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Publication Date: 2020-08-26
Practice Area: Corporate Entities
Industry: Consumer Products
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: William M. Lafferty, David J. Teklits and Lauren N. Bennett, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Bruce A. Ericson and Colin T. Kemp, Pillsbury Winthrop Shaw Pittman LLP, San Francisco, CA for plaintiffs.
for defendant: Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; David Wales and Thomas G. James, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Francis A. Bottini, Jr. , Bottini & Bottini, Inc., La Jolla, CA for defendant.
Case Number: D69098
A stockholder was not entitled to request books and records pursuant to another state's laws, because the internal affairs doctrine provided that Delaware law governed inspection rights for companies incorporated in that state.
Publication Date: 2020-08-19
Practice Area: Corporate Entities
Industry: Entertainment and Leisure
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Richard L. Abbot, Abbott Law Firm, Wilmington, DE for plaintiff.
for defendant: Michael A. Weidinger, Pinckney, Weidinger, Urban & Joyce LLC, Greenville, DEfor defendants.
Case Number: D69089
A former member of a limited liability company lacked standing to pursue a derivative claim for breach of fiduciary duty.
Publication Date: 2020-07-15
Practice Area: Contracts
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: William D. Sullivan, Sullivan Hazeltine Allinson LLC, Wilmington, DE; Philip S. Rosenzweig, Silverang, Rosenzweig & Haltzman, LLC, King of Prussia, PA for plaintiffs.
for defendant: R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE for defendants.
Case Number: D69050
The record provided evidence which could support the existence of an enforceable oral contract, so the court denied defendants' motion for summary judgment.
Publication Date: 2020-06-24
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Ned Weinberger, Derrick Farrell, Mark Richardson, Thomas Curry and Dominic Minerva, Labaton Sucharow LLP, Wilmington, DE and New York, NY; David M. Cooper, Silpa Maruri, Dominic Pody and James Meehan, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Peter B. Andrews, Craig J. Springer and David Sborz, Andrews & Springer LLC, Wilmington, DE; Chad Johnson and Noam Mandel, Robins Geller Rudman & Dowd LLP, New York, NY; Jeremy S. Friedman and David F.E. Tejtel. Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiffs.
for defendant: Gregory P. Williams, John D. Hendershot and Susan M. Hannigan, Richards, Layton & Finger, P.A., Wilmington, DE; John L Latham, Cara M. Peterman and Gidon M. Caine, Charles W. Cox, Alston & Bird LLP, Atlanta, GA, Palo Alto, CA and Los Angeles, CA for defendants Dell, Durban, Patterson and Kullman. Martin S. Lessner, Elena C. Norman, James M. Yoch, Jr. and Lauren Dunkle Fortunato, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; James G. Kreissman, Stephen P. Blake and David Elbaum, Simpson Thacher & Bartlett LLP, New York, NY for defendant Silver Lake Group LLC. Kevin G. Abrams, Michael A. Barlow and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Michele D. Johnson, Kristin N. Murphy and Ryan A. Walsh, Latham & Watkins LLP, Costa Mesa, CA for defendants Green and Dorman.
Case Number: D69027
Plaintiffs alleged sufficient facts to trigger the entire fairness standard of review, so the court denied defen-dants' motion to dismiss.
Publication Date: 2020-06-03
Practice Area: Contracts
Industry: Cargo and Shipping | Transportation
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Jody C. Barillare and Amy M. Dudash, Morgan, Lewis & Bockius LLP, Wilmington, DE; Michael D. Blanchard, Morgan, Lewis & Bockius, LLP, Hartford, CT; Julie S. Goldemberg, Morgan, Lewis & Bockius LLP, Philadelphia, PA for plaintiffs.
for defendant: Jonathan M. Stemerman, Elliott Greenleaf, P.C., Wilmington, DE; Thomas J. Elliott, Frederick P. Santarelli, Jack P. Elliott, and Colin J. O’Boyle, Elliott Greenleaf, P.C., Blue Bell, PA for defendant.
Case Number: D69000
Injunctive relief granted to preserve the status quo ante and prevent defendant from resorting to measures to force plaintiff to capitulate before a court could resolve the parties' dispute.
