• Eagle Force Holdings, LLC v. Campbell

    Publication Date: 2019-09-11
    Practice Area: Corporate Entities
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE, Harold M. Walter and Angela D. Pallozzi, Offit Kurman, P.A., Baltimore, MD for plaintiffs.
    for defendant: David L. Finger, Finger & Slanina, LLC, Wilmington, DE, for defendant.

    Case Number: D68695

    Parties' prior practice of signing draft transaction documents to acknowledge receipt overcame presumption that signature manifested intent to be contractually bound, such that plaintiffs failed to prove defendant's intent to be bound to agreements that provided choice of forum clause.

  • GMF ELCM Fund L.P. v. ELCM HCRE GP LLC

    Publication Date: 2019-08-21
    Practice Area: Corporate Entities
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: David E. Ross and Bradley R. Aronstam, Ross Aronstam & Moritz LLP, Wilmington, DE; Joshua S. Amsel, Matthew R. Friedenberg, and Thomas G. James, Weil, Gotshal & Manges, LLP, New York, NY for plaintiffs.
    for defendant: David E. Ross and Bradley R. Aronstam, Ross Aronstam & Moritz LLP, Wilmington, DE for receiver.

    Case Number: D67675

    Judicial dissolution of limited partnership granted where principal manager demonstrated unwillingness or inability to operate business based on repeated refusals to work with court-appointed receiver or comply with court orders.

  • 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.

  • Absalom Absalom Trust v. Saint Gervais LLC

    Publication Date: 2019-07-10
    Practice Area: Corporate Entities
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Kevin R. Shannon, Christopher N. Kelly, and Jay G. Stirling, Potter Anderson & Corroon LLP, Wilmington, DE; Nathan M. Bull, Adam K. Magid, and Ailsa H. Chau, Cadwalader, Wickersham & Taft, LLP, New York, NY for plaintiff
    for defendant: Davis S. Eagle and Sean M. Brennecke, Klehr Harrison Harvey Branburg LLP, Wilmington, DE; Kenneth E. Warner, Warner Partners, P.C., New York, NY; Richard A. Greenberg, Steven Y. Yurowitz, and William J. Dobie, Newman & Greenberg LLP, New York, NY for defendant.

    Case Number: D68623

    Plaintiff lacked standing to inspect defendant LLC's books and records where defendant's operating agreement expressly limited inspection to members and stated that any unapproved transfer of membership interest or status was null and void, meaning that plaintiff could not become a member of defendant through an unapproved transfer of interest.

  • In re Facebook, Inc. Section 220 Litig.

    Publication Date: 2019-06-12
    Practice Area: Corporate Entities
    Industry: E-Commerce
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer, LLC, Wilmington, DE; Geoffrey M. Johnson, Donald A. Broggi, Scott R. Jacobsen and Jing-Li Yu, Scott+Scott Attorneys at Law LLP, Cleveland Heights, OH and New York, NY for plaintiff City of Birmingham Relief and Retirement System. Ryan M. Ernst, O'Kelly Ernst & Joyce, LLC, Wilmington, DE; Thomas J. McKenna and Gregory M. Egleston, Gainey McKenna & Egleston, New York, NY for plaintiff Lidia Levy.
    for defendant: David E. Ross and R. Garrett Rice, Ross of Aronstam & Moritz LLP, Wilmington, DE; Orin Snyder, Kristin A. Linsley, Brian M. Lutz, Paul J. Collins and Joshua S. Lipshutz, Gibson, Dunn & Crutcher LLP, New York, NY, San Francisco, CA, Palo Alto, CA and Washington, DC for defendant.

    Case Number: D68594

    Plaintiffs provided a credible basis to support their demand for corporate books and records, because they presented some ev-idence of the company's failure to ensure the privacy of users' data.

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  • Greenhouse v. Polychain Fund I LP

    Publication Date: 2019-06-12
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Joseph H. Huston, Jr. and Stacey A. Scrivani, Stevens & Lee, P.C., Wilmington, DE; Todd C. Toral and AnnaMarie A. VanHoesen, Jenner & Block LLP, Los Angeles, CA for plaintiff.
    for defendant: Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; J. Noah Hagey and Taylor Altman, Braunhagey & Borden LLP, New York, NY for defendants.

    Case Number: D68593

    A former limited partner no longer had standing to request books and records, because his interest in the company was fully redeemed at the time of the request.

  • Coyne v. Fusion Healthworks, LLC

    Publication Date: 2019-05-15
    Practice Area: Corporate Entities | Trusts and Estates
    Industry: Health Care | Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Kathleen Coyne, pro se plaintiff.
    for defendant: Josiah R. Wolcott, Connolly Gallagher LLP, Wilmington, DE for defendants.

    Case Number: D68558

    Dismissal of deceased LLC member's spouse's claim for proceeds of company-purchased life insurance policy not dismissed where LLC agreement did not terminate upon dissolution, when dissolution reasonably required member vote.

  • Freeman Family LLC v. Park Avenue Landing LLC

    Publication Date: 2019-05-15
    Practice Area: Corporate Entities
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Patricia L. Enerio and Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for plaintiff.
    for defendant: Thad J. Bracegirdle and Scott B. Czerwonka, Wilks Lukoff and Bracegirdle, LLC, Wilmington, DE; Adam K. Derman and Brian P. O'Neill, Chiesa Shahinian & Giantomasi PC, West Orange, NJ for defendant.

    Case Number: D68562

    A member of a limited liability company was functioning in its official capacity, so it was entitled to advancement and fees-on-fees under the terms of the operating agreement.

  • Smith v. Promontory Fin. Group, LLC

    Publication Date: 2019-05-15
    Practice Area: Corporate Entities
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: David A. Jenkins and Laurence V. Cronin, Smith Katzenstein & Jenkins LLP, Wilmington, DE for plaintiffs.
    for defendant: Bruce E. Jameson and Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Robert M. Cary, Alexander S. Zolan and Robert M. Belden, Williams & Connolly LLP, Washington, DC for defendants.

    Case Number: D68564

    The withdrawing member of a limited liability company was entitled to half the value of the company as of the date of with-drawal, less the amount he owed on his capital account.

  • Forman v. CentrifyHealth, Inc.

    Publication Date: 2019-05-08
    Practice Area: Corporate Entities
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Michael A. Weidinger and Joanne P. Pinckney, Pinckney, Weidinger, Urban & Joyce LLC, Wilmington, DE for plaintiff.
    for defendant: William M. Lafferty, Susan W. Waesco, and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Bruce C. Doeg, John S. Hicks, and Christopher E. Thorsen, Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, Nashville, TN for defendants.

    Case Number: D68552

    Claim to company equity dismissed pursuant to laches where company repeatedly provided plaintiff over an 11-year period with documentation explicitly demonstrating that company did not acknowledge plaintiff's ownership of the equity at issue.