPF P3 Splitter, LLC, Greg Kazarian, Larry Leisure, Mary Tolan, Sameer Mathur. Elena C. Norman, Paul J. Loughman, Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for Sherif W. Abdou, Amir Bacchus, Gary Garrett, Lorie Glisson, Taylor Leavitt, and Tom Price.

    Case Number: 2021-0518-JTL

    The court granted defendants' motions to dismiss in part.

  • Buzzfeed, Inc. v. Anderson

    Publication Date: 2022-11-15
    Practice Area: Labor Law
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Rolin P. Bissell, Elena C. Norman, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Mary Eaton, Thomas Walsh, Nicholas Caselli, Freshfields Bruckhaus Deringer US LLP, New York, NY; Jonathan Kortmansky, Melissa Ginsberg, Braunhagey & Borden LLP, New York, NY for plaintiffs.
    for defendant: David A. Felice, Bailey & Glaser, LLP, Wilmington, DE; Kevin D. Galbraith, Taylor N. Perretti, The Galbraith Law Firm, New York, NY; Sean R. O’Brien, A.J. Monaco, O’Brien LLP, New York, NY; Yonaton Aronoff, Joseph Gallagher, Harris St. Laurent & Wechsler LLP, New York, NY for defendants.

    Case Number: 2022-0357-MTZ

    New corporate entity following SPAC transaction was not bound to employment agreements executed by prior corporate entity and thus new entity was not obligated to arbitrate employees' grievances.

  • Jung v. El Tinieblo Int'l, Inc.

    Publication Date: 2022-11-15
    Practice Area: Corporate Entities
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Gregory F. Birney, Birney Law, LLC, Claymont, DE; Matt Simmons, Law Offices of Matt Simmons, Esq., Rockville, MD for plaintiff.
    for defendant: Robert K. Beste, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Kimberly E. Blair, Deanna M. Williams, Wilson Elser Moskowitz Edelman & Dicker LLP, Chicago, IL for defendants.

    Case Number: 2021-0798-MTZ

    Full Faith and Credit Clause prohibited state from having exclusive jurisdiction clause that required transitory claims to be heard in that state, as such a law failed to give due respect to the judicial proceedings of other states.

  • Bocock v. Innovate Corp.

    Publication Date: 2022-11-15
    Practice Area: Mergers and Acquisitions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: John G. Harris, David B. Anthony, Berger Harris LLP, Wilmington, DE for plaintiffs.
    for defendant: Kevin G. Abrams, J. Peter Shindel, Jr., April M. Ferraro, Abrams & Bayliss LLP, Wilmington, DE; Martin S. Lessner, Daniel M. Kirshenbaum, M. Paige Valeski, Wilmington, DE, Young Conaway Stargatt & Taylor, LLP; Beth I. Z. Boland, Foley & Lardner LLP, Boston, MA; Chelsea L. Hilliard, Foley & Lardner LLP, Dallas, TX; Stephen C. Norman, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; Eric Landau, Travis Biffar, Ellenoff Grossman & Schole LLP, Irvine, CA; Stephen C. Norman, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; Eric Landau, Travis Biffar, Ellenoff Grossman & Schole LLP, Irvine, CA; Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE, attorneys for defendants.

    Case Number: 2021-0224-PAF

    Fiduciary claims largely dismissed where plaintiffs engaged in group pleading, although the court declined to dismiss claims that specifically pled how controllers usurped a corporate opportunity from the nominal corporate defendant.

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  • In re P3 Health Group Holdings, LLC

    Publication Date: 2022-11-08
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Chancellor Laster
    Attorneys: For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY for Hudson Vegas Investment SPV, LLC. William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for Jessica Puathasnanon and P3 Health Group Holdings, LLC.
    for defendant: Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk IV, Potter Anderson & Corroon LLP, Wilmington, DE; William K. Kane, Sheppard Mullin, Richter & Hampton LLP, Chicago, Il; James C. Wald, Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for Chicago Pacific Founders Fund, L.P., CPF P3 Splitter, LLC, Greg Kazarian, Larry Leisure, Mary Tolan and Sameer Mathur. Elena C. Norman, Paul J. Loughman, Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for Sherif W. Abdou, Amir Bacchus, Gary Garrett, Lorie Glisson, Taylor Leavitt, and Tom Price.

    Case Number: 2021-0518-JTL

    Court denied a motion to dismiss for lack of personal jurisdiction finding that the defendant, although not an official manager of the LLC, had participated "materially" in a managerial capacity.

