• Hawk Inv. Holdings Ltd. v. Stream TV Networks, Inc.

    Publication Date: 2022-12-13
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Steven L. Caponi, Matthew B. Goeller, Megan E. O’Connor, K&L Gates LLP, Wilmington, DE for plaintiff.
    for defendant: Andrew S. Dupre, Brian R. Lemon, Stephanie H. Dallaire, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE for defendants.

    Case Number: 2022-0930-JTL

    Secured creditor validly exercised rights under pledge agreement to replace sole director of debtor's wholly-owned subsidiary, where creditor regained enforcement rights it had assigned when the assignee defaulted on its agreement with creditor.

  • Am. Healthcare Admin. Serv. Inc. v. Aizen

    Publication Date: 2022-12-06
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Insurance | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Thomas W. Briggs, Jr., Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Christopher R. Rodriguez, Andrew D. Bluth, Singleton Schreiber LLP, Sacramento, CA for plaintiffs/counter-claim defendants.
    for defendant: Paul D. Brown, Joseph B. Cicero, Gregory E. Stuhlman, Aidan T. Hamilton, Chipman Brown Cicero & Cole, LLP, Wilmington, DE for defendant/counterclaim-plaintiff.

    Case Number: 2019-0793-JTL

    The court found for plaintiff stockholders who sought a specific performance order compelling a corporation's former CEO to release funds which were held in an escrow account.

  • In re Cte D'Azur Estate Corp.

    Publication Date: 2022-12-06
    Practice Area: Trusts and Estates
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Jeremy D. Anderson, Fish & Richardson P.C., Wilmington, DE for plaintiff.
    for defendant: Steven L. Caponi, K&L Gates, LLP, Wilmington, DE; Dieter Walter Neupert, defendant pro se for defendants.

    Case Number: 2017-0290-JTL

    Request for international assistance granted to obtain attorney documents seized by international law enforcement authorities where attorney had failed to participate in the proceedings and plaintiff had no other means of obtaining the information and documents.

  • In re COVID-Related Restrictions on Religious Servs.

    Publication Date: 2022-12-06
    Practice Area: Government
    Industry: Non-Profit | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Stephen J. Neuberger, Thomas S. Neuberger, The Neuberger Firm, P.A., Wilmington, DE; Scott D. Cousins, Scott D. Jones, Cousins Law LLC, Wilmington, DE; Thomas C. Crumplar, Jacobs & Crumplar, P.A., Wilmington, DE; Martin D. Haverly, Martin D. Haverly, Attorney At Law, Wilmington, DE, for plaintiffs.
    for defendant: Zi-Xiang Shen, State of Delaware Department Of Justice, Wilmington, DE; Brad D. Sorrels, Andrew D. Cordo, Daniyal M. Iqbal, Nora M. Crawford, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE for defendant.

    Case Number: 2021-1036-JTL

    Chancery court lacked subject matter jurisdiction over challenge filed by religious leaders to COVID-19 in-person gathering restrictions where plaintiffs had failed to demonstrate reasonable apprehension that state would reimpose such restrictions after it entered a settlement agreeing not to impose similar restrictions in the future.

  • In re P3 Health Group Holdings, LLC

    Publication Date: 2022-11-15
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY, for Hudson Vegas Investment SPV, LLC.
    for defendant: William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for Jessica Puathasnanon and P3 Health Group Holdings, LLC. Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk IV, Potter Anderson & Corroon LLP, Wilmington, DE; William K. Kane, Sheppard Mullin, Richter & Hampton LLP, Chicago, IL; James C. Wald, Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for Chicago Pacific Founders Fund, L.P., CPF P3 Splitter, LLC, Greg Kazarian, Larry Leisure, Mary Tolan, Sameer Mathur. Elena C. Norman, Paul J. Loughman, Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for Sherif W. Abdou, Amir Bacchus, Gary Garrett, Lorie Glisson, Taylor Leavitt, and Tom Price.

    Case Number: 2021-0518-JTL

    The court granted defendants' motions to dismiss in part.

