• Endowment Research Group, LLC v. Wildcat Venture Partners, LLC

    Publication Date: 2021-03-24
    Practice Area: Contracts
    Industry: Consulting | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: ohn M. Seaman, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; William C. Price, Michael T. Zeller, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for plaintiff.
    for defendant: Gregory P. Williams, Robert L. Burns, Megan E. O’Connor, Richards, Layton & Finger, P.A, Wilmington, DE; Kathleen H. Goodhart, Cooley LLP, San Francisco, CA for defendant.

    Case Number: D69336

    Chancery court could exercise subject matter jurisdiction over alleged breach of contract claim where equitable relief might be required for breach of a NDA to prevent future misappropriation and because calculation of legal damages due to prior misappropriation could prove difficult.

  • City of Detroit Police & Fire Ret. Sys. v. Hamrock

    Publication Date: 2021-03-24
    Practice Area: Corporate Governance
    Industry: Energy | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Stark
    Attorneys: For plaintiff: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Daniel S. Sommers, Joshua Handelsman, Cohen Milstein Sellers & Toll PLLC, Washington, DC; Richard A. Speirs, Amy Miller, Cohen Milstein Sellers & Toll PLLC, New York, NY; Kip B. Shuman, Shuman, Glenn & Stecker, San Francisco, CA; Rusty E. Glenn, Shuman, Glenn & Stecker, Denver, CO; Brett D. Stecker, Shuman, Glenn & Stecker, Ardmore, PA; Ronald A. King, Clark Hill PLC, Lansing, MI for plaintiff.
    for defendant: Gregory P. Williams, Raymond J. DiCamillo, Katharine L. Mowery, Richards, Layton & Finger, P.A., Wilmington, DE; Walter C. Carlson, Nilofer Umar, Caroline A. Wong, Sidley Austin LLP, Chicago, IL for defendants.

    Case Number: D69335

    Derivative claim of breach of loyalty dismissed where demand was not excused as plaintiff failed to show that directors were likely to face liability on underlying claim and therefore could not be disinterested and independent.

  • Sycamore Partners Mgmt., L.P. v. Endurance Am. Ins. Co.

    Publication Date: 2021-03-17
    Practice Area: Insurance Litigation
    Industry: Insurance | Investments and Investment Advisory
    Court: Delaware Superior Court
    Judge: Judge LeGrow
    Attorneys: For plaintiff: David J. Baldwin, Peter C. McGivney, Berger Harris LLP, Wilmington, DE; John E. Failla, Nathan R. Lander, Elise A. Yablonski, Proskauer Rose LLP, New York, NY for plaintiffs.
    for defendant: Barry M. Klayman, Cozen O’Connor, Wilmington, DE; Michael R. Davisson, Cozen O’Connor, Los Angeles, CA; Elena C. Norman, Michael A. Laukaitis, II, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael F. Perlis, Locke Lord LLP, Los Angeles, CA; Michael P. Duffy, Scarlett M. Rajbanshi, Peabody & Arnold LLP, Boston, MA; Ian Connor Bifferato, The Bifferato Firm, P.A., Wilmington, DE; James Thurston, Wilson Elser Moskowitz Edelman & Dicker, LLP, Chicago, IL; Daniel E. Tranen, Wilson Elser Moskowitz Edelman & Dicker, LLP, Edwardsville, IL; Elizabeth B. Sandza, Wilson Elser Moskowitz Edelman & Dicker, LLP, Washington, DC; Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Ronald P. Schiller, Daniel J. Layden, Hangley Aronchick Segal Pudlin & Schiller, P.C., Philadelphia, PA for defendants.

    Case Number: D69333

    Insurers' defense of uninsurability failed as a matter of law, because Delaware law did not prohibit insur-ance policies for restitution or disgorgement.

  • DG BF, LLC v. Ray

    Publication Date: 2021-03-17
    Practice Area: Corporate Governance
    Industry: Consumer Products | Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Sean J. Bellew, Bellew LLP, Wilmington, DE; Gerard P. Fox, Marina V. Bogorad, Gerard Fox Law P.C., Los Angeles, CA for plaintiffs.
    for defendant: Sean A. Meluney, Matthew D. Beebe, Benesch, Friedlander, Coplan & Aronoff LLP, Wilmington, DE; David B. Anthony, Berger Harris LLP, Wilmington, DE; Perry J. Woodward, Hopkins & Carley, A Law Corporation, San Jose, CA for defendants.

