• Genworth Fin., Inc. Consol. Derivative Litig.

    Publication Date: 2021-10-13
    Practice Area: Corporate Governance
    Industry: Insurance | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: P. Bradford deLeeuw, deLeeuw Law LLC, Wilmington, DE; David R. Scott, Scott+Scott Attorneys at Law LLP, Colchester, CT; Thomas L. Laughlin IV, Scott Jacobsen, Scott+Scott Attorneys at Law LLP, New York, NY; Robert C. Schubert, Willem F. Jonckheer, Dustin L. Schubert, Schubert Jonckheer & Kilbe LLP, San Francisco, CA; Robert B. Weiser, James M. Ficaro, The Weiser Law Firm P.C., Berwyn, PA; Brett D. Stecker, Shuman, Glenn & Stecker, Ardmore, PA; Michael I. Fistel, Jr., Johnson & Weaver, LLP, Marietta, GA; Corey D. Holzer, Holzer & Holzer, LLC, Atlanta, GA for plaintiffs.
    for defendant: Srinivas M. Raju, Richards, Layton & Finger, P.A., Wilmington, DE; Greg A. Danilow, Caroline Hickey Zalka, John A. Neuwirth, Evert J. Christensen, Jr., Amanda K. Pooler, Weil, Gotshal & Manges LLP, New York, NY for defendants.

    Case Number: D69571

    Plaintiffs in this derivative action failed to adequately plead demand futility and they also failed to allege claims for breach of fiduciary duty against officers and directors, so the court granted defendants' motions to dismiss.

  • In re Cellular Tel. P'ship Litig.

    Publication Date: 2021-10-13
    Practice Area: Corporate Entities
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Thomas R. Ajamie, David S. Siegel, Ryan van Steenis, Ajamie LLP, Houston, TX; Michael A. Pullara, Houston, Texas; Marcus E. Montejo, Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiffs
    for defendant: Maurice L. Brimmage, Jr., Akin Gump Strauss Hauer & Feld LLP, Dallas, TX; Todd C. Schiltz, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; William M. Connolly, Faegre Drinker Biddle & Reath LLP, Philadelphia, PA; Zoë K. Wilhelm, Faegre Drinker Biddle & Reath LLP, Los Angeles, CA for defendants.

    Case Number: D69570

    Court declined to award dissociation damages where controlling partner failed to comply with provisions of agreement between partnership and another affiliate of the controlling partner, but where such failure did not constitute a breach of the partnership agreement.

  • DeMarco v. Christiana Care Health Servs., Inc.

    Publication Date: 2021-10-13
    Practice Area: Health Care Law
    Industry: Health Care
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Theodore A. Kittila, William E. Green, Jr., Halloran Farkas + Kittila LLP, Wilmington, DE; Ralph C. Lorigo, Law Office of Ralph C. Lorigo, West Seneca, NY for plaintiff;
    for defendant: John D. Balaguer, Stephen J. Milewski, Karine Sarkisian, White and Williams LLP, Wilmington, DE for defendant.

    Case Number: D69569

    Court declined to order injunctive relief directing health care provider to administer treatment that did not fall within the provider's accepted standard of care for treatment of a medical condition.

  • AffiniPay, LLC v. West

    Publication Date: 2021-10-06
    Practice Area: Dispute Resolution
    Industry: E-Commerce | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Rudolf Koch, Ryan D. Konstanzer, Richards, Layton, & Finger, P.A., Wilmington, DE; Joseph P. Rockers, Batoul Husain, Goodwin Procter LLP, Boston, MA for plaintiffs.
    for defendant: Peter B. Ladig, Thad J. Bracegirdle, Justin C. Barrett, Bayard, P.A., Wilmington, DE for defendant.

    Case Number: D69559

    Where the parties' various agreements adopted different dispute resolution procedures, although each version delegated the issue of arbitrability to the arbitrator, the court could exercise subject matter jurisdiction to determine arbitrability where there was no unmistakable evidence that the parties had agreed to submit one party's claims to that party's chosen arbitral forum.

  • AbbVie Endrocrine Inc. v. Takeda Pharm. Co. Ltd.

    Publication Date: 2021-10-06
    Practice Area: Contracts
    Industry: Distribution and Wholesale | Manufacturing | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: A. Thompson Bayliss, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Paul J. Loh, Jason H. Wilson, Eileen M. Ahern, Amelia L.B. Sargent, Kenneth M. Trujillo-Jamison, Willenken LLP, Los Angeles, CA for plaintiff.
    for defendant: Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk, IV, Potter Anderson & Corroon LLP, Wilmington, DE; Fred A. Kelly, Jr., Joshua S. Barlow, and Tiffany Jang, Haug Partners LLP, Boston, MA; David A. Zwally, Mark Basanta, Haug Partners LLP, New York, NY; Christopher Gosselin, Haug Partners LLP, Washington, DC for defendant.

