• Seavitt v. N-able, Inc.

    Publication Date: 2024-08-06
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Thomas Curry, Saxena White, P.A., Wilmington, DE; David Wales, Saxena White, P.A., White Plains, NY; Adam Warden, Saxena White, P.A., Boca Raton, FL; Julie Goldsmith Reiser, Richard A. Speirs, Cohen Milstein Sellers & Toll PLLC, New York, NY for plaintiff.
    for defendant: Raymond J. DiCamillo, Matthew D. Perri, Nicole M. Henry, Kevin M. Kidwell, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.

    Case Number: 2023-0326-JTL

    Governance provisions transferring authority from board to controlling investors was facially invalid where such provisions had not been incorporated into the corporate charter, as charters could not incorporate private agreements by reference without rendering them non-public and preventing stockholders from amending the charter.

  • Pinnacle IV, L.P. v. Cyberlabs AI Holdings Ltd.

    Publication Date: 2024-07-16
    Practice Area: Mergers and Acquisitions
    Industry: Advertising | Software | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: Andrew D. Cordo, Andrew D. Berni, Joshua A. Manning, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE for plaintiff.
    for defendant: Berton W. Ashman, Jr., Jesse L. Noa, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; Michael J. Baratz, Patrick F. Linehan, Steptoe LLP, Washington, DC for defendants.

    Case Number: N23C-04-021 MAA CCLD

    Court granted judgment to enforce promissory note where affirmative defenses/counterclaims of fraud failed as plaintiff was not the principal of company officers who allegedly misrepresented company sales numbers.

  • Matrix Parent, Inc. v. Audax Mgmt. Co., LLC

    Publication Date: 2024-07-09
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Adams
    Attorneys: For plaintiff: Elena C. Norman, Daniel M. Kirshenbaum, Michael A. Laukaitis, II, Young, Conaway, Stargatt, and Taylor LLP, Wilmington, DE; Michael S. Shuster, Vincent Levy, Holwell Shuster & Goldberg LLP, New York, NY for plaintiffs.
    for defendant: Kevin R. Shannon, Potter Anderson & Corroon LLP, Wilmington, DE; Kevin B. Huff, Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., Washington, DC; Michael Kendall, White & Case LLP, Boston, MA for defendants.

    Case Number: N23C-10-212 MAA CCLD

    Court declined to dismiss fraud claims in connection with stock purchase agreement where buyer adequately pled that defendant controllers were in a position to know of the fraudulent nature of seller's financials and where the company's alleged unlawful bookkeeping practices violated representations and warranties in the SPA.

  • In re: FTX Trading Ltd.

    Publication Date: 2024-07-09
    Practice Area: Bankruptcy
    Industry: Accounting | E-Commerce | Technology Media and Telecom
    Court: U.S. Bankruptcy Court
    Judge: Judge Dorsey
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 22-11068 (JTD)

    Court developed methodology to discount value of cryptocurrencies where most of the tokens were held by debtor, which had restricted the trading market to artificially inflate the market price.

  • In re TransPerfect Global, Inc.

    Publication Date: 2024-07-02
    Practice Area: Corporate Governance
    Industry: Legal Services | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Jeremy D. Eicher, Eicher Law LLC, Wilmington, DE; Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE for petitioner.
    for defendant: Douglas D. Herrmann, Troutman Pepper Hamilton Sanders LLP, Wilmington, DE; Jennifer C. Voss, Skadden, Arps, Slate, Meagher & Flom LLP Wilmington, DE for respondent.

    Case Number: 9700-CM, 10449-CM

    Court overruled corporation's objections to custodian's legal fee petitions where court had already ruled on custodian's entitlement to fees and found no basis to support corporations' challenges to the reasonableness of the fees.

