• KT4 Partners LLC v. Palantir Tech. Inc.

    Publication Date: 2021-08-04
    Practice Area: Business Torts
    Industry: Financial Services and Banking | Investments and Investment Advisory | Software
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff: Bartholomew J. Dalton, Michael C. Dalton, Dalton & Associates, P.A., Wilmington, DE; Barry S. Simon, Jonathan B. Pitt, Stephen Wohlgemuth, Williams & Connolly LLP, Washington, DC for plaintiffs.
    for defendant: Blake Rohrbacher, Kelly E. Farnan, Kevin M. Gallagher, Katharine L. Mowrey, Ryan D. Konstanzer, Rich-ards, Layton & Finger, P.A., Wilmington, DE; John C. Hueston, Moez M. Kaba, Hueston Hennigan LLP, Los Angeles, CA; Kevin J. Orsini, Rory A. Leraris, Cravath Swaine & Moore LLP, New York, NY; Elena C. Nor-man, Paul J. Loughman, Lakshmi A. Muthu, Caleb G. Johnson, Young Conaway Stargatt & Taylor LLP, Wil-mington, DE; John Douglas Bethay III, Maynard Cooper & Gale LLP, Birmingham, AL for defendants.

    Case Number: D69489

    The court denied plaintiffs' motions in limine with respect to defense experts, because those witnesses had specialized and relevant knowledge.

  • Skye Mineral Investors, LLC v. DXS Capital (U.S.) Ltd.

    Publication Date: 2021-07-28
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Kevin M. Gallagher, Daniel Kaprow of Richards, Layton & Finger, P.A., Wilmington, DE; Jason Cyrulnik, Edward Normand, Paul Fattaruso, Cyrulnik Fattaruso LLP, New York, NY for plaintiffs.
    for defendant: Thomas W. Briggs, Jr., Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Pedro A. Jimenez; Kevin C. Logue, Kevin P. Broughel, Nicholas Bassett, Katherine K. Solomon, Katherine Rookard, Paul Hastings LLP, New York, NY for defendants.

    Case Number: D69484

    Service upon defendants in a foreign country by mailing and posting was reasonably calculated to provide them with actual notice of the pending litigation, so the court denied defendants' motion to dismiss.

  • In re Cadira Group Holdings, LLC Litig.

    Publication Date: 2021-07-28
    Practice Area: Contracts
    Industry: Health Care | Insurance | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: John L. Reed, Matthew Denn, DLA Piper LLP (US), Wilmington, DE; Ardith Bronson, Maia Sevilla-Sharon, DLA Piper LLP (US), Miami, FL for plaintiff.
    for defendant: Raymond W. Cobb, Law Offices of Raymond W. Cobb, LLC (formerly with O’Hagan Meyer LLP), Wilmington, DE; Kevin F. Berry, O’Hagan Meyer LLP, Philadelphia, PA for defendants.

    Case Number: D69479

    Failure to disclose the existence of adverse litigation was sufficient to support a claim of fraudulent inducement of joint venture agreement.

  • Coster v. UIP Co., Inc.

    Publication Date: 2021-07-21
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Max B. Walton, Kyle Evans Gay, Connolly Gallagher LLP, Wilmington, DE; Michael K. Ross, Thomas Shakow, Serine Consolino, Sean Roberts, Aegis Law Group LLP, Washington, DC for plaintiff.
    for defendant: Stephen B. Brauerman, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Deborah B. Baum, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC for defendants.

    Case Number: D69471

    Chancery court erred in ruling that stock sale to break shareholder deadlock and avoid shareholder's action for appointment of a custodian for the company was permissible if the stock was sold at a fair price, as the company and its board and other shareholder were obligated to demonstrate a compelling justification for conducting the sale.

  • HostForWeb, Inc. v. Frank

    Publication Date: 2021-07-21
    Practice Area: Mergers and Acquisitions
    Industry: E-Commerce | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: James D. Taylor, Jr., Charles E. Davis, Saul Ewing Arnstein & Lehr LLP, Wilmington, DE; John B. Wolf, Ashman & Stein, Stokie, IL for plaintiff.
    for defendant: John A. Sensing, Jesse L. Noa, Potter Anderson & Corroon LLP, Wilmington, DE; Branden P. Moore, McGuire Woods LLP, Pittsburgh, PA for defendants.

    Case Number: D69472

    Defendants' counterclaims were dismissed where it could not obtain a setoff from its payments to plaintiff for plaintiff's purported breach of the parties' asset purchase agreement where the express terms of the APA did not allow for setoffs.

