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Publication Date: 2019-12-25
Practice Area: Labor Law
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: A. Thompson Bayliss and Adam K. Schulman, Abrams & Bayliss LLP, Wilmington, DE; Peter L. Welsh and Paul S. Kellogg, Ropes & Gray LLP, Boston, MA for plaintiff.
for defendant: T. Brad Davey and Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; David L. Feinberg and Fredric J. Bold, Jr., Bondurant Mixon & Elmore, LLP, Atlanta, GA for defendant.
Case Number: D68815
Former employer's amendment of breach of contract claim to remove all references to misuse of confidential information brought the claim outside the scope of the employer's indemnification obligations to its former employee for litigation that pertained to the employee's role as a director and officer.
Publication Date: 2019-12-18
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Software | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Randal J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Down LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for lead plaintiff.
for defendant: Elena C. Norman, Richard J. Thomas, Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Blair Connelly and Rachel J. Rodriguez, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo, Thomas P. Will and Corinne R. Moini, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Hurd Estate, Henley, Conrades, James, Panetta, Boskin, Berg, Garcia-Molina, Seligman, Chizen and Bingham. A. Thompson Bayliss and E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John W. Spiegel, George M. Garvey and John M. Gildersleeve, Munger, Tolles & Olson LLP, Los Angeles, CA for defendant Goldberg. Andrew S. Dupre, McCarter & English, LLP, Wilmington, DE; Robert P. Feldman and Christopher D. Kercher, Quinn Emanuel Urquhart & Sulli-van LLP, Redwood Shores, CA and New York, NY for defendant Nelson. Thomas A. Beck, Blake Rohrbacher, Susan M. Han-nigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for nominal defendant Ora-cle Corp.
Case Number: D68809
Where a special litigation committee concluded that a litigation asset should be turned over to the lead plaintiff to pursue a derivative action on behalf of the corporation, plaintiff was entitled to all relevant documents considered by the committee.
Publication Date: 2019-11-13
Practice Area: Corporate Governance
Industry: E-Commerce | Retail | Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: A. Thompson Bayliss and Adam K. Schulman, Abrams & Bayliss LLP, Wilmington, DE; Peter L. Welsh and Paul S. Kellogg, Ropes & Gray LLP, Boston, MA for plaintiff.
for defendant: T. Brad Davey and Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; Steven J. Rosenwasser and Fredric J. Bold, Jr., Bondurant Mixson & Elmore LLP, Atlanta, GA for defendants.
Case Number: D68766
Advancement mooted where former employer amended underlying breach of employment agreement claim to remove all allegations of misconduct arising from former employee's corporate role or powers.
Publication Date: 2019-11-06
Practice Area: Corporate Entities
Industry: Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, and David M. Sborz, Andrews & Springer LLC, Wilmington DE; Randall J. Baron, David. T. Wissbroecker, Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN for plaintiff.
for defendant: David E. Ross and S. Michael Sirkin, Ross Aronstam & Moritz LLP, Wilmington, DE; Peter L. Welsh, Christian Reigstad, and Mary Zhou, Ropes & Gray LLP, New York NY for defendant.
Case Number: D68759
Stockholder demonstrated entitlement to a Section 220 inspection by alleging facts sufficient to raise an inference that company used their control position to extract a unique benefit from the merger to support stockholder's claim of breach of fiduciary duties.
Publication Date: 2019-10-16
Practice Area: Class Actions
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Michael J. Barry and Michael T. Manuel, Grant & Eisenhofer P.A., Wilmington, DE; Peter B. Andrews and Craig J. Springer, Andrews & Springer LLC, Wilmington, DE; Jeremy Friedman, Spender Oster and David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY for plaintiff.
for defendant: Robert S. Saunders, Ronald N. Brown, III, Ryan M. Lindsay, Noelle M. Reed, Daniel S. Mayerfeld and Alston L. Walker, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE and Houston, TX for defendant.
Case Number: D68737
The value of a derivative claim was not material in the context of a merger, so plaintiff lacked standing in this class action.
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Publication Date: 2019-10-09
Practice Area: Corporate Governance
Industry: Agriculture | Chemicals and Materials
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Thomas E. Hanson, Jr., Barnes & Thornburg LLP, Wilmington, DE for plaintiffs.
for defendant: Blake Rohrbacher, Richards, Layton & Finger, P.A., Wilmington, DE; John F. Hartmann and Abdus Samad Pardesi, Kirkland & Ellis LLP, Chicago, IL for defendants and nominal defendant.
Case Number: D68730
A limited liability company's operating agreement waived any fiduciary duty on the part of its members, and instead imposed a good faith standard.
Publication Date: 2019-09-11
Practice Area: Contractual Disputes
Industry: Health Care | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Philip Trainer, Jr. and Aaron P. Sayers, Ashby & Geddes, Wilmington, DE; Rachel B. Cowen, Michael J. Sheehan and Emory D. Moore, Jr., McDermott Will & Emery, Chicago, IL; Christopher W. Cardwell, Gullet, Sanford, Robinson & Martin, Nash-ville, TN for plaintiff.
for defendant: Philip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; Micha Danzig, Eric J. Eastham and Paul M. Huston, Mintz Levin Cohn Ferris Glovsky & Popeo, P.C., San Diego, CA for defendant.
Case Number: D68699
Although the parties' employment contract contained a choice of law provision in favor of Delaware, another state's public policy disfavored restraints on trade, so that state had a materially greater interest than Delaware with respect to the contract's non-solicitation and non-compete provisions.
Publication Date: 2019-08-28
Practice Area: Business Torts
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: R. Judson Scaggs, Jr., Barnaby Grzaslewicz and Elizabeth A. Mullin, Morris Nichols Arsht & Tunnel, Wilmington, DE; David H. Wollmuth, R. Scott Thompson, Michael C. Ledley, Sean P. McGonigle, William A. Maher, Nicole C. Rende and Jay S. Han-dlin, Wollmuth Maher & Deutsch LLP, New York, NY for plaintiff.
for defendant: Peter J. Walsh, Jr., Jennifer C. Wasson, David A. Seal and Robert J. Kumor, Potter Anderson & Corroon LLP, Wilmington, DE; Eva W. Cole, John E. Schreiber, Molly M. Donovan, Joseph A. Litman and Mikaela E. Evans-Aziz, Winston & Strawn LLP, New York, NY for defendants.
Case Number: D68682
The chancery court, as a court of equity, could not enjoin future defamatory statements.
Publication Date: 2019-08-28
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: John L. Reed, DLA Piper LLP, Wilmington, DE for petitioner.
for defendant: Samuel A. Nolen, Richards, Layton & Finger, P.A., Wilmington, DE for respondent.
Case Number: D68680
Sophisticated stockholders could contractually waive statutory appraisal rights for a future transaction not yet contemplated where such waiver was expressly clear.
Publication Date: 2019-08-21
Practice Area: Corporate Entities
Industry: Health Care | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: David E. Ross and Bradley R. Aronstam, Ross Aronstam & Moritz LLP, Wilmington, DE; Joshua S. Amsel, Matthew R. Friedenberg, and Thomas G. James, Weil, Gotshal & Manges, LLP, New York, NY for plaintiffs.
for defendant: David E. Ross and Bradley R. Aronstam, Ross Aronstam & Moritz LLP, Wilmington, DE for receiver.
Case Number: D67675
Judicial dissolution of limited partnership granted where principal manager demonstrated unwillingness or inability to operate business based on repeated refusals to work with court-appointed receiver or comply with court orders.
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