• 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.

  • 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.

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  • 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.

  • CLP Toxicology, Inc. v. Casla Bio Holdings LLC

    Publication Date: 2021-07-07
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor Wallace
    Attorneys: For plaintiff: Christopher Viceconte, Gibbons P.C., Wilmington, DE; Anthony J. Rospert, Thomas M. Ritzert, Thompson Hine LLP, Cleveland, OH; Heather M. Hawkins, Thompson Hine LLP, Cincinnati, OH for plaintiff.
    for defendant: Peter B. Ladig, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Jordan D. Weiss, Allison R. Klein, Goodwin Procter LLP, New York, NY for defendant.

    Case Number: D69454

    Breach of earnout payment contractual provision counterclaim was dismissed where contract required arbitration of disputes over calculation and payment, which claims of diversion of funds to avoid triggering payment obligations fell under.