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  • Largo Legacy Group, LLC v. Charles

    Publication Date: 2021-07-21
    Practice Area: Business Torts
    Industry: Hospitality and Lodging | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Steven T. Margolin, Lisa Zwally Brown, Samuel L. Moultrie, Greenberg Traurig, LLP, Wilmington, DE for plaintiff.
    for defendant: Jason Jowers, Bayard, P.A., Wilmington, DE for defendants.

    Case Number: D69474

    Plaintiff stated claims for breach of an operating agreement, aiding and abetting, and breach of fiduciary duty, but the court rejected his fraud claims.

  • Berteau v. Glazek

    Publication Date: 2021-07-21
    Practice Area: Mergers and Acquisitions
    Industry: Consumer Products | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Neal C. Belgam, Robert K. Beste, Michael C. Wagner, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Peter B. Andrews, Craig Springer, Andrews & Springer LLC, Wilmington, DE; Jeremy Friedman, David Tejtel, Friedman, Oster & Tejtel, LLP, New York, NY for plaintiff.
    for defendant: John M. Seaman, Matthew L. Miller, Christopher F. Cannataro, Abrams & Bayliss LLP, Wilmington, DE; David A. Dorey, Brandon W. McCune, Blank Rome LLP, Wilmington, DE; Barry H. Genkin, Blank Rome LLP, Philadelphia, PA; Blake Rohrbacher, Christian C.F. Roberts, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.

    Case Number: D69470

    Stockholder plausibly challenged merger transaction under entire fairness review where controller of both parties to merger received greater value from the transaction, a benefit not shared with the minority stockholders.

  • Novarus Capital Holdings, LLC v. AFG ME West Holdings, LLC

    Publication Date: 2021-07-14
    Practice Area: Contractual Disputes
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Kevin M. Coen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Darrell G. Waas, Patricia C. Camp-bell, Waas Campbell Rivera Johnson & Velasquez LLP, Denver, CO for plaintiff.
    for defendant: Alan D. Albert, O’Hagan Meyer PLLC, Wilmington, DE for defendants.

    Case Number: D69465

    Plaintiff adequately stated claims for reformation, declaratory relief, and breach of the implied covenant of good faith and fair dealing, but the court dismissed certain other claims against defendants.

  • Deutsche Bank AG v. Devon Park Bioventures, L.P.

    Publication Date: 2021-07-14
    Practice Area: Corporate Entities
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Stephen C. Norman, Aaron R. Sims, Potter Anderson & Corroon LLP, Wilmington, DE; David G. Januszewski, Sheila C. Ramesh, Cahill Gordon & Reindel LLP, New York, NY for plaintiff.
    for defendant: James M. Yoch, Jr., Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Kevin C. Maclay, Todd E. Phillips, Quincy M. Crawford, Nathaniel R. Miller, Caplin & Drysdale, Chartered, Washington, DC; William M. Kelleher, Phillip A. Giordano, Gordon Fournaris & Mammarella, P.A., Wilmington, DE; Ira S. Zaroff, Richard M. Zaroff, Zaroff & Zaroff LLP, Garden City, NY; P. Clarkson Collins, Jr., K. Tyler O’Connell, Albert J. Carroll, R. Eric Hacker, Damon B. Ferrara, Morris James LLP, Wilmington, DE for defendants.

    Case Number: D69464

    Transfer of an ownership interest in a Delaware entity by itself was insufficient to constitute sufficient minimum contacts to support the exercise of long-arm jurisdiction over the foreign transferor and transferee.

  • In re Oracle Corp. Derivative Litig.

    Publication Date: 2021-07-07
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris of Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Christopher H. Lyons, Robbins Geller Rud-man & Dowd LLP, Nashville, TN; Brian J. Robbins, Stephen J. Oddo, Gregory Del Gaizo, Robbins LLP, San Diego, CA for lead plaintiff.
    for defendant: Kenneth J. Nachbar, John P. DiTomo, Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett, Sidley Austin LLP, San Francisco, CA; Matthew J. Dolan, Sidley Austin LLP, Palo Alto, CA; Thomas A. Beck, Blake K. Rohrbacher, Susan M. Hannigan, Matthew D. Perri, Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE; Kevin R. Shannon, Berton W. Ashman, Jr., Pot-ter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses, Jonathan M. Wagner, Jason M. Moff, Kramer Levin Naftalis & Frankel LLP, New York, NY; Elena C. Norman, Nicholas J. Rohrer, Richard J. Thomas, Benjamin Potts, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Latham & Watkins LLP, San Francisco, CA; Blair Connelly, Latham & Watkins LLP, New York, NY for defendants.

    Case Number: D69458

    The court granted motions to dismiss as to two defendants in this breach of fiduciary duty matter, but it de-nied another defendant's motion because that party was not independent and had actively participated in the negotiation of the challenged transaction.