  • Law Journal Press | Digital Book

    Lancaster County & Berks County Court Rules 2024

    Authors:

    View this Book

    View more book results for the query "*"

  • Trifecta Multimedia Holdings Inc. v. WCG Clinical Serv. LLC

    Publication Date: 2024-06-25
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Bradley R. Aronstam, Roger S. Stronach, Holley E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; David S. Flugman, Lauren J. Zimmerman, Korey Boehm, Selendy Gay PLLC, New York, NY for plaintiffs.
    for defendant: Susan W. Waesco, Emily C. Friedman, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; William C. Jackson, Ashley Moore Drake, Goodwin Procter LLP, Washington, D.C.; Ariel E. Rogers, Goodwin Procter LLP, Redwood City, CA; Lauren E. Jackson, Goodwin Procter LLP, Boston, MA for defendant.

    Case Number: 2023-0699-JTL

    Statements that did not constitute mere puffery were sufficient to state a fraud claim where plaintiff adequately alleged defendant's scienter and where the parties' contract lacked an anti-reliance clause.

  • Stansell v. Rosensweig

    Publication Date: 2024-06-25
    Practice Area: Corporate Governance
    Industry: E-Commerce | Education | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Kurt M. Heyman, Gillian L. Andrews, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Gustavo F. Bruckner, Samuel J. Adams, Ankita Sangwan, Pomerantz LLP, New York, NY for plaintiff.
    for defendant: William M. Lafferty, Susan W. Waesco, Emily C. Friedman, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Dean S. Kristy, Jennifer C. Bretan, Fenwick & West LLP, San Francisco, CA; Felix S. Lee, Fenwick & West LLP, Mountain View, CA; Ethan H. Townsend, Daniel T. Menken, McDermott Will & Emery LLP, Wilmington, DE; Timothy E. Hoeffner, McDermott Will & Emery LLP, New York, NY for defendants.

    Case Number: 2023-0180-PAF

    Company's proxy statement was not materially misleading where company was not obligated to state that customers used the company's products to cheat and use of products in that manner was reasonably foreseeable.

  • Harper v. Sievert

    Publication Date: 2024-06-18
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joseph L. Christensen, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Brian J. Dunne, Edward M. Grauman, Bathaee Dunne LLP, Austin, TX; Yavar Bathaee, Andrew C. Wolinsky, Bathaee Dunne LLP, New York, NY for plaintiff.
    for defendant: A. Thompson Bayliss, Peter C. Cirka, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; Roger A. Cooper, Mark E. McDonald, Cleary Gottlieb Steen & Hamilton LLP, New York, NY for defendants.

    Case Number: 2022-0819-SG

    Demand was not excused where plaintiff failed to plead specific facts demonstrating that directors acted disloyally to confer a non-ratable benefit to the corporate parent at the parent's direction.

  • Leon v. Orlando

    Publication Date: 2024-06-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: David L. Finger, Finger & Slanina, LLC, Wilmington, DE for plaintiffs.
    for defendant: Matthew D. Perri, Daniel E. Kaprow, Elizabeth J. Freud, Alfred P. Dillione, Rae Ra, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.

    Case Number: 2024-0311-LWW

    Court ordered a bond due to the potential for defendant suffering financial losses in connection with a status quo order that restricted defendant from transferring securities it was set to receive.

  • Brown v. Matterport, Inc.

    Publication Date: 2024-06-11
    Practice Area: Damages
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Joseph L. Christensen, Meghan M. Dougherty, Michael D. Bell, Christensen & Dougherty LLP, Wilmington, DE; Edward D. Totino, Benjamin W. Turner, Baker McKenzie LLP, Los Angeles, CA; Conal Doyle, Doyle Law APC, Beverly Hills, CA for plaintiff.
    for defendant: Robert L. Burns, Kyle H. Lachmund, Nicole M. Henry, Richards, Layton & Finger, P.A., Wilmington, DE; Jennifer Selendy, Joshua S. Margolin, David A. Coon, Selendy Gay PLLC, New York, NY for defendants.

    Case Number: 2021-0595-LWW

    Court rejected use of highest intermediate price method to calculate former employee's losses from improperly applied lockup where there was an adequate record to calculate the average stock price over a reasonable trading period.