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  • In re P3 Health Group Holdings, LLC

    Publication Date: 2022-11-08
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Chancellor Laster
    Attorneys: For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY for Hudson Vegas Investment SPV, LLC. William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for Jessica Puathasnanon and P3 Health Group Holdings, LLC.
    for defendant: Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk IV, Potter Anderson & Corroon LLP, Wilmington, DE; William K. Kane, Sheppard Mullin, Richter & Hampton LLP, Chicago, Il; James C. Wald, Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for Chicago Pacific Founders Fund, L.P., CPF P3 Splitter, LLC, Greg Kazarian, Larry Leisure, Mary Tolan and Sameer Mathur. Elena C. Norman, Paul J. Loughman, Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for Sherif W. Abdou, Amir Bacchus, Gary Garrett, Lorie Glisson, Taylor Leavitt, and Tom Price.

    Case Number: 2021-0518-JTL

    Court denied a motion to dismiss for lack of personal jurisdiction finding that the defendant, although not an official manager of the LLC, had participated "materially" in a managerial capacity.

  • In Re P3Health Group Holdings. LLC

    Publication Date: 2022-11-01
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY for Hudson Vegas Investment SPV, LLC
    for defendant: William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for Jessica Puathasnanon and P3 Health Group Holdings, LLC; Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk Iv, Potter Anderson & Corroon LLP Wilmington, DE; William K. Kane, Sheppard Mullin, Richter & Hampton LLP, Chicago, IL; James C. Wald, Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for Chicago Pacific Founders Fund, L.P., CPF P3 Splitter, LLC, Greg Kazarian, Larry Leisure, Mary Tolan, Sameer Mathur; Elena C. Norman, Paul J. Loughman, Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for Sherif W. Abdou, Amir Bacchus, Gary Garrett, Lorie Glisson, Taylor Leavitt, and Tom Price; Steven T. Margolin, Samuel L. Moultrie, Corrinne R. Moini, Greenberg Traurig LLP, Wilmington, DE for Foresight Acquisition Corporation, Foresight Acquisition Corporation II and Greg Wasson.

    Case Number: 2021-0518-JTL

    Court denied motion to dismiss finding defendant had sufficient minimum contacts and nexus with the State of Delaware to warrant the court's exercise of personal jurisdiction.

  • In re Stream TV Networks, Inc. Omnibus Agreement Litig.

    Publication Date: 2022-10-18
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | 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, Stephanie H. Dallaire, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE for plaintiff.
    for defendant: Jenness E. Parker, Bonnie W. David, Lilianna Anh P. Townsend, Trevor T. Nielsen, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA, Wilmington, DE for defendants.

    Case Number: 2020-0766-JTL

    Timing of stock transfers indicated a preplanned scheme to facilitate the parties' desired transfer of stock in violation of the court's order barring the parties from acting in concert, requiring the cancellation of legal title and a brief injunctive period.

  • In re Stream TV Networks, Inc. Omnibus Agreement Litig.

    Publication Date: 2022-10-11
    Practice Area: Corporate Governance
    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, Stephanie H. Dallaire, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE for plaintiff.
    for defendant: Jenness E. Parker, Bonnie W. David, Lilianna Anh P. Townsend, Trevor T. Nielsen, 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: 2020-0766-JTL

    Secured creditor's motion to modify injunction requiring the return of assets to debtor denied where transferee had no legal right to title to the assets, and debtor was entitled to the assets to satisfy its secured debts.

  • XRI Inv. Holdings LLC v. Holifield

    Publication Date: 2022-09-27
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: A. Thompson Bayliss, John M. Seaman, Eric A. Veres, Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; Margaret H. Allen, Yolanda C. Garcia, Angela C. Zambrano, Sidley Austin LLP, Dallas, TX for plaintiff.
    for defendant: Michael W. McDermott, Richard I. G. Jones, Jr., David B. Anthony, Zachary J. Schnapp, Berger Harris LLP, Wilmington, DE for defendants.

    Case Number: 2021-0619-JTL

    Though the LLC agreement's provisions required declaring the transfer of member interest void ab initio, case law might need to be reconsidered to allow courts of equity to consider equitable defenses to breach of contract claims.