    Case Number: D69558

    Pharmaceutical manufacturer breached supply agreement where its failure to maintain good manufacturing practices caused a shutdown of its production facility, leaving it unable to fulfill firm orders submitted by customer, which manufacturer was required to timely fill.

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  • In re BGC Partners, Inc. Derivative Litig.

    Publication Date: 2021-10-06
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Christine M Mackintosh, Kimberly A. Evans, Michael D. Bell, Vivek Upadhya, Grant & Eisenhofer P.A., Wilmington, DE; Jeroen van Kwawegen, Christopher J. Orrico, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
    for defendant: Raymond J. DiCamillo, Kevin M. Gallagher, Richards, Layton & Finger, P.A., Wilmington, DE; Joseph De Simone, Michelle J. Annunziata, Michael Rayfield, Mayer Brown LLP, New York, NY; Matthew E. Fenn, Mayer Brown LLP, Chicago, IL; C. Barr Flinn, Paul Loughman, Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Eric Leon, Nathan Taylor, Latham & Watkins LLP, New York, NY for defendants.

    Case Number: D69563

    Genuine issues of material fact precluded summary judgment on the issue of demand futility, but the court dismissed claims against two director defendants in this derivative action.

  • GMF ELCM Fund L.P. v. ELCM HCRE GP LLC

    Publication Date: 2021-10-06
    Practice Area: Contractual Disputes
    Industry: Health Care | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Daniel E. Ross, Bradley R. Aronstam, Ross Aronstam & Moritz, Wilmington, DE; Joshua S. Amsel, Matthew R. Friedenberg, Weil, Gotshal & Manges LLP, New York, NY for plaintiffs.
    for defendant: Joseph H. Huston, Jr., Stevens & Lee P.C., Wilmington, DE; Robert K. Keach, Bernstein, Shur, Sawyer & Nelson, Portland, ME for receiver. Ryan P. Newell, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for nominal defendants.

    Case Number: D69561

    Claimant was entitled to indemnification of his litigation expenses, and the court granted his motion to intervene because he had a valid property interest which was not adequately protected by existing parties.

  • In the Matter of the Estate of Sullivan

    Publication Date: 2021-09-29
    Practice Area: Trusts and Estates
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Charles J. Durante, Scott E. Swenson, Shaun Michael Kelly, Connolly Gallagher LLP, Wilmington, DE for petitioner.
    for defendant: Jason C. Powell, Thomas J. Reichert, The Powell Firm, LLC, Wilmington, DE for respondents.

    Case Number: D69550

    The law of decedent's domicile applied with respect to the proceeds of her two individual insurance policies, but Delaware law applied to a group policy.

  • In re The Boeing Co. Derivative Litig.

    Publication Date: 2021-09-22
    Practice Area: Corporate Entities
    Industry: Aerospace | Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Richard M. Heimann, Katherine Lubin Benson, Lieff Cabraser Heimann & Bernstein, LLP, San Francisco, CA; Steven E. Fineman, Nicholas Diamond, Sean Petterson, Rhea Ghosh, Kartik S. Madiraju, Lieff Cabraser Heimann & Bernstein, LLP, New York, NY for plaintiffs.
    for defendant: Blake Rohrbacher, Kevin M. Gallagher, Ryan D. Konstanzer, Richards, Layton & Finger, P.A., Wilmington, DE; Joshua Z. Rabinovitz, Kirkland & Ellis LLP, Chicago, IL for defendants.

    Case Number: D69544

    Demand futility sufficiently pled by alleging that directors could face substantial likelihood of liability for failure to establish reporting systems and for ignoring warning signs regarding product safety.

  • Yatra Online, Inc. v. Ebix, Inc.

    Publication Date: 2021-09-15
    Practice Area: Mergers and Acquisitions
    Industry: Software | Transportation | Travel and Tourism
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP; Wilmington, DE; Mark Lebovitch, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Alisa E. Moen, Moen Law LLC, Wilmington, DE for plaintiff.
    for defendant: Paul J. Lockwood, Cliff C. Gardner, Elisa M.C. Klein, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Tammy L. Mercer, Lakshmi A. Muthu, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Robert A. Muckenfuss, Kelly A. Warlich, McGuireWoods LLP, Charlotte, NC; Kayla J. Marshall, McGuireWoods LLP, Washington DC; Michael D. DeBaecke, F. Troupe Mickler IV, Ashby & Geddes, P.A., Wilmington, DE; Victor A. Walton, Jr., Eric W. Richardson, David F. Hine, Vorys, Sater, Seymour and Pease LLP, Cincinnati, OH for defendants.

    Case Number: D69537

    Where plaintiff terminated a merger agreement, the termination provision in the agreement prevented plaintiff from re-covering against defendant for breach of contract.