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Publication Date: 2021-10-13
Practice Area: Health Care Law
Industry: Health Care
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Theodore A. Kittila, William E. Green, Jr., Halloran Farkas + Kittila LLP, Wilmington, DE; Ralph C. Lorigo, Law Office of Ralph C. Lorigo, West Seneca, NY for plaintiff;
for defendant: John D. Balaguer, Stephen J. Milewski, Karine Sarkisian, White and Williams LLP, Wilmington, DE for defendant.
Case Number: D69569
Court declined to order injunctive relief directing health care provider to administer treatment that did not fall within the provider's accepted standard of care for treatment of a medical condition.
Publication Date: 2021-09-22
Practice Area: Corporate Entities
Industry: Aerospace | Investments and Investment Advisory | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Richard M. Heimann, Katherine Lubin Benson, Lieff Cabraser Heimann & Bernstein, LLP, San Francisco, CA; Steven E. Fineman, Nicholas Diamond, Sean Petterson, Rhea Ghosh, Kartik S. Madiraju, Lieff Cabraser Heimann & Bernstein, LLP, New York, NY for plaintiffs.
for defendant: Blake Rohrbacher, Kevin M. Gallagher, Ryan D. Konstanzer, Richards, Layton & Finger, P.A., Wilmington, DE; Joshua Z. Rabinovitz, Kirkland & Ellis LLP, Chicago, IL for defendants.
Case Number: D69544
Demand futility sufficiently pled by alleging that directors could face substantial likelihood of liability for failure to establish reporting systems and for ignoring warning signs regarding product safety.
Publication Date: 2021-09-15
Practice Area: Mergers and Acquisitions
Industry: Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Joel Friedlander, Jeffery M. Gorris, Friedlander & Gorris, P.A., Wilmington, DE; R. Bruce McNew, Cooch & Taylor, P.A., Wilmington, DE; Randall J. Baron, David Wissbroecker, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Nashville, TN; Peretz Bronstein, Bronstein, Gewirtz & Grossman, LLC, New York, NY for plaintiff.
for defendant: A. Thompson Bayliss, April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Peter L. Welsh, Elena Weissman Davis, Ropes & Gray LLP, Boston, MA; Timothy R. Farrell, Ropes & Gray LLP, Chicago, IL; Christian Reigstad, Ropes & Gray LLP, New York, NY; Paul D. Brown, Joseph B. Cicero, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Roger A. Lane, Courtney Worcester, Holland & Knight LLP, Boston, MA; Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Bruce Birenboim, Susanna M. Buergel, Christopher L. Filburn, Paul, Weiss, Rifkind, Wharton & Garrison, LLP, New York, NY for defendants.
Case Number: D69534
Post-closing fiduciary claims against directors failed where none of the alleged omissions from the board's disclosure statement to stockholders rendered the statement deficient, such that the approval of the transaction by a majority of informed, uncoerced stockholders relieved the directors from any liability for fiduciary claims arising from the sale of the company.
Publication Date: 2021-07-28
Practice Area: Corporate Governance
Industry: Health Care
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Theodore A. Kittila, James G. McMillan, III, William E. Green, Halloran Farkas + Kittila LLP, Wilmington, DE for plaintiff.
for defendant: Stephen B. Brauerman, Sarah T. Andrade, Bayard, P.A., Wilmington, DE for defendants.
Case Number: D69483
A company adequately alleged claims for unjust enrichment and breach of fiduciary duty against former di-rectors who obtained a derivative award in favor of the company, but then failed to turn over the funds.
Publication Date: 2021-07-21
Practice Area: Business Torts
Industry: Hospitality and Lodging | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Steven T. Margolin, Lisa Zwally Brown, Samuel L. Moultrie, Greenberg Traurig, LLP, Wilmington, DE for plaintiff.
for defendant: Jason Jowers, Bayard, P.A., Wilmington, DE for defendants.
