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  • In re Essendant, Inc. Stockholder Litig.

    Publication Date: 2020-01-15
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Juan E. Monteverde and Miles D. Schreiner, Monteverde & Associates PC, New York, NY; Donald J. Enright and Elizabeth K. Tripodi, Levi & Korsinsky, LLP, Washington, DC for plaintiffs.
    for defendant: Robert S. Saunders, Arthur R. Bookout, and Lilianna Anh P. Townsend, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Gregory P. Williams, Lisa A. Schmidt, Matthew D. Perri, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; and Matthew Solum, P.C., and Ian Spain, of Kirkland & Ellis LLP, New York, NY for defendants.
    Case Number: D68839

    Stockholders' breach of fiduciary duty claims arising from board's rejection of existing merger agreement in favor of all-cash acquisition offer dismissed where stockholders failed to make prima facie case of board's breach of the duty of loyalty and where acquirer's stake in the company was insufficient to make it a controlling stockholder for the purposes of an aiding and abetting claim.

  • Southeastern Pennsylvania Transp. Auth. v. Facebook, Inc.

    Publication Date: 2019-11-20
    Practice Area: Corporate Governance
    Industry: E-Commerce | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Robert J. Kriner, Jr., Scott M. Tucker, Tiffany J. Cramer and Vera G. Belger, Chimicles Schwartz Kriner & Donaldson-Smith LLP, Wilmington, DE for plaintiffs.
    for defendant: David E. Ross and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE for defendant.
    Case Number: D68777

    Plaintiffs were not entitled to corporate books and records because they failed to demonstrate a credible basis to infer corporate wrongdoing.

  • PPL Corp. v. Riverstone Holdings LLC

    Publication Date: 2019-11-06
    Practice Area: Contractual Disputes
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Paul J. Lockwood, Robert A. Weber, Nicole A. DiSalvo, Skadden Arps, Slate, Meagher & Flom, Wilmington, DE; George A. Zimmerman, Jonathan Frank, Tansy Woan, Andrew N. Goldman and Charles C. Platt, Skadden Arps, Slate, Meagher & Flom, New York, NY for PPL plaintiffs.
    for defendant: Thomas G. Macauley, Macauley LLC, Wilmington, DE; Joshua L. Siefert of Joshua L. Siefert PLLC, New York, NY for plaintiff Farr. Rolin P. Bissell and James M. Yoch, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Melissa L. James and Devin L. Kerns, Vinson & Elkins LLP, Dallas, TX for Riverstone, Raven Power, C/R Energy and Sapphire Power defendants. David E. Ross and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Karl Stern and Kate K. Shih, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Andrew J. Rossman, Quinn Emanuel Urquhart & Sullivan, LLP, New York NY; Adam B. Wolfson of Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for Talen defendants.
    Case Number: D68763

    The court denied defendant's motion to dismiss or stay this action, because the agreement at issue contained a Delaware fo-rum selection clause.

  • Tornetta v. Musk

    Publication Date: 2019-10-09
    Practice Area: Corporate Governance
    Industry: Automotive
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman, Spen-cer Oster and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, New York, NY for plaintiff.
    for defendant: David E. Ross, Garrett B. Moritz and Benjamin Z. Grossberg, Ross Aronstam & Moritz LLP, Wilmington, DE; William Savitt, Anitha Reddy and Noah B. Uavitz, Wachtell, Lipton, Rosen & Katz, New York, NY for defendants and nominal defendant.
    Case Number: D68733

    An executive compensation decision was subject to review under the entire fairness standard, because the beneficiary was a controlling shareholder.

  • Genuine Parts Co. v. Essendant Inc.

    Publication Date: 2019-09-25
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Kenneth J. Nachbar, William M. Lafferty, and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Richard T. Marooney, Israel Dahan, and Peter Isajiw, King & Spalding LLP, New York, NY; Jeremy M. Bylund, King & Spalding LLP, Washington, DC for plaintiff.
    for defendant: Gregory P. Williams, Lisa A. Schmidt, Matthew D. Perri, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Matthew Solum and Ian Spain, Kirkland & Ellis LLP, New York, NY for defendant.
    Case Number: D68712

    Counterparty in merger agreement was entitled to pursue a breach of contract claim despite accepting contractual termination fee where counterparty alleged that terminating party had breached the non-solicitation provisions by inviting a superior offer from a competing bidder.

