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  • Glen Allen Farm, LLC v. New Castle County

    Publication Date: 2020-10-14
    Practice Area: Public Utilities
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Sidney S. Liebesman, E. Chaney Hall, Wali W. Rushdan, Fox Rothschild LLP, Wilmington, DE for petitioner.
    for defendant: Max B. Walton, Lauren P. DeLuca, Connolly Gallagher LLP, Wilmington, DE; Brian J. Merritt, New Castle County Office of Law, New Castle, DE for respondents.
    Case Number: D69150

    Petitioner's effort to enforce, as a third-party beneficiary, a settlement agreement to provide sewer service dismissed as unripe where petitioner had failed to exhaust its administrative remedies with the county by requesting service and where any ruling would merely be advisory in nature as the required contingencies under the settlement had not yet been met.

  • Fannin v. UMTH Land Dev., L.P.

    Publication Date: 2020-09-16
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Robert J. Kriner, Jr. and Tiffany J. Cramer, Chimicles Schwartz Kriner & Donaldson-Smith LLP, Wilmington, DE for plaintiffs.
    for defendant: Steven L. Caponi, K&L Gates LLP, Wilmington, DE; John W. Rotunno, Paul J. Walsen, Joseph C. Wylie II, Molly K. McGinley, Matthew A. Alvis, K&L Gates LLP, Chicago, IL; Myron T. Steele, Timothy R. Dudderar, Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.
    Case Number: D69118

    Limited partners' fiduciary claims survived dismissal where limited partners could rely on misleading disclosures regarding challenged transactions, where the general partners and controllers failed to eliminate fiduciary duties from the partnership agreement, and where general partner's financial interest in challenged transactions was sufficient to establish demand futility.

  • Swipe Acquisition Corp. v. Krauss

    Publication Date: 2020-09-09
    Practice Area: Deals and Transactions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: David E. Ross and S. Michael Sirkin, Ross Aranstam & Moritz LLP, Wilmington, DE; Michael Farhang, Ari Lanin and Samuel A. Spears, Gibson, Dunn & Crutcher LLP, Los Angeles, CA for plaintiff.
    for defendant: Michael F. Bonkowski, Cole Schotz, P.C., Wilmington, DE; Kevin A. Reck, Kara M. Wick and Emily Lang, Foley & Lardner LLP, Orlando, FL; Louis J. Rizzo, Jr., Reger Rizzo & Darnell LLP, Wilmington, DE; William E. Shmidheiser, III, Flora Pettit, Harrisonburg; Raymond H. Lemisch, Klehr, Harrison, Harvey & Branzburg LLP, Wilmington, DE for defendants.
    Case Number: D69114

    Buyers stated claims for breach of contract, indemnity and fraud in connection with the sale of a business, because sellers failed to disclose important customer information.

  • Fannin v. UMTH Land Dev. L.P.

    Publication Date: 2020-08-19
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Robert J. Kriner, Jr. and Tiffany J. Cramer, Chimicles Schwartz Kriner & Donaldson-Smith LLP, Wilmington, DE for plaintiffs.
    for defendant: Steven L. Caponi, K&L Gates LLP, Wilmington, DE; John W. Rotunno, Paul J. Walsen, Joseph C. Wylie II, Molly K. McGinley, Matthew A. Alvis, K&L Gates LLP, Chicago, IL; Myron T. Steele, Timothy R. Dudderar, Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.
    Case Number: D69086

    Court declined to dismiss breach of fiduciary duty claims where general partner and controller affiliates had not removed fiduciary duties from the partnership agreement and where plaintiffs were entitled to rely on disclosures related to challenged transactions and thus were not on inquiry notice of their claims.

  • Schneider Nat'l Carriers, Inc. v. Kuntz

    Publication Date: 2020-07-29
    Practice Area: Contractual Disputes
    Industry: Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Michael A. Pittenger and Caneel Radinson-Blasucci, Potter, Anderson & Corroon LLP, Wilmington, DE; Locke Beatty, Brian Riopelle and Heryka R. Knoespel, McGuire Woods LLP, Raleigh, NC for plaintiff.
    for defendant: John M. Seaman and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Anthony S. Fiotto and Kate E. MacLeman Goodwin Proctor LLP, Boston, MA for defendant.
    Case Number: D69068

    Factual issues regarding the parties' obligations under an asset purchase agreement and conflicting testimony about the parties' negotiations precluded summary judgment.

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  • Stone & Paper Investors, LLC v. Blanch

    Publication Date: 2020-07-15
    Practice Area: Corporate Governance
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Richard I.G. Jones, Jr., Berger Harris LLP, Wilmington, DE; David Lackowitz, Zaid Shukri, Moses & Singer LLP, New York, NY for plaintiff.
    for defendant: Catherine Damavandi, Nurick Law Group, LLC for Blanch, Red Bridge and Clovis Holdings defendants. Evan O. Williford, The Williford Firm LLC, Wilmington, DE for Skinner defendants.
    Case Number: D69052

    Defendants adequately alleged counterclaims for breach of contract and unjust enrichment, but the court granted plaintiff's motion to dismiss the remainder of the counterclaims.

  • In re: Morrow Park Holding LLC

    Publication Date: 2020-07-08
    Practice Area: Corporate Entities
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Brian E. Farnan and Michael J. Farnan, Farnan LLP, Wilmington, DE; Marc L. Newman, Christopher D. Kaye and Mahde Y. Abdallah, The Miller Law Firm, P.C., Rochester, MI for plaintiffs.
    for defendant: Richard P. Rollo, Travis S. Hunter, Angela Lam and John T. Miraglia, Richards, Layton & Finger, P.A., Wilmington, DE; Alan S. Loewinsohn and Kerry Schonwald, Loewinsohn Flegle Deary Simon LLP, Dallas, TX for defendants.
    Case Number: D69042

    In this dispute among the developers of an apartment complex, the court found that the majority of issues required a more detailed factual record, so it denied most of the parties' cross-motions for summary judgment.