Case Number: D69474
Plaintiff stated claims for breach of an operating agreement, aiding and abetting, and breach of fiduciary duty, but the court rejected his fraud claims.
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Publication Date: 2021-06-23
Practice Area: Mergers and Acquisitions
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: John G. Harris, Richard I. G. Jones, Jr., Berger Harris LLP, Wilmington, DE; Lydia Ferrarese, Mark Weissman, Herzfeld & Rubin, P.C., New York, NY for plaintiffs.
for defendant: Philip A. Rovner, Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; John J. Kuster, Deborah R. Sands, Sidley Austin LLP, New York, NY for defendants.
Case Number: D69440
Aiding and abetting claim failed where third-party merely engaged in arms-length negotiation of purchase, and was not even initially aware of the existence of minority stockholders and simply negotiated protections for itself upon learning of their existence.
Publication Date: 2021-06-23
Practice Area: Corporate Governance
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE; Rochelle R. Koerbel, Maureen E. Sweeny, Blumling & Gusky, LLP, Pittsburg, PA for plaintiffs.
for defendant: Samuel T. Hirzel, II, Gillian L. Andrews, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for defend-ants.
Case Number: D69444
The court granted motions to dismiss as to multiple defendants for lack of personal jurisdiction.
Publication Date: 2021-06-16
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; P. Bradford deLeeuw, deLeeuw Law LLC, Wil-mington, DE; Lee Squitieri, Squitieri & Fearon, LLP, New York, NY; Jeffrey S. Abraham, Michael J. Klein, Abraham, Fruchter & Twersky LLP, New York, NY; Donald J. Enright, Elizabeth K. Tripodi, Jordan Cafritz, Levi & Korsinsky, LLP for plaintiffs.
for defendant: Edward B. Micheletti, Jenness E. Parker, of Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Scott D. Musoff, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY for defendants.
Case Number: D69435
The court granted defendants' motion to dismiss this derivative because plaintiffs failed to meet the con-temporaneous ownership requirement, so they lacked standing.
Publication Date: 2021-05-26
Practice Area: Mergers and Acquisitions
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Ned Weinberger, Mark Richardson, Labaton Sucharow LLP, Wilmington, DE; David MacIsaac, John Vielandi, Labaton Sucharow LLP, New York, NY; Chad Johnson, Noam Mandel, Desiree Cummings, Robbins Geller Rudman & Dowd LLP, New York, NY; Brian Schall, Rina Restaino, The Schall Law Firm, Los Angeles, CA for plaintiff.
for defendant: A. Thompson Bayliss, April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Alan S. Goudiss, K. Mallory Brennan, Deke Shearon Shearman & Sterling LLP; Christina Urhausen, Shearman & Sterling LLP, San Francisco, CA; Rudolf Koch, Matthew D. Perri, Andrew L. Milam, Richards, Layton & Finger, P.A., Wilmington, DE; Matthew A. Schwartz, Y. Carson Zhou, John-Francis S. Flynn, Sullivan & Cromwell LLP, New York, NY for defendants.
Case Number: D69408
Stockholder could seek entire fairness review of company sale under controller theory where investor that had formed the company continued to exercise soft power over the company's management, which allegedly prioritized the investor's interests over shareholder value during the sales process.
Publication Date: 2021-04-14
Practice Area: Business Torts
Industry: Retail
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: Sean J. Bellew, Bellew LLP, Wilmington, DE; Gerard P. Fox, Lauren M. Green, Gerard Fox Law P.C., Los Angeles, CA for plaintiffs.
for defendant: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Michael D. Wexler, Seyfarth Shaw LLP, Chicago, IL; Jessee M. Coleman, Seyfarth Shaw LLP, Houston, TX for defendants.
Case Number: D69361
Because the complaint violated the rule against claim splitting, the court granted defendants' motion to stay this state court proceeding pending the outcome of a federal court proceeding.
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