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Publication Date: 2021-12-21
Practice Area: Contractual Disputes
Industry: Health Care | Investments and Investment Advisory | Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: David E. Wilks, Scott B. Czerwonka, Wilks Law, LLC, Wilmington, DE; Jordan E. Stern, William H. Newman, Becker, Glynn, Muffly, Chassin & Hosinski, LLP, New York, NY for plaintiff.
for defendant: Catherine A. Gaul, Ashby & Geddes, Wilmington, DE; David B. Anthony, Berger Harris LLP, Wilmington, DE; Beth A. Bryan, Taft Stettinius & Hollister, LLP, Cincinnati, OH for defendants.
Case Number: D69649
The court held that plaintiff's claims were not ripe or justiciable and its breach of representations claim failed to state a claim where plaintiff did not and could not plead damages.
Publication Date: 2021-12-21
Practice Area: Creditors' and Debtors' Rights
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Steven P. Wood, Andrew S. Dupre, Brian R. Lemon, Sarah E. Delia, McCarter & ENGLISH, LLP, Wilmington, DE for plaintiff.
for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for defendant.
Case Number: D69653
Court declined a stay of proceedings and permanent injunction, where the injunction was imposed to prevent plaintiff from interfering with defendant's rights under the parties' agreement, and where defendant was unlikely to prevail on its appeal of the court's judgment finding the agreement valid and enforceable.
Publication Date: 2021-12-07
Practice Area: Contracts
Industry: E-Commerce | Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Carpenter
Attorneys: For plaintiff: Carl D. Neff, Fisher Broyles, LLP, Wilmington, DE; William J. Akins, Fisher Broyles, LLP, Austin, TX for plaintiff.
for defendant: Peter J. Walsh, Jr., Clarissa R. Chenoweth-Shook, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
Case Number: D69634
The court held that because plaintiff and defendant produced plausible interpretations of the term at issue, it made the contract ambiguous and not appropriate for summary judgment.
Publication Date: 2021-12-07
Practice Area: Corporate Governance
Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Neal C. Belgam, Jason Z. Miller, Michael C. Wagner, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Christopher M. Caparelli, Torys LLP, New York, NY for plaintiff.
for defendant: Thomas G. Macauley, Macauley LLC, Wilmington, DE; Euripides D. Dalmanieras, Foley Hoag LLP, Boston, MA for defendant.
Case Number: D69631
Where a corporation failed to update its stock ledger after acknowledging a convertible note holder's conversion into preferred stock, court could look to extrinsic evidence beyond the ledger to determine standing for a §220 demand.
Publication Date: 2021-12-07
Practice Area: Corporate Governance
Industry: Manufacturing | Software | Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys: For plaintiff: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Phillip Kim, The Rosen Law Firm, P.A., New York, NY; Timothy Brown, The Brown Law Firm, P.C., Oyster Bay, NY; Marion C. Passmore, Melissa A. Fortunato, Bragar Eagel & Squire, P.C., New York, NY for plaintiffs.
for defendant: Lori W. Will, Nora M. Crawford, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Gregory L. Watts, Wilson Sonsini Goodrich & Rosati, P.C., Seattle, WA for defendants.
Case Number: D69636
The court found the settlement in this derivative action to be fair and reasonable where the balance of the Girsh factors favored settlement.
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Publication Date: 2021-11-30
Practice Area: Corporate Governance
Industry: Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys: For plaintiff: Blake A. Bennett, Cooch & Taylor, P.A. Wilmington, DE, Francis A. Bottini, Jr., Albert Y. Chang, Anne Beste, Yury A. Kolesnikov, Bottini & Bottini, Inc., La Jolla, CA for plaintiffs.
for defendant: Peter J. Walsh, Jr., Jonathan A. Choa, Potter, Anderson & Corroon, LLP, Wilmington, DE; Koji Fukumura, Peter M. Adams, Heather Speers, Cooley, LLP, San Diego, CA; Brian French, Cooley, LLP, New York, NY for defendants.
Case Number: D69626
The court held that plaintiffs' claims for breach of fiduciary duties, aiding and abetting breach of fiduciary duties, and unjust enrichment should be dismissed for failing to plead demand futility.
Publication Date: 2021-11-23
Practice Area: Attorney Compensation
Industry: Investments and Investment Advisory | Legal Services | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Gregory V. Varallo, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Michael Hanrahan, Kevin H. Davenport, Mary S. Thomas, Prickett, Jones & Elliott, P.A.; Mark Lebovitch, Jacqueline Y. Ma, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Lee D. Rudy, Eric L. Zagar, Christopher M. Windover, Matthew C. Benedict, Kessler Topaz Meltzer & Check, LLP, Randor, PA; Robert D.Klausner, Klausner Kaufman Jensen & Levinson, P.A., Plantation, FL; Aaron T. Morris, Morris Kandinov LLP, Stowe, VT for plaintiffs.
for defendant: Robert S. Saunders, Joseph O. Larkin, Matthew P. Majarian, Ryan M. Lindsay, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Richard B. Harper, Thomas E. O’Brien, Vern Cassin, Baker Botts LLP, New York, NY; Kenneth J. Nachbar, Megan W. Cascio, Thomas P. Will, Sarah P. Kaboly, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Douglas D. Herrmann, Emily L. Wheatley, Troutman Pepper Hamilton Sanders LLP, Wilmington, DE for defendants.
Case Number: D69614
The court held that plaintiffs were entitled to a mootness fee in the amount of 9 million dollars.
Publication Date: 2021-11-16
Practice Area: Contractual Disputes
Industry: Software | Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Stark
Attorneys: For plaintiff: Karen E. Keller, Jeff Castellano, Shaw Keller LLP, Wilmington, DE; Bijal Vakil, Jeremy T. Elman, White & Case LLP, Palo Alto, CA for plaintiff.
for defendant: Jack B. Blumenfeld, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; John S. Letchinger, Baker & Hostetler LLP, Chicago, IL, Jared A. Brandyberry, Baker & Hostetler LLP, Denver, CO for defendants.
Case Number: D69610
The court held that 1) plaintiff established personal jurisdiction over defendant Singapore Telecommunications Limited, or Singtel, as to the breach of contract claim by virtue of Singtel' s consent to the forum selection clause, 2) plaintiff failed to establish personal jurisdiction over Singtel as to the patent infringement claim and 3) Singtel established good cause to stay plaintiff's breach of contract claim against it.
Publication Date: 2021-10-27
Practice Area: Mergers and Acquisitions
Industry: E-Commerce | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Paul J. Lockwood, Arthur R. Bookout, Matthew P. Majarian, Kathryn S. Bartolacci, Gregory P. Ranzini, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; David E. Ross, Ross Aronstam & Moritz LLP, Wilmington, DE for petitioner.
for defendant: Michael A. Pittenger, Berton W. Ashman, Jr., David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE; William Savitt, Adam M. Gogolak, Wachtell, Lipton, Rosen & Katz, New York, NY for claimants.
Case Number: D69582
During the process of sale and dissolution, company failed to provide sufficient security to cover potential indemnification claims incurred by buyer.
Publication Date: 2021-10-20
Practice Area: Corporate Governance
Industry: Consulting | Software | Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Stark
Attorneys: For plaintiff: Brian M. Gottesman, David B. Anthony, Peter C. McGivney, Berger Harris LLP, Wilmington, DE for plaintiffs
for defendant: Paul D. Brown, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Keith M. Fleischman, Joshua D. Glatter, June Park, Fleischman Bonner & Rocco LLP, White Plains, NY for defendants.
Case Number: D69576
Plaintiffs properly stated a claim for breach of fiduciary duty and libel.
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