• In re: Appraisal of Stillwater Mining Co.

    Publication Date: 2019-09-04
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Samuel T. Hirzel, II, Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Lawrence M. Rolnick, Steven M. Hecht, Jonathan M. Kass and Glenn McGillivray, Lowenstein Sandler LLP, New York, NY for petitioners.
    for defendant: S. Mark Hurd and Lauren Neal Bennett, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; James R. Warnot, Jr., Adam S. Lurie, Brenda D. DiLuigi, Nicole E. Jerry and Elizabeth M. Raulston, Linklaters LLP, New York, NY for respondent.

    Case Number: D68690

    In this statutory appraisal proceeding, the court concluded that the deal price was the most persuasive indicator of fair value at the time of the merger.

  • Urdan v. WR Capital Partners, LLC

    Publication Date: 2019-09-04
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Elena C. Norman, Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Louis R. Miller, Daniel S. Mil-ler and Jeffery B. White, Miller Barondess, LLP, Los Angeles, CA for plaintiffs.
    for defendant: Kenneth J. Nachbar and Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE for defendants.

    Case Number: D68693

    A release provision in a settlement agreement was not effective to preserve plaintiffs' rights to pursue derivative or direct claims, because they had already sold their shares pursuant to separate repurchase agreements.

  • Clark v. Davenport

    Publication Date: 2019-07-31
    Practice Area: Business Torts
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Robert A. Penza and Christina M. Belitz, Polsinelli PC, Wilmington, DE for plaintiff.
    for defendant: Andrew D. Cordo, F. Troupe Mickler IV, and Hayley M. Lenahan, Ashby & Geddes, P.A., Wilmington, DE; David A. Felice, Bailey & Glasser, LLP, Wilmington, DE for defendants.

    Case Number: D68647

    Fraud claims arising from investment in business sustained where plaintiff alleged defendant made specific misrepresentations to induce plaintiff's investment.

  • Sciabacucchi v. Salzberg

    Publication Date: 2019-07-24
    Practice Area: Attorney Rates and Arrangements | Corporate Entities
    Industry: Consumer Products | Food and Beverage | Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kurt M. Heyman and Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Jason M. Leviton and Joel A. Fleming, Block & Leviton LLP, Boston, MA for plaintiff.
    for defendant: William B. Chandler III, Randy J. Holland, Bradley D. Sorrels, Lindsay Kwoka Faccenda, Boris Feldman and David J. Berger, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE and Palo Alto, CA for defendants Lake, Anderson, Gurley, Hansen, McCollam, Wood, Ahuja, Carolan, Hastings, Hendricks, Hunt, Leff, Rothrock and nominal defendants Stitch Fix, Inc. and Roku, Inc. Catherine G. Dearlove and Sarah T. Andrade, Richards, Layton & Finger, P.A., Wilmington, DE; Michael G. Bon-giorno and Timothy J. Perla, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY and Boston, MA for defendants Salz-berg, Bradley, Cool, Fox, Goodman, Hirshberg, Kelley and nominal defendant Blue Apron Holdings, Inc.

    Case Number: D68642

    The attorney fees sought by plaintiff were reasonable, so the court ordered each of the nominal defendants to pay one-third of the award.

  • AG Oncon, LLC v. Ligand Pharm. Inc.

    Publication Date: 2019-06-05
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Elena C. Norman and Daniel M. Kirshenbaum, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Keith N. Sambur, Martin G. Durkin, and Andrew T. Gillespie, Holland & Knight, LLP, New York, NY for plaintiffs
    for defendant: David E. Ross, Jr. and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Blair Connelly and Zachary L. Rowen, Latham & Watkins LLP, New York, NY for defendant.

    Case Number: D68582

    Convertible note issuer could amend indenture's conversion formula where indenture expressly authorized issuer to conform to the terms of the offering memorandum.

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  • Li v. loanDepot.com, LLC

    Publication Date: 2019-05-08
    Practice Area: Contractual Disputes
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Brett M. McCartney and Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Shawn M. Kennedy, Modera Legal, Irvine, CA for plaintiff.
    for defendant: Eric Lopez Schnabel, Alessandra Glorioso, John Baker and Bryan M. McGarry, Dorsey & Whitney LLP, Wilmington, DE and Costa Mesa, CA for defendant.

