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Publication Date: 2023-02-14
Practice Area: Contracts
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Philip Trainer, Jr., Marie M. Degnan, Randall J. Teti, Ashby & Geddes, Wilmington, DE; Marcos D. Jimenez, Marcos D. Jimenez, P.A., Miami, FL for plaintiffs.
for defendant: Ryan P. Newell, Lakshmi A. Muthu, Tara C. Pakrouh, Michael A. Carbonara, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Heyden, Jr., Joseph E. Brenner, Gordon Rees Scully Mansukhani, LLP, Wilmington, DE for defendants.
Case Number: 2020-1004-SG
Parties' written investment contract was valid and enforceable where investor did not expressly reject the contract and the parties' subsequent actions demonstrated their intent to be bound to the contract and their belief that the contract contained all material terms of their deal.
Publication Date: 2023-02-07
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Manufacturing | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: A. Thompson Bayliss, E. Wade Houston, G. Mason Thomson, Abrams & Bayliss LLP, Wilmington, DE for plaintiff.
for defendant: Ashley R. Altschuler, Ethan H. Townsend, Harrison S. Carpenter, Kevin M. Regan, McDermott Will & Emery LLP, Wilmington, DE; Daniel M. Silver, Benjamin A. Smyth, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE; Henry E. Gallagher Jr., Shaun Michael Kelly, Connolly Gallagher LLP, Wilmington, DE for defendants.
Case Number: 2018-0340-SG
Allegations of a personal relationship between special committee director and potentially interested director were insufficient to impute a conflict of interest to the special committee director, whose independence was not challenged by any personal interest in the merger transaction or bad faith actions.
Publication Date: 2023-01-24
Practice Area: Mergers and Acquisitions
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: A. Thompson Bayliss, E. Wade Houston, G. Mason Thompson, Abrams & Bayliss LLP, Wilmington, DE for plaintiff.
for defendant: Ashley R. Altschuler, Ethan H. Townsend, Harrison S. Carptenter, Kevin M. Regan, McDermott Will & Emery LLP, Wilmington, DE; Daniel M. Silver, Benjamin A. Smyth, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE; Henry E. Gallagher Jr., Shaun Michael Kelly, Connolly Gallagher LLP, Wilmington, DE for defendants.
Case Number: 2018-0340-SG
The court denied defendants' motion to dismiss claims arising out of challenged merger and acquisition.
Publication Date: 2023-01-17
Practice Area: Real Estate
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: David C. Hutt, Michelle G. Bounds, Morris James LLP, Georgetown, DE for petitioner.
for defendant: Dean Campbell, Law Office of Dean A. Campbell, PA, Milton, DE for respondents.
Case Number: 2021-0614-SG
Homeowners' association could obtain adverse possession over boat ramps by maintaining the amenity and restricting access to the association's members
Publication Date: 2023-01-03
Practice Area: Real Estate
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff:
for defendant:
Case Number: 2021-0700-PWG
Master correctly stayed plaintiffs' motion to supplement complaint filed during the pendency of exceptions to the master's report, where new allegations were previously in plaintiffs' possession and were directly targeted to address the weaknesses identified by the master's report.
Law Journal Press | Digital Book
Authors: Michael R. Griffinger, Paul F. Cullum III
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Publication Date: 2022-12-20
Practice Area: Business Torts
Industry: E-Commerce | Health Care | Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Stephen C. Norman, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for plaintiff.
for defendant: Gary W. Lipkin, Saul Ewing Arnstein & Lehr, LLP, Wilmington, DE for defendants.
Case Number: 2021-0806-SG
Fraud claims were not barred by economic loss doctrine where plaintiff had alleged fraudulent representations and concealment committed by defendants outside the scope of the parties' contractual obligations, such that the fraud allegations were distinct from allegations of non-performance.
Publication Date: 2022-12-13
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Corinne Elise Amato, Kevin H. Davenport, Samuel L. Closic, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Eric L. Zagar, J. Daniel Albert, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiff.
for defendant: William B. Chandler III, Brad D. Sorrels, Daniyal M. Iqbal, Nora M. Crawford, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Steven Guggenheim, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA; S. Mark Hurd, Miranda Gilbert, Morris Nichols Arsht & Tunnel, LLP, Wilmington, DE; Danny David, Amy Pharr Hefley, Baker Botts L.L.P., Houston, TX for defendants.
Case Number: 2020-0435-SG
Special committee directors were dismissed from case challenging merger transaction, where plaintiff could not show that directors lacked independence from corporate controller or had engaged in willful dereliction of duty to the level of bad faith.
Publication Date: 2022-11-22
Practice Area: Corporate Entities
Industry: E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Glasscock
Attorneys: For plaintiff: Bruce E. Jameson, Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Thomas H. Vidal, Jessica Stone, Pryor Cashman LLP, Los Angeles, CA for plaintiff.
for defendant: Philip Trainer, Jr., Randall J. Teti, Ashby & Geddes, Wilmington, DE; Esra Acikalin Hudson, Lauren, Chee, Manatt, Phelps & Phillips, LLP, Los Angeles, CA for defendants.
Case Number: 2021-0896-SG
Court issued a constructive trust following a trial sounding in breach of contract and breach of duty claims amongst co-investors in a cryptocurrency investment company.
Publication Date: 2022-11-15
Practice Area: Contracts
Industry: Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: David E. Ross, Eric D. Selden, Ross Aronstam & Moritz LLP, Wilmington, DE; Kevin B. Huff, Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., Washington, DC for plaintiff.
for defendant: R. Judson Scaggs, Jr., Thomas P. Will, Morris, Nichols, Arsht & Tunnell, LLP, Wilmington, DE; Robert A. Van Kirk, Sarah F. Kirkpatrick, James M. Rice, Nicholas A. Maricic, Williams & Connolly LLP, Washington, DC for defendants.
Case Number: 2021-0944-SG
Plaintiff could pursue tortious interference with contract claim against third party by alleging that it knew of exclusivity provisions in plaintiff's contract based on industry practice and past practice between plaintiff's affiliates and the third party, and by alleging that third party's decision to usurp business opportunities would result in breach of the contract.
Publication Date: 2022-10-11
Practice Area: Civil Procedure
Industry: E-Commerce | Health Care | Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Stephen Norman, Jaclyn Levy, Charles Hallinan, Potter Anderson & Corroon LLP, Wilmington, DE for plaintiff.
for defendant: Gary Lipkin, Alexandra D. Rogin, Eckert Seamans Cherin & Mellott, LLC, Wilmington, DE for defendants.
Case Number: 2021-0806-SG
Court of Chancery held that they had proper subject matter jurisdiction over a case where plaintiffs pled breach of contract, torts, and equitable fraud. The court noted that because plaintiffs pled equitable fraud, which could not be properly adjudged by law, jurisdiction was proper.
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