  • In Re P3Health Group Holdings. LLC

    Publication Date: 2022-11-01
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY for Hudson Vegas Investment SPV, LLC
    for defendant: William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for Jessica Puathasnanon and P3 Health Group Holdings, LLC; Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk Iv, Potter Anderson & Corroon LLP Wilmington, DE; William K. Kane, Sheppard Mullin, Richter & Hampton LLP, Chicago, IL; James C. Wald, Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for Chicago Pacific Founders Fund, L.P., CPF P3 Splitter, LLC, Greg Kazarian, Larry Leisure, Mary Tolan, Sameer Mathur; Elena C. Norman, Paul J. Loughman, Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for Sherif W. Abdou, Amir Bacchus, Gary Garrett, Lorie Glisson, Taylor Leavitt, and Tom Price; Steven T. Margolin, Samuel L. Moultrie, Corrinne R. Moini, Greenberg Traurig LLP, Wilmington, DE for Foresight Acquisition Corporation, Foresight Acquisition Corporation II and Greg Wasson.

    Case Number: 2021-0518-JTL

    Court denied motion to dismiss finding defendant had sufficient minimum contacts and nexus with the State of Delaware to warrant the court's exercise of personal jurisdiction.

  • Crispo v. Musk

    Publication Date: 2022-10-25
    Practice Area: Mergers and Acquisitions
    Industry: E-Commerce | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Michael Hanrahan, Samuel L. Closic, John G. Day, Robert B. Lackey, Prickett, Jones & Elliott, P.A., Wilmington, DE; Max Huffman, Joseph A. Pettigrew, Scott+Scott Attorneys at Law LLP, San Diego, CA; Scott R. Jacobsen, Jing-Li Yu, Scott+Scott Attorneys at Law LLP, New York, NY for plaintiff.
    for defendant: Edward B. Micheletti, Lauren N. Rosenello, Ryan M. Lindsay, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Alex Spiro, Andrew J. Rossman, Christopher D. Kercher, Silpa Maruri, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for defendants.

    Case Number: 2022-0666-KSJM

    Stockholder could not assert breach of merger agreement seeking specific performance where stockholder was not a party to the merger agreement and the terms of the agreement expressly disclaimed any third-party beneficiary status for stockholder.

  • In re Stream TV Networks, Inc. Omnibus Agreement Litig.

    Publication Date: 2022-10-18
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Steven P. Wood, Andrew S. Dupre, Brian R. Lemon, Sarah E. Delia, Stephanie H. Dallaire, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE for plaintiff.
    for defendant: Jenness E. Parker, Bonnie W. David, Lilianna Anh P. Townsend, Trevor T. Nielsen, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA, Wilmington, DE for defendants.

    Case Number: 2020-0766-JTL

    Timing of stock transfers indicated a preplanned scheme to facilitate the parties' desired transfer of stock in violation of the court's order barring the parties from acting in concert, requiring the cancellation of legal title and a brief injunctive period.

  • ITG Brands, LLC v. Reynolds Am., Inc.

    Publication Date: 2022-10-18
    Practice Area: Mergers and Acquisitions
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Stephen C. Norman, Matthew F. Davis, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Elizabeth B. McCallum, Gilbert S. Keteltas, Carey S. Busen, Evan M. Mannering, Baker & Hostetler, LLP, Washington, D.C.; Jim W. Phillips, Jr., Kimberly M. Marston, Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, Greensboro, NC; Charles E. Coble, Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, Raleigh, NC for plaintiff.
    for defendant: Gregory P. Williams, Rudolf Koch, Robert L. Burns; Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Noel J. Francisco, C. Kevin Marshall, William D. Coglianese, Jones Day, Washington, D.C.; Stephanie E. Parker, Katrina L.S. Caseldine, Jones Day, Atlanta, GA; David B. Alden, Kevin P. Riddles, Jones Day, Cleveland, OH; Elli Leibenstein, Greenberg Traurig, LLP, Chicago, IL; Stephen L. Saxl, Greenberg Traurig, LLP, New York, NY; Andrea Shwayri Ferraro, Greenberg Traurig, P.A., West Palm Beach, FL for defendants.

    Case Number: 2017-0129-LWW

    Judgment to recover unpaid settlement payments under settlement agreement with state government constituted an assumed liability under parties' asset purchase agreement where the settlement payments were based on buyer's sales of acquired cigarette brands in the state.