    Case Number: D68555

    A limited liability company agreement contained a forum selection clause naming the courts of another state, so the court granted defendant's motion to dismiss this Delaware proceeding.

  • In re Pilgrim's Pride Corp. Derivative Litig.

    Publication Date: 2019-03-27
    Practice Area: Corporate Governance
    Industry: Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kurt M. Heyman and Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Ja-son M. Leviton and Joel A. Fleming, Block & Leviton LLP, Boston, MA; Mark Lebovitch, Edware G. Timlin and David MacIsaac, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, Michael A. Barlow and Andrew J. Peach, Abrams & Bayliss LLP, Wilmington, DE; Mi-chael B. Carlinsky and Adam M. Abensohn, Quinn Emanuel Urquhart & Sullivan LLP, New York, NY for defendants. Kevin R. Shannon, Christopher N. Kelly and Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for nominal defendant Pilgrim's Pride Corp.

    Case Number: D68506

    Based on the company's bylaws, the court had personal jurisdiction over the parties to this dispute.

  • Terramar Retail Centers, LLC v. Marion #2-Seaport Trust U/A/D June 21, 2002

    Publication Date: 2018-12-26
    Practice Area: Discovery
    Industry: Financial Services and Banking | Retail
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kenneth J. Nachbar, Lauren Neal Bennett and Coleen W. Hill, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for plaintiff
    for defendant: Thad J. Bracegirdle of Wilks, Lukoff & Bracegirdle, LLC; Ben D. Whitwell and Melissa C. McLaughlin, Venable LLP, Los Angeles, CA for defendant.

    Case Number: D68401

    Defendant's refusal to timely comply with document production was not justified.

  • Delawareans for Educ. Opportunity v. Carney

    Publication Date: 2018-12-12
    Practice Area: Constitutional Law | Education Law
    Industry: Education
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Ryan Tack-Hooper and Karen Lantz, ACLU Foundation of Delaware, Inc., Wilmington, DE; Richard H. Morse and Brian S. Eng, Community Legal Aid Society, Inc., Wilmington, DE for plaintiffs
    for defendant: Barry M. Willoughby, Lauren E.M. Russell, Elisabeth S. Bradley, and Lauren Dunkle Fortunato, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; William W. Pepper, Sr. and Gary E. Junge, Schmittinger & Rodriguez, P.A., Dover, DE; Herbert W. Mondros and Helen Episcopo, Margolis Edelstein, Wilmington, DE; Adam Singer and Mary A. Jacobson, New Castle County Office of Law, New Castle, DE; Norman M. Monhait, Rosenthal, Monhait & Goddess, P.A., Wilmington, DE for defendants.

    Case Number: D68382

    State officials' motion to dismiss complaint alleging state failed to provide sufficient funding to disadvantaged students denied where Delaware Constitution's Education Clause required state to provide meaningful public education and judiciary was empowered to determine whether legislature's statutory scheme was unconstitutional.

  • Delawareans for Educ. Opportunity v. Carney

    Publication Date: 2018-10-17
    Practice Area: Real Estate | Tax
    Industry: Real Estate | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Ryan Tack-Hooper, Karen Lantz, Richard H. Morse and Brian S. Eng, attorneys for plaintiffs
    for defendant: Barry M. Willoughby, Kathaleen St. J. McCormick, Lauren E.M. Russell, Elisabeth S. Bradley, Lauren Dunkle Fortunato, William W. Pepper Sr., Gary E. Junge, Herbert W. Mondros, Helene Episcopo, Adam Singer and Mary A. Jacobson, attorneys for defendants.

    Case Number: D68320

    Court had jurisdiction to order equitable relief for counties' failure to collect local property taxes according to fair market values as mandamus relief was not available since there was no statutory requirement for regular scheduling of assessments and prohibitive injunctive relief was unavailable under a writ of mandamus.