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Publication Date: 2018-02-21
Practice Area: Business Torts | Contractual Disputes
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: David W. deBruin, Thomas I. Sheridan, III and Derek Y. Brandt for plaintiff
for defendant: Thomas A. Beck, Rachel E. Horn, Paul J. Vincenti and Elyse C. Pillitteri for defendants.
Case Number: D68051
Plaintiffs theory that defendants engaged in a conspiracy was a sham and the court did not have personal ju-risdiction over non-resident defendants.
Publication Date: 2018-01-24
Practice Area: Insurance Law | Toxic Torts
Industry: Insurance | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Marc S. Casarino, White and Williams LLP, Wilmington, DE; John S. Favate, Hardin Kundla McKeon & Poletto, P.A., Springfield, NJ, attorneys for plaintiffs
for defendant: David J. Baldwin, Jennifer C. Wasson, and Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; Kenneth H. Frenchman, McKool Smith, P.C., New York, NY; Daniel K. Hogan and Garvan F. McDaniel, Hogan McDaniel, Wilmington, DE; Sander L. Esserman, Steven A. Felsenthal, and David A. Klinger, Stutzman, Bromberg, Esserman & Plifka, Dallas, TX, attorneys for defendants.
Case Number: D68014
Plaintiffs not entitled to summary judgment for claim for breach of audit rights, where operative agreement failed to define scope of audit or describe types of information to be disclosed in an audit.
Publication Date: 2018-01-10
Practice Area: Corporate Governance | Mergers and Acquisitions
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Randall J. Baron, David T. Wissbroecker, Christopher H. Lyons and W. Scott Holleman for plaintiff
for defendant: Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk, Walter C. Carlson, Nilofer I. Umar and Elizabeth Y. Austin for de-fendant.
Case Number: D68002
A stockholder was entitled to request books and records to investigate possible breaches of fiduciary duty by corporate officers and directors where the stockholder presented some evidence of mismanagement or wrongdoing.
Publication Date: 2017-12-27
Practice Area: Contracts | Corporate Governance
Industry: Consulting | Health Care
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Stephen E. Jenkins, Richard D. Heins, Peter H. Kyle, Martin L. Seidel and Sameer Advani for plaintiffs
for defendant: Robert S. Saunders, Sarah Runnells Martin, Alyssa S. O'Connell and Matthew P. Majarian for defendant.
Case Number: D67989
Defendants agent had actual or apparent authority to bind defendant to an oral settlement agreement.
Publication Date: 2017-12-20
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: A. Thompson Bayliss and Sarah E. Hickie, Abrams & Bayliss LLP, Wilimington, DE; Jeffrey J. Bushofsky and Nicholas M. Berg, Ropes & Gray LLP, Chicago, IL, attorneys for plaintiff
for defendant: Adam Hiller, Hiller Law, LLC, Wilmington, DE; C. Mark Pickrell, The Pickrell Law Group, P.C. Nashville, TN, attorneys for defendant.
Case Number: D67975
Company entitled to summary judgment on breach claim for former officers disclosure of privileged company information, where there was no anti-dilution provision in former officers agreement for company to violate, such that former officers breach by disclosure was unexcused.
Law Journal Press | Digital Book
Authors: Gary L. Brown
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Publication Date: 2017-12-20
Practice Area: Contractual Disputes
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Kenneth J. Nachbar, Megan Ward Cascio, Lauren Neal Bennett, Thomas P. Will, Michael Carlinsky, Jonathan Pickhardt, El-lison Ward Merkel and Blair Adams for plaintiffs
for defendant: Kevin G. Abrams, J. Peter Shindel, Jr., Daniel R. Ciarrocki, Edward J. Bennett and Ava V. Baker for defendants FSAR Hold-ings, Inc.; Kevin G. Abrams, J. Peter Shindel, Jr., Daniel R. Ciarrocki, Mark A. Kirsch, Robert F. Serio, Susan E. Brune and Erin C. Dougherty for defendant Tilton.
Case Number: D67981
Proxies were invalid where they were not coupled with a beneficial interest, and their creation was inconsistent with the un-ambiguous terms of the parties transactional documents.
Publication Date: 2017-11-15
Practice Area: Contracts | Mergers and Acquisitions
Industry: Construction
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Kenneth J. Nachbar, Lauren Neal Bennett, Ira Lee Sorkin and Amit Sondhi for plaintiffs
for defendant: Brian C. Ralston, Aaron R. Sims, Kwesi Atta-Krah, Nomi L. Castle and Matthew J. Luce for defendant.
Case Number: D67937
The unambiguous terms of a merger agreement required the payment of earn-out consideration after pre-tax profit reports became binding.
Publication Date: 2017-10-25
Practice Area: Banking and Finance Laws | Contractual Disputes | Creditors' and Debtors' Rights
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Counsel: C. Barr Flinn, Emily V. Burton, Lakshmi A. Muthu, Meryem Y. Dede, Michael M. Krauss, Jane E. Maschka and Michael F. Doty for plaintiffs
for defendant: Garrett B. Moritz, Nicholas D. Mozal, Christopher D. Kercher, Marlo A. Pecora and Thomas A. Bridges for defendants.
Case Number: D67914
The provisions of a credit agreement were ambiguous with regard to certain interest payments, so the court denied a motion for partial summary judgment on that issue because extrinsic evidence was necessary. The court granted the lenders motion for partial summary judgment as to unauthorized distributions by the borrower to its affiliate.
Publication Date: 2017-10-25
Practice Area: Contracts | Contractual Disputes | Telecommunications
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Counsel: Michael W. McDermott, David B. Anthony, William M. “B.J.” Lyon, Jr. and Patricia Clotfelter for plaintiff
for defendant: Geoffrey G. Grivner for defendants.
Case Number: D67916
The court granted defendants motion for summary judgment because the unambiguous terms of the parties agreement included a waiver within the definition of maritime business. With regard to the exercise of certain options, defendants failed to timely act, so the court granted plaintiffs motion for summary judgment on that issue.
Publication Date: 2017-10-25
Practice Area: Trusts and Estates
Industry: Chemicals and Materials | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Matthew P. D'Emilio and Thomas A. Uebler, Cooch and Taylor, P.A., Wilmington, DE, attorneys for petitioner
for defendant: Robert S. Saunders, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE, attorney for respondent.
Case Number: D67912
Petition to remove trustee dismissed where friction caused by trustees exercise of discretion to deny permissive distributions did not constitute trustees unwillingness to serve or threaten its ability to administer the trust.
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