• In re Oracle Corp. Derivative Litig.

    Publication Date: 2020-08-05
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher P. Quinn and Bradley P. Lehman, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiff.
    for defendant: Kevin R. Shannon, Berton W. Ashman, Jr. and David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses, Jonathan M. Wagner and Jason M. Moff, Kramer Levin Naftalis & Frankel LLP, New York, NY for Oracle Corp. special litigation committee. Elena C. Norman and Richard J. Thomas, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald and Blair Connelly, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Henley, James and Hurd. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for Oracle Corp.

    Case Number: D69057

    The court denied plaintiff's motion to compel because the documents sought were protected as work product and the op-posing party had not waived the privilege.

  • Schneider Nat'l Carriers, Inc. v. Kuntz

    Publication Date: 2020-07-29
    Practice Area: Contractual Disputes
    Industry: Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Michael A. Pittenger and Caneel Radinson-Blasucci, Potter, Anderson & Corroon LLP, Wilmington, DE; Locke Beatty, Brian Riopelle and Heryka R. Knoespel, McGuire Woods LLP, Raleigh, NC for plaintiff.
    for defendant: John M. Seaman and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Anthony S. Fiotto and Kate E. MacLeman Goodwin Proctor LLP, Boston, MA for defendant.

    Case Number: D69068

    Factual issues regarding the parties' obligations under an asset purchase agreement and conflicting testimony about the parties' negotiations precluded summary judgment.

  • In re: HomeFed Corp. Stockholder Litig.

    Publication Date: 2020-07-29
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; Ned Weinberger, John Vielandi and David MacIsaac, Labaton Sucharow LLP, Wilmington, DE and New York, NY; D. Seamus Kaskela, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
    for defendant: S. Mark Hurd and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; John P. Stigi III and Kristin P. Housh, Sheppard, Mullin, Richter & Hampton LLP, Los Angeles, CA and San Diego, CA for defendants Bienvenue and Borden. Bradley R. Aronstam and S. Michael Sirkin, Ross Aronstam & Moritz LLP, Wilmington, DE; Joseph S. Allerhand, Evert J. Christensen Jr. and Elizabeth M. Sytsma, Weil, Gotshal & Manges LLP, New York, NY for defendants Friedman, Hallac, Steinberg and Jeffries Fin. Group Inc.

    Case Number: D69065

    Plaintiffs' complaint adequately stated a claim for breach of fiduciary duty in connection with this minority squeeze-out transaction. Motions to dismiss denied.

  • In re: Nat'l Collegiate Student Loan Trusts Litig.

    Publication Date: 2020-07-29
    Practice Area: Business Torts
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Kimberly A. Evans and Charles T. Caliendo, Grant & Eisenhofer P.A., Wilmington, DE and New York, NY for plaintiffs.
    for defendant: Jamie L. Edmonson, Daniel A. O’Brien, Allyson B. Baker, Meredith L. Boylan, Sameer P. Sheikh and Tiffany C. Williams, Venable LLP, Wilmington, DE and Washington, DC for defendant.

    Case Number: D69066

    The court granted a motion to dismiss plaintiffs' claim for injurious falsehood, because the allegations of the complaint did not meet the elements of this tort.

  • In re Oracle Corp. Derivative Litig.

    Publication Date: 2020-07-22
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher P. Quinn and Bradley P. Lehman, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiff.
    for defendant: Kevin R. Shannon, Berton W. Ashman, Jr. and David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses, Jonathan M. Wagner and Jason M. Moff, Kramer Levin Naftalis & Frankel LLP, New York, NY for Oracle Corp. special litigation committee. Elena C. Norman and Richard J. Thomas, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald and Blair Connelly, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Henley, James and Hurd. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for Oracle Corp.

    Case Number: D69057

    The court denied plaintiff's motion to compel because the documents sought were protected as work prod-uct and the opposing party had not waived the privilege.

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  • HUMC Holdco, LLC v. MPT of Hoboken TRS, LLC

    Publication Date: 2020-07-15
    Practice Area: Contractual Disputes
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Susan M. Hannigan, Robert L. Burns, Ryan D. Konstanzer and Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE for plaintiffs.
    for defendant: Michael P. Kelley and Andrew S. Dupre, McCarter & English, LLP, Wilmington, DE; Michael A. Ackal, III and D. Scott Funk, Gray Reed & McGraw LLP, Houston, TX for Hoboken MPT defendants. Patricia L. Enerio and Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Christopher J. Sullivan, Dominic J. Picca and LisaMarie Collins, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY for Propco, Alaris and Opco defendants.

    Case Number: D69049

    Factual issues precluded judgment on the pleadings with respect to issues involving a right of first refusal and transfer restrictions under a limited liability company agreement.

  • AM Gen. Holdings LLC v. The Renco Grp., Inc.

    Publication Date: 2020-07-15
    Practice Area: Corporate Governance
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Robert A. Atkins, Steven C. Herzog, Harris Fischman, and Jeremy A. Benjamin, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, J. Peter Shindel, Jr., and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Andrew J. Frackman, Edward N. Moss, and Moshe Mandel, O’Melveny & Myers LLP, New York, NY for defendant.

    Case Number: D69046

    Managing member not required to obtain other member's consent to sale of capital stock assets where operating agreement expressly provided that consent for such a sale would only be required before a certain date.

  • The Williams Companies, Inc. v. Energy Transfer LP

    Publication Date: 2020-07-15
    Practice Area: Mergers and Acquisitions
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Kenneth Nachbar, Susan Waesco, Matthew Clark and Zi-Xiang Shen, Morris, Nichols, Arsht & Tunnell, Wilmington, DE; Antony Ryan, Kevin Orsini and Michael Addis, Cravath, Swaine & Moore LLP, New York, NY for plaintiff.
    for defendant: Rolin Bissel, James Yoch, Jr. and Benjamin Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael Holmes, John Wander, Craig Zieminski and Andy Jackson, Vinson & Elkins LLP, Dallas, TX for defendants.

    Case Number: D69053

    The parties' merger agreement provided that defendant could be obligated to reimburse plaintiff for a termination fee, but other factual issues precluded summary judgment.

  • Komen v. Breyer, LLC

    Publication Date: 2020-07-15
    Practice Area: Mergers and Acquisitions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Bouchard
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Brian J. Robbins and Stephen J. Oddo, Robbins LLP, San Diego, CA; Steven J. Purcell, Douglas E. Julie and Robert H. Lefkowitz, Purcell Julie & Lefkowitz LLP, New York, NY for plaintiff.
    for defendant: Blake Rohrbacher, Rudolf Koch and Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Sandra C. Goldstein and Stefan Atkinson, Kirkland & Ellis LLP, New York, NY for defendants.

    Case Number: D69051

    Plaintiff failed to state either a direct or derivative claim in this action challenging a merger, so the court dismissed the complaint with prejudice.

  • Stone & Paper Investors, LLC v. Blanch

    Publication Date: 2020-07-15
    Practice Area: Corporate Governance
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Richard I.G. Jones, Jr., Berger Harris LLP, Wilmington, DE; David Lackowitz, Zaid Shukri, Moses & Singer LLP, New York, NY for plaintiff.
    for defendant: Catherine Damavandi, Nurick Law Group, LLC for Blanch, Red Bridge and Clovis Holdings defendants. Evan O. Williford, The Williford Firm LLC, Wilmington, DE for Skinner defendants.

    Case Number: D69052

    Defendants adequately alleged counterclaims for breach of contract and unjust enrichment, but the court granted plaintiff's motion to dismiss the remainder of the counterclaims.