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Publication Date: 2020-06-17
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Jon Abramczyk, John DiTonno, Matthew Clark, and A. Gage Whirley, Morris, Nichols, Arsht&Tunnell LLP, Wilmington, DE for plaintiff.
for defendant: Peter Walsh, Kevin Shannon, and Callan Jackson, Potter Anderson &Corroon LLP, Wilmington, DE; Tammy Wood and Brent Hockaday, Bell Nunnally & Martin, Dallas, TX, for defendants.
Case Number: D69016
Fiduciary claim arising from unfair cash-out merger barred by statute of limitations and laches where plaintiff was aware of facts indicating that terms and consideration for merger were unfair and that the company had made inadequate disclosures, but chose not to pursue legal action until other stockholders prevailed in appraisal action after the limitations period had run.
Publication Date: 2020-06-10
Practice Area: Business Torts
Industry: Chemicals and Materials
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Richard E. Berl, Jr., Hudson, Jones, Jaywork & Fisher, LLP, Lewes, DE for petitioner.
for defendant: Stephen A. Spence, Baird Manadlas Brockstedt, LLC, Lewes, DE for respondent.
Case Number: D69013
A co-owner of a business failed to prove that the other owner breached her fiduciary duties or engaged in any breach of contract.
Publication Date: 2020-06-10
Practice Area: Corporate Governance
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Kevin M. Coen and Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Paul Spagnoletti, Antonio J. Perez-Marques and Matthew Cormack, Davis Polk & Wardwell LLP, New York, NY for plaintiff.
for defendant: Brock E. Czeschin and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Robin C. Gibbs, Anthony N. Kaim, Angus Dodson and Gabriel D. Kaim. Gibbs & Bruns LLP, Houston, TX for defendant Dunwoody. Daniel C. Herr of the Law Office of Daniel C. Herr LLC, Wilmington, DE for defendant Oilfield Pipe of Texas, LLC.
Case Number: D69009
Plaintiff's claims for breach of fiduciary duty did not fall within the forum selection provision of the parties' employment contract, so the provision did not deprive the court of venue.
Publication Date: 2020-06-03
Practice Area: Contracts
Industry: Cargo and Shipping | Transportation
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Jody C. Barillare and Amy M. Dudash, Morgan, Lewis & Bockius LLP, Wilmington, DE; Michael D. Blanchard, Morgan, Lewis & Bockius, LLP, Hartford, CT; Julie S. Goldemberg, Morgan, Lewis & Bockius LLP, Philadelphia, PA for plaintiffs.
for defendant: Jonathan M. Stemerman, Elliott Greenleaf, P.C., Wilmington, DE; Thomas J. Elliott, Frederick P. Santarelli, Jack P. Elliott, and Colin J. O’Boyle, Elliott Greenleaf, P.C., Blue Bell, PA for defendant.
Case Number: D69000
Injunctive relief granted to preserve the status quo ante and prevent defendant from resorting to measures to force plaintiff to capitulate before a court could resolve the parties' dispute.
Publication Date: 2020-06-03
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory | Retail
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: John L. Williamsand Brian C. Crawford, The Williams Law Firm, P.A., Wilmington, DE for plaintiff.
for defendant: John A. Sensing, Potter Anderson & Corroon LLP, Wilmington, DE; Greg S. Zuckerand Michael B. Weitman, Westerman Ball Ederer Miller Zucker & Sharfstein, LLP, Uniondale, NY for defendants.
Case Number: D68998
Remote controller's efforts to amend operating agreement to benefit himself at the expense of another interest holder, without that interest holder's knowledge or consent, could give rise to a possible breach of fiduciary duty claim.
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Publication Date: 2020-06-03
Practice Area: Creditors' and Debtors' Rights
Industry: Hospitality and Lodging | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: David E. Ross and Bradley R. Aronstam, Ross Aronstam & Moritz, Wilmington, DE; Joshua S. Amsel and 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, Kyle Evans Gay and Shaun Michael Kelly, Connolly Gallagher LLP, Wilmington, DE for nominal defendants.
Case Number: D69002
The court rejected a judgment debtor's argument that a charging order would cause a default under a lease.
Publication Date: 2020-05-27
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Michael F. Bonkowski and Andrew L. Cole, Cole Schotz P.C., Wilmington, DE; Roger A. Lane and Courtney Worcester, Foley & Lardner LLP, Boston, MA for plaintiff.
for defendant: T. Brad Davey and Mathew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE; Barry S. Pollack and Joshua L. Solomon, Pollack Solomon Duffy LLP, Boston, MA for defendant.
Case Number: D68995
In this books and records request matter, the court held that plaintiff was entitled to certain documents to value his interest, but the court denied other aspects of his request.
Publication Date: 2020-05-20
Practice Area: Real Estate
Industry: Automotive
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Richard L. Abbot, Abbott Law Firm, Hockessin, DE for plaintiff.
for defendant: “J” Jackson Shrum, Jack Shrum, P.A., Wilmington, DE for defendants.
Case Number: D68986
Plaintiff stated claims for breach of contract and specific performance, but it failed to allege its fraud claims with particularity.
Publication Date: 2020-05-20
Practice Area: Land Use and Planning
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Robert V. Witsil, Jr., Robert V. Witsil, Jr., P.A., Georgetown, DE for plaintiffs.
for defendant: David N. Rutt, Moore & Rutt, P.A., Georgetown, DE for defendant Sussex County Council.Richard A. Forsten and Pamela J. Scott, Saul Ewing Arnstein & Lehr LLP, Wilmington, DE for defendants Crivella and OA Oaks, LLC.
Case Number: D68982
Rezoning of AR-1 parcel into high density parcel to permit apartment residential development was not arbitrary or capricious where supported by local government's reasoned consideration of substantial evidence.
Publication Date: 2020-05-13
Practice Area: Mergers and Acquisitions
Industry: E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Seth D. Rigrodsky, Brian D. Long and Gina M. Serra, Rigrodsky & Long, P.A., Wilmington, DE; Richard A. Maniskas, RM Law, P.C., Berwyn, PA for plaintiffs.
for defendant: Rudolf Koch, Richards, Layton & Finger, P.A., Wilmington, DE; Deborah S. Birnbach and Morgan R. Mordecai of Goodwin Procter LLP for defendants.
Case Number: D68977
Minority stockholders did not form a control group with the majority stockholder, so they did not owe any fiduciary duties to plaintiffs. Motion to dismiss granted.
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