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  • Golden Rule Fin. Corp. v. Shareholder Representative Serv. LLC

    Publication Date: 2021-02-17
    Practice Area: Mergers and Acquisitions
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Michael Maimone, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; Randall E. Kahnke, Peter C. Mag-nuson, Faegre Drinker Biddle & Reath LLP, Minneapolis, MN for plaintiff.
    for defendant: David E. Ross, Elizabeth M. Taylor, Ross Aronstam & Moritz LLP, Wilmington, DE; Erin C. Johnston, P.C.; McClain Thompson, Mariel A. Brookins, Kirkland & Ellis LLP, New York, NY for defendant.
    Case Number: D69297

    In this post-merger dispute, the court granted the seller's motion for dismissal of plaintiff's complaint be-cause the merger agreement specifically identified the accounting principles applicable to the post-closing price adjustment.

  • Columbus Life Ins. Co. v. Wilmington Trust Co.

    Publication Date: 2021-02-03
    Practice Area: Commercial Law
    Industry: Financial Services and Banking | Insurance
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Donald L. Gouge, Jr., Donald L. Gouge, Jr., LLC, Wilmington, DE; Michael J. Miller, Joseph M. Kelleher, Philip J. Farinella, Cozen O’Connor, Philadelphia, PA for plaintiff.
    for defendant: Steven L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE; Steven Sklaver, Susman Godfrey LLP, Los Angeles, CA; Ari Ruben, Susman Godfrey LLP, New York, NY for defendant.
    Case Number: D69281

    Removal to federal court by a non-party was improper, and defendant's attempt to file an amended notice of removal did not relate back to the time of the original notice.

  • Richardson v. Clark

    Publication Date: 2021-01-27
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Kevin H. Davenport, Samuel L. Closic, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Frank R. Schirripa, Daniel B. Rehns, Hach Rose Schirripa & Cheverie LLP, New York, NY for plaintiff.
    for defendant: A. Thompson Bayliss, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Scott P. Drake, Norton Rose Fulbright US LLP, Dallas, TX; Peter A. Stokes, Norton Rose Fulbright US LLP, Austin, TX for defend-ants.
    Case Number: D69273

    A company's directors failed to adequately address problems identified by federal regulators, but their conduct did not amount to bad faith.

  • Mack v. Rev Worldwide, Inc.

    Publication Date: 2021-01-20
    Practice Area: Corporate Entities
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: William M. Kelleher, Phillip A. Giordano, Gordon, Fournaris & Mammarella, P.A., Wilmington, DE; Robert A. Giacovas, Lainie E. Cohen, Jacob A. Englander, Lazare Potter Giacovas & Moyle LLP, New York, NY for plaintiff.
    for defendant: Raymond W. Cobb, O’Hagan Meyer LLP, Wilmington, DE; Kevin M. O’Hagan, Shane M. Bradwell, O’Hagan Meyer LLP, Chicago, IL for defendant.
    Case Number: D69268

    Delaware was an improper forum for plaintiff's claims, because the parties' agreements contained forum selection clauses in favor of other states.

  • Pascal v. Czerwinski

    Publication Date: 2020-12-30
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: David A. Jenkins, Neal C. Belgam, Smith Katzenstein & Jenkins LLP, Wilmington, DE for plaintiff.
    for defendant: Kenneth J. Nachbar, Zi-Xiang Shen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Susan M. Han-nigan, Richards Layton & Finger, P.A., Wilmington, DE for defendants.
    Case Number: D69242

    A proxy statement involving an equity incentive plan did not contain materially deficient language, so the court granted defendants' motion to dismiss plaintiff's direct claim for breach of fiduciary duty.

  • Law Journal Press | Digital Book

    Florida Evidence and Procedure 2019

    Authors: Patrick S. Montoya, Ervin A. Gonzalez, Ervin A. Gonzalez, Ervin A. Gonzalez, Ervin A. Gonzalez

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  • TitleMax of Delaware, Inc. v. Weissman

    Publication Date: 2020-12-23
    Practice Area: Banking and Finance Laws
    Industry: Financial Services and Banking
    Court: U.S. District Court of Delaware
    Judge: District Judge Thynge
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D69234

    A Pennsylvania agency's attempt to enforce the usury laws of its state with respect to transactions that oc-curred entirely outside its jurisdiction violated the commerce clause.

  • PacNet Capital v. Skye Mineral Partners, LLC

    Publication Date: 2020-12-09
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | Mining and Resources
    Court: U.S. District Court of Delaware
    Judge: District Judge Connolly
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D69218

    The bankruptcy court did not abuse its discretion in dismissing a petition for involuntary bankruptcy, because the party who filed the petition acted in bad faith. Affirmed.

  • Focus Fin. Partners, LLC v. Holsopple

    Publication Date: 2020-11-18
    Practice Area: Business Torts
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Travis S. Hunter, Dorronda R. Bordley, Richards, Layton & Finger, P.A., Wilmington, DE; Michael V. Rella, Murphy & McGonigle, New York, NY for plaintiff.
    for defendant: Daniel M. Silver, Travis J. Ferguson, Alexandra M. Joyce, McCarter & English, LLP, Wilmington, DE for defendants.
    Case Number: D69190

    Tortious interference and misappropriation case against competitor who employed former worker dismissed on forum non conveniens grounds where the parties were already engaged in litigation in California, whose law was more likely to govern the issues in the matter.

  • In re WeWork Litig.

    Publication Date: 2020-11-18
    Practice Area: Deals and Transactions
    Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: William M. Lafferty, Kevin M. Coen, Sabrina M. Hendershot, Sara Toscano, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Eric Seiler, Philippe Adler, Mala Ahuja Harker, Friedman Kaplan Seiler & Adelman LLP, New York, NY; William Christopher Carmody, Shawn J. Rabin, Arun Subramanian, Susman Godfrey L.L.P., New York, NY for plaintiffs.
    for defendant: William B. Chandler, III, Brad D. Sorrels, Lori W. Will, Lindsay Kwoka Faccenda, Leah E. Brenner, Jeremy W. Gagas, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; David J. Berger, Steven M. Gugen-heim, Dylan G. Savage, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA; Michael S. Sommer, Wilson Sonsini Goodrich & Rosati, P.C., New York, NY for the special committee of the board of directors of The We Co. Robert S. Saunders, Sarah R. Martin, Arthur R. Bookout, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; George A. Zimmerman, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY for The We Co. Elena C. Norman, Rolin P. Bissell, Nicholas J. Rohrer, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Erik J. Olson, Morrison & Foerster LLP, Palo Alto, CA; James Bennett, Jordan Eth, Morri-son & Foerster LLP, San Francisco, CA for defendant SoftBank Group Corp. Michael A. Barlow, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John B. Quinn, Molly Stephens, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for defendant SoftBank Vision Fund.
    Case Number: D69193

    Plaintiff stated a claim against defendants for breach of contract, but his breach of fiduciary duty claim was duplicative of the contract claim.

  • In re: NNN 400 Capital Ctr. 16, LLC

    Publication Date: 2020-11-04
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
    Court: U.S. Bankruptcy Court
    Judge: Judge Dorsey
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D69176

    Prevailing party's motion for costs incurred in adversary proceedings granted despite the procedural irregularity of the prevailing party's request.