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Publication Date: 2021-11-16
Practice Area: Corporate Entities
Industry: Chemicals and Materials | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Mark Lebovitch, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Robert D. Klausner, Stuart A. Kaufman, Klausner Kaufman Jensen & Levinson, Plantation, FL; Gustavo F. Bruckner, Daryoush Behbood, Pomerantz LLP, New York, NY; Kip B. Shuman, Shuman, Glenn & Stecker, San Francisco, CA; Rusty E. Glenn, Shuman, Glenn & Stecker, Denver, CO; Brett D. Stecker, Shuman, Glenn & Stecker, Ardmore, PA for plaintiffs.
for defendant: Joel Friedlander, Jeffrey Gorris, Christopher Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Jonathan M. Moses, Ryan A. McLeod, Justin L. Brooke, Wachtell, Lipton, Rosen & Katz, New York, NY for defendants.
Case Number: D69607
Plaintiffs failed to allege sufficient facts to support claim of demand futility because it could not show that officers and directors faced substantial liability for approving stock repurchases and dividend payments. Motion to dismiss granted.
Publication Date: 2021-10-27
Practice Area: Land Use and Planning
Industry: Real Estate | State and Local Government
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Richard A. Forsten, Pamela J. Scott, Elizabeth S. Fenton, Saul Ewing Arnstein & Lehr LLP, Wilmington, DE for plaintiff.
for defendant: Max B. Walton, Lisa R. Hatfield, Connolly Gallagher LLP, Newark, DE for defendant.
Case Number: D69584
Plaintiff did not reasonably rely on previous city ordinances such that his rights did not become vested.
Publication Date: 2021-10-06
Practice Area: Contracts
Industry: Distribution and Wholesale | Manufacturing | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: A. Thompson Bayliss, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Paul J. Loh, Jason H. Wilson, Eileen M. Ahern, Amelia L.B. Sargent, Kenneth M. Trujillo-Jamison, Willenken LLP, Los Angeles, CA for plaintiff.
for defendant: Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk, IV, Potter Anderson & Corroon LLP, Wilmington, DE; Fred A. Kelly, Jr., Joshua S. Barlow, and Tiffany Jang, Haug Partners LLP, Boston, MA; David A. Zwally, Mark Basanta, Haug Partners LLP, New York, NY; Christopher Gosselin, Haug Partners LLP, Washington, DC for defendant.
Case Number: D69558
Pharmaceutical manufacturer breached supply agreement where its failure to maintain good manufacturing practices caused a shutdown of its production facility, leaving it unable to fulfill firm orders submitted by customer, which manufacturer was required to timely fill.
Publication Date: 2021-10-06
Practice Area: Contractual Disputes
Industry: Health Care | Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Daniel E. Ross, Bradley R. Aronstam, Ross Aronstam & Moritz, Wilmington, DE; Joshua S. Amsel, Matthew R. Friedenberg, Weil, Gotshal & Manges LLP, New York, NY for plaintiffs.
for defendant: Joseph H. Huston, Jr., Stevens & Lee P.C., Wilmington, DE; Robert K. Keach, Bernstein, Shur, Sawyer & Nelson, Portland, ME for receiver. Ryan P. Newell, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for nominal defendants.
Case Number: D69561
Claimant was entitled to indemnification of his litigation expenses, and the court granted his motion to intervene because he had a valid property interest which was not adequately protected by existing parties.
Publication Date: 2021-09-29
Practice Area: Trusts and Estates
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Charles J. Durante, Scott E. Swenson, Shaun Michael Kelly, Connolly Gallagher LLP, Wilmington, DE for petitioner.
for defendant: Jason C. Powell, Thomas J. Reichert, The Powell Firm, LLC, Wilmington, DE for respondents.
Case Number: D69550
The law of decedent's domicile applied with respect to the proceeds of her two individual insurance policies, but Delaware law applied to a group policy.
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Publication Date: 2021-09-15
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, Stephen D. Dargitz, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Eric L. Zagar, J. Daniel Albert, Justin O. Reliford, Christopher M. Windover, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiff.
for defendant: William B. Chandler III, Bradley 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, Daniel T. Menken, Morris Nichols Arsht & Tunnel, LLP, Wilmington, DE; Danny David, Amy Pharr Hefley, Baker Botts L.L.P., Houston, TX; Bradley R. Aronstam, Adam D. Gold, Anthony M. Calvano, Ross Aronstam & Moritz, Wilmington, DE for defendants.
Case Number: D69535
Business judgment review at the pleadings stage denied where minority stockholders were not informed that controller standing on both sides of cash-out merger transaction had also participated in an arbitration that would affect the value assets that made up a critical component of the company's overall value, thereby supporting an inference that the stockholder approval was uninformed.
Publication Date: 2021-08-18
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: R. Bruce McNew, Cooch and Taylor, P.A., Wilmington, DE for plaintiffs.
for defendant: David A. Dorey, Blank Rome LLP, Wilmington, DE; Christopher M. Mason, Nixon Peabody LLP, New York, NY; Carolyn G. Nussbaum, Nixon Peabody LLP, Rochester, NY for defendants.
Case Number: D69502
Common interest doctrine could not support privilege for withheld documents that were shared by controlling stockholder and company chairman/president/CEO where evidence demonstrated that the controller also was acting to benefit his other controlling stockholder family members through the proposed self-tender transaction.
Publication Date: 2021-08-04
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Eric M. Andersen, Andersen Sleater Sianni LLC, Wilmington, DE for plaintiffs.
for defendant: Stephen L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE for defendant.
Case Number: D69488
Standard of review of a shareholders' representative's actions was subjective good faith where the representative was not a corporate fiduciary but instead was contractually limited to only take those actions the representative considered necessary to carry out the company's contractual obligations.
Publication Date: 2021-07-14
Practice Area: Corporate Entities
Industry: Financial Services and Banking | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Stephen C. Norman, Aaron R. Sims, Potter Anderson & Corroon LLP, Wilmington, DE; David G. Januszewski, Sheila C. Ramesh, Cahill Gordon & Reindel LLP, New York, NY for plaintiff.
for defendant: James M. Yoch, Jr., Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Kevin C. Maclay, Todd E. Phillips, Quincy M. Crawford, Nathaniel R. Miller, Caplin & Drysdale, Chartered, Washington, DC; William M. Kelleher, Phillip A. Giordano, Gordon Fournaris & Mammarella, P.A., Wilmington, DE; Ira S. Zaroff, Richard M. Zaroff, Zaroff & Zaroff LLP, Garden City, NY; P. Clarkson Collins, Jr., K. Tyler O’Connell, Albert J. Carroll, R. Eric Hacker, Damon B. Ferrara, Morris James LLP, Wilmington, DE for defendants.
Case Number: D69464
Transfer of an ownership interest in a Delaware entity by itself was insufficient to constitute sufficient minimum contacts to support the exercise of long-arm jurisdiction over the foreign transferor and transferee.
Publication Date: 2021-07-14
Practice Area: Corporate Entities
Industry: Mining and Resources
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Julia B. Klein, Klein LLC, Wilmington, DE for plaintiff.
for defendant: Matthew F. Davis, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; Stephen M. Baldini, Brian Carney, Stephanie Lindemuth, Akin Gump Strauss Hauer & Feld LLP, New York, NY for defendant.
Case Number: D69462
Breach of contract, breach of fiduciary duty, and conversion claims, arising from debtor's failure to exercise his rights to receive distribution pursuant to bankruptcy court order, failed where debtor had not identified a contract or fiduciary duty for defendants to ensure he had notice of the condition precedent to debtor receiving the distribution.
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