  • Law Journal Press | Digital Book

    Library of Pennsylvania Family Law Forms, Fourth Edition

    Authors: Joseph S. Britton

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  • Wenske v. Blue Bell Creameries, Inc.

    Publication Date: 2019-09-11
    Practice Area: Corporate Governance
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Jessica Zeldin, Monhait & Goddess, P.A., Wilmington, DE; Scott G. Burdine and Davie E. Wynne, Burdine Wynne LLP, Hou-ston, TX for plaintiffs.
    for defendant: Timothy R. Dudderar, Potter Anderson & Corroon LLP, Wilmington, DE for defendants Blue Bell Creameries, U.S.A., Inc., Jim Kruse, Howard Kruse, Dickson, Rankin, Markwardt, Barhill, Ehlert, MacInerney and Ryan. Srinivas M. Raju and Kelly L. Freund, Richards, Layton & Finger, P.A., Wilmington, DE for defendants Bridges and Paul Kruse. Paul A. Fioravanti, Jr. and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Hugh C. Connor II, Michael D. Anderson and Caleb B. Bulls, Kelly Hart & Hallman, LLP, Fort Worth, TX for defendants Blue Bell Creameries, Inc. and Blue Bell Creameries, U.S.A., Inc. Joseph B. Cicero and Gregory E. Stuhlman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE for Blue Bell Creameries L.P. Michael J. Maimone and Jospeh C. Schoell, Drinker Biddle and Reath LLP, Wilmington, DE for Special Litig. Comm. of Blue Bell Creameries, L.P.
    Case Number: D68701

    Agency principles prevented a special litigation committee from having authority to manage this derivative litigation, because the court had previously held that the sole general partner which created the committee had a disabling interest.

  • Kotler v. Shipman Assoc., LLC

    Publication Date: 2019-09-04
    Practice Area: Contractual Disputes
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: A. Thompson Bayliss, Adam K. Schulman and Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; Steve Wolosky and Renée M. Zaytsev, Olshan Frome Wolosky LLP, New York, NY for plaintiff.
    for defendant: Blake Rohrbacker, Kevin M. Gallagher, John M. O’Toole and Ryan D. Konstanzer, Richards Layton & Finger, P.A., Wilming-ton, DE for defendant.
    Case Number: D68691

    The parties failed to reach a meeting of the minds regarding a material term of their contract, so the court decided in favor of defendant on plaintiff's breach of contract claim.

  • Western Standard, LLC v. SourceHOV Holdings, Inc.

    Publication Date: 2019-08-07
    Practice Area: Contractual Disputes
    Industry: E-Commerce | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Matthew W. Murphy and Anthony M. Calvano, Richards, Layton & Finger, P.A., Wilmington, DE; Samuel J. Lieberman, Sadis & Goldberg LLP, New York, NY for plaintiff.
    for defendant: T. Brad Davey, Matthew F. Davis and Kody M. Sparks, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.
    Case Number: D68660

    Contractual ambiguity prevented the court from dismissing plaintiff's claim for enforcement of an earn-out provision.

  • In re: Appraisal of Jarden Corp.

    Publication Date: 2019-07-31
    Practice Area: Mergers and Acquisitions
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Stuart M. Grant, Cynthia M. Calder, Kimberly A. Evans, Kelly L. Tucker and Vivek Upadhya, Grant & Eisenhofer P.A., Wil-mington, DE for petitioners.
    for defendant: Srinivas M. Raju, Brock E. Czeschin, Robert L. Burns, Sarah A. Clark and Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Walter W. Davis, Michael J. McConnell and Robert A. Watts, Jones Day, Atlanta, GA for Jarden Cor-poration.
    Case Number: D68650

    In this statutory appraisal matter, the court made its own independent discounted cash flow analysis to arrive at the fair val-ue of petitioners' shares as of the merger date.

  • Perlman v. Vox Media, Inc.

    Publication Date: 2019-07-17
    Practice Area: Business Torts
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Matthew E. Fischer, Jacob R. Kirkham and Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE for plain-tiffs.
    for defendant: Peter L. Frattarelli, Archer & Greiner, P.C., Wilmington, DE; James Rosenfeld and Jeremy A. Chase, Davis Wright Tremaine LLP, New York, NY for defendant.
    Case Number: D68634

    The Court of Chancery lacked subject matter jurisdiction to adjudicate defamation claims, so the court granted defendant's motion for summary judgment, subject to plaintiff's right to transfer the case to Superior Court.