    Case Number: D69328

    Plaintiffs could proceed with breach of contract and implied covenant of good faith and fair dealing claims after alleging company and its officers breached express obligations under operating agreement and failed to act in good faith in selection of independent managers.

  • RSUI Indem. Co. v. Murdock

    Publication Date: 2021-03-17
    Practice Area: Insurance Litigation
    Industry: Food and Beverage | Insurance | Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Robert J. Katzenstein, Kathleen M. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Robert P. Conlon, Kevin A. Lahm, Cassandra L. Jones, Walker Wilcox Matousek LLP, Chicago, IL for plaintiff.
    for defendant: Elena C. Norman, Mary F. Dugan, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Kirk A. Pasich, Pamela Woods, Christopher T. Pasich, Pasich LLP, Los Angeles, CA for defendants.

    Case Number: D69330

    Delaware public policy did not make fraudulent conduct by corporate directors and officers uninsurable, and a policy exclusion did not apply.

  • Jacob v. Bloom Energy Corp.

    Publication Date: 2021-03-10
    Practice Area: Corporate Entities
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Sam Bonderoff, James Ostaszewski, Matthew Hendrickson, Zamansky LLC, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, John M. Seaman, Eliezer Y. Feinstein, Abrams & Bayliss LLP, Wilmington, DE for defendant.

    Case Number: D69321

    Stockholder established a proper purpose for the inspection of corporate books and records, but the court limited the scope of some of the requests.

  • Calamos Asset Mgmt., Inc. v. Travelers Cas. & Surety Co. of Am.,

    Publication Date: 2021-03-10
    Practice Area: Insurance Law
    Industry: Insurance | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Jennifer C. Wasson, Carla M. Jones, Potter Anderson & Corroon LLP, Wilmington, DE; Matthew J. Schlesinger, Colin P. Watson, Maura A. Sokol, Covington & Burling LLP, Washington, DC for plaintiff.
    for defendant: Francis G.X. Pileggi, Lewis Brisbois Bisgaard & Smith LLP, Wilmington, DE; Ronald P. Schiller, Daniel J. Layden, Hangley Aronchick Segal Pudlin & Schiller, Philadelphia, PA for defendant.

    Case Number: D69318

    Corporation was not entitled to coverage under Directors and Officers liability policy for stockholders' underlying action against the company where the policy only provided coverage for securities claims and the underlying breach of fiduciary duty claims did not concern regulating securities.

  • Rogers v. Wilmington Trust Co.

    Publication Date: 2021-03-10
    Practice Area: Trusts and Estates
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Connolly
    Attorneys: For plaintiff: David A. Felice, Bailey & Glasser, LLP, Wilmington, DE; T. Randolph Catanese, Doug R. Hume, David Y. Yoshida, Catanese & Wells, Westlake Village, CA for plaintiff.
    for defendant: Benjamin P. Chapple, Justin M. Forcier, Reed Smith LLP, Wilmington, DE; John M. McIntyre, Traci S. Rea, Reed Smith LLP, Pittsburgh, PA; Elizabeth J. Betta, M&T Bank, Buffalo, NY for defendant.

    Case Number: D69324

    The court denied relief to plaintiffs because they failed to prove that a previous trustee breached its fidu-ciary duty or engaged in any fraud.

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

    Publication Date: 2021-03-03
    Practice Area: Insurance Law
    Industry: Financial Services and Banking | Insurance | Investments and Investment Advisory
    Court: Delaware Superior Court
    Judge: Judge Wallace
    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; Ari Ruben, Susman Godfrey LLP, New York, NY; Steven G. Sklaver, Susman Godfrey LLP, Los Angeles, CA for defendant.

    Case Number: D69312

    Although stranger-oriented life insurance policy holder could not maintain void policy under theories of estoppel or waiver, insurance company's acceptance of holder as owner and beneficiary and acceptance of payment of premiums could support fraud claim against insurer.

  • Scott v. Vantage Corp.

    Publication Date: 2021-02-24
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory | Software
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Shwartz
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69307

    Plaintiffs failed to establish their claims for misrepresentation or breach of fiduciary duty in connection with the sale of unregistered securities, and the trial court did not err in denying a motion for substitution of parties.