Law Journal Press | Digital Book
Authors: Shari L. Klevens, Alanna G. Clair
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Publication Date: 2020-03-18
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: David J. Margules, Elizabeth A. Sloan, and Brittany M. Giusini, Ballard Spahr LLP, Wilmington, DE; Wallace G. Hilke, Mark S. Enslin, Ballard Spahr LLP, Minneapolis, MN; Jeffrey S. Cianciulli, Weir & Partners, Wilmington, DE; Peter N. Kessler, Kutak Rock LLP, Philadelphia, PA for plaintiffs.
for defendant: John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Marc R. Rosen, Joshua K. Bromberg, Kleinberg, Kaplan, Wolff & Cohen, P.C., New York, NY; William B. Chandler III, Bradley D. Sorrels, Shannon E. German, Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE, attorneys for defendants.
Case Number: D68910
Derivative fraud and unjust enrichment claims dismissed as duplicative of plaintiffs' direct claims for breach of fiduciary duties and conversion.
Publication Date: 2020-02-26
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; D. Seamus Kaskela, Kaskela Law LLC, Newtown Square, PA for plaintiff.
for defendant: Gregory P. Williams and Brock E. Czeschin, Richards, Layton & Finger, P.A., Wilmington, DE; Rachelle Silverberg, Caitlin A. Donovan and Drew C. Harris, Wachtell, Lipton, Rosen & Katz, New York, NY for defendants Metcalf, Riley, Affeldt, Kremer, Martinez, Ball, Forbes, Holland and nominal defendant NCI Building Systems. David J. Teklits and Thomas P. Will, Morris, Nichols, Arsht & Tunnell, LLP, Wilmington, DE; Shannon Rose Selden, Susan R. Gittes and Zachary H. Saltzman, Debevoise & Plimpton LLP, New York, NY for defendants Sleeper, VanArsdale, Zrebiec, Berges and Clayton, Dubilier & Rice.
Case Number: D68892
Plaintiff alleged sufficient facts that one of the defendants was a controlling shareholder. The court dismissed several individual defendants based on an exculpation clause, but it declined to dismiss claims as to other individual defendants.
Publication Date: 2019-12-18
Practice Area: Trusts and Estates
Industry: Financial Services and Banking | Legal Services
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Richard L. Renck, Oderah C. Nwaeze and Jocelyn M. Borowsky, Duane Morris LLP, Wilmington, DE for petitioner.
for defendant: Jeffrey S. Goddess, Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Michael H. Friedman, Kurzman Eisenberg Corbin & Lever, LLP, White Plains, NY for respondent Hadley Fisher. Christopher P. Simon and Kevin S. Mann, Cross & Simon LLC, guardian ad litem for Michael Fisher.
Case Number: D68810
A trust beneficiary was entitled to the production of documents relating to a trustee's communications with counsel regarding trust administration.
Publication Date: 2019-11-06
Practice Area: Corporate Governance
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: S. Michael Sirkin, Benjamin Z. Grossberg and R. Garret Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Jonathan D. Schiller, Christopher D. Belelieu, Karen A. Chesley and Gary R. Studen of Boies Schiller Flexner LLP, New York, NY for plaintiff.
for defendant: Michael A. Pittenger, Timothy R. Dudderar, Mathew A. Golden and David M. Hahn, Potter Anderson & Corroon LLP, Wil-mington, DE; Kenneth B. Black, Lauiren A. Shurman and Wesley F. Harward of Stoel Rives LLP, Salt Lake City, UT for de-fendant.
Case Number: D68764
Company breached a preferred stockholder's rights by changing its business plan and entering into a settlement with an inter-ested party without first obtaining the necessary consent from the preferred stockholder.
Publication Date: 2019-10-23
Practice Area: Corporate Entities
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: A. Thompson Bayliss, J. Peter Shindel, Jr., Abrams & Bayliss LLP, Wilmington, DE for plaintiffs.
for defendant: Srinivas M. Raju, Blake Rohrbacher, and Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Rolin P. Bissell, Young, Conaway, Stargatt & Taylor LLP, Wilmington, DE; Raniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Lawrence Portnoy, Charles S. Duggan, Gina Cora, Davis Polk & Wardwell LLP, New York, NY; Stephen P. Lamb, Andrew G. Gordon, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for defendants.
Case Number: D68744
Unitholders plausibly pled general partner's breach of partnership agreement by alleging general partner failed to follow provisions governing resolution of conflict of interest created by general partner's exercise of call right for publicly traded common units.
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