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Publication Date: 2019-04-10
Practice Area: Corporate Entities | Dispute Resolution
Industry: Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Michael W. McDermott and David B. Anthony, Berger Harris LLP, Wilmington, DE; Benjamin C. Curcio, Paul F. Campano, Jessica A. Tracy, Michael D. Zahler, and Jason S. Haller Curcio Mirzaian Sirot LLC, Roseland, NJ for plaintiffs.
for defendant: Garrett B. Moritz and Bejamin Z. Grossberg, Ross Aronstam & Moritz LLP, Wilmington, DE; Andrew E. Anselmi and Zachary D. Wellbrock, McCusker, Anselmi, Rosen & Carvelli, P.C., Florham Park, NJ; Samuel T. Hirzel, II and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Andrew D. Cordo and F. Troupe Mickler IV, Ashby & Geddes, Wilmington, DE; Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Brian A. Herman, Morgan, Lewis & Bockius LLP, New York, NY; Ryan P. Newell and Lauren P. DeLuca, Connolly Gallagher, LLP, Wilmington, DE; Phillip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.
Case Number: D68518
Claims for breach of restrictive covenants were stayed pending arbitration on the issue of arbitrability given the broad scope of the covenants' arbitration clauses, but dismissed where the court lacked jurisdiction over defendants who did not qualify as a "manager" of the domestic LLC.
Publication Date: 2019-04-03
Practice Area: Corporate Entities
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: C. Barr Flinn, Emily V. Burton, and Daniel Kirshenbaum, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael J. Bowe, Alexander B. Simkin, and John A. Dunn, Kasowitz Benson Torres LLP, New York, NY for plaintiff.
for defendant: Ryan P. Newell, Kyle Evans Gay, and Shaun Michael Kelly, Connolly Gallagher LLP, Wilmington, DE; Stan Chelney and Philipp Smaylovsky, Chelney Law Group PLLC, New York, NY for defendants.
Case Number: D68512
Reformation of LLCs agreements denied where there was no clear and convincing evidence the language of the agreements failed to reflect the members' true intent or that the non-moving party knew the agreements failed to reflect the parties' intent and failed to inform his fellow members.
Publication Date: 2019-02-13
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Strine
Attorneys: For plaintiff: Bartholomew J. Dalton and Michael C. Dalton, Dalton & Assoc., P.A., Wilmington, DE; Barry S. Simon, Jonathan B. Pitt and Stephen L. Wohlgemuth, Williams & Connolly LLP, Washington, DC for plaintiff.
for defendant: Blake Rohrbacher, Kevin M. Gallagher and Kelly L. Freund, Richards, Layton & Finger, P.A., Wilming-ton, DE; Kevin J. Orsini and Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY for defendant.
Case Number: D68458
The chancery court abused its discretion in refusing to allow a shareholder to inspect emails under a §220 books and records, request, because the corporation did not have any formal documents relating to the amend-ment of an investors' rights agreement.
Publication Date: 2019-02-13
Practice Area: Contractual Disputes | Corporate Entities | Insurance Litigation
Industry: Insurance | Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: Brian M. Rostocki and Benjamin P. Chapple, Reed Smith LLP, Wilmington, DE, and Robin L. Cohen and Keith McKenna, McKool Smith, P.C., New York, NY for plaintiffs.
for defendant: John C. Phillips, Jr. and David A. Bilson, Phillips, Goldman, McLaughlin & Hall, P.A., Wilmington, DE; Alexander R. Karam and Addison Draper, Clyde & Co US LLP, Washington, DC; Henry duPont Ridgely, John L. Reed, and Ethan H. Townsend, DLA Piper LLP, Wilmington, DE; Joseph G. Finnerty III, Megan Shea Harwick, and Eric S. Connuck, DLA Piper, LLP, New York, NY; Timothy Jay Houseal and Jennifer M. Kinkus, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; and Charles C. Lemley, Wiley Rein LLP, Washington, DC for defendants.
Case Number: D68455
Insurers were granted partial summary judgment on insureds' declaratory judgment action for defense costs, where underlying action alleged individual defendant committed wrongful acts within scope of official capacity, but did not constitute securities claim because it was brought by shareholders of separate spin-off company.
Publication Date: 2019-02-13
Practice Area: Corporate Entities | Environmental Law
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Montgomery-Reeves
Attorneys: For plaintiff: Theodore A. Kittila, Halloran Farkas & Kittila LLP, Wilmington, DE; Gregory M. Nespole and Correy A. Kamin, Wolf HaldensteinAdler Freeman & Herz LLP, New York, NY for plaintiff.
for defendant: Srinivas M. Raju and Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Michael C. Holmes, Craig E. Zieminski, Kimberly R. McCoy, and Jeffrey Crough, Vinson & Elkins LLP, Dallas, TX for defendants.
Case Number: D68456
Derivative complaint dismissed for failure to make demand, where demand would not be futile as a majority of directors were disinterested and independent as nominal defendant's partnership agreement eliminated the directors' personal liability.
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Publication Date: 2019-02-06
Practice Area: Corporate Entities | Discovery
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: James D. Taylor, Jr., Saul Ewing Arnstein & Lehr LLP, Wilmington, DE; Michael C. Manning, Jeffrey J. Goulder, Stefan M. Palys, and Christy M. Milliken, Stinson Leonard Street LLP, Phoenix, AZ for plaintiff.
for defendant: Jon E. Abramczyk, William M. Lafferty, and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Lawrence Portnoy and Julia Kiechel, Davis Polk & Wardwell LLP, New York, NY for defendant.
Case Number: D68447
Section 220 complaint was dismissed after stockholder had filed plenary action against corporation and could not demonstrate timing pressures created by defendant or need to discover additional information following a dismissal without prejudice.
Publication Date: 2019-02-06
Practice Area: Corporate Entities | Securities Litigation
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Montgomery-Reeves
Attorneys: For plaintiff: Jason C. Jowers, Meghan A. Adams, and Ian D. McCauley, Morris James LLP, Wilmington, DE; David A. Robinson, Benjamin P. Pugh, and Michael S. Wilde, Enterprise Counsel Group, a Law Corporation, Irvine, CA for plaintiff.
for defendant: Kathleen M. Miller and Clarissa R. Chenoweth, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Ryan J. Whalen, Gusrae Kaplan Nusbaum PLLC, New York, NY for defendants.
Case Number: D68446
Preliminary injunction restricting transfer of stock allegedly issued in a director's breach of fiduciary duty was granted where company was likely to prove director lacked authority to issue the stock and director issued it at an unreasonably low price.
Publication Date: 2018-11-28
Practice Area: Corporate Entities | Deals and Transactions | Securities Litigation
Industry: Manufacturing
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeffrey Norton and Roger A. Sachar, Newman Ferrara LLP, New York, NY; Peter Safirstein and Elizabeth S. Metcalf, Safirstein Metcalf LLP, New York, NY for plaintiff
for defendant: Blake Rohrbacher, Kevin M. Gallagher, and John M. O'Toole, Richards, Layton & Finger, P.A., Wilmington, DE; P. Clarkson Collins, Jr., Morris James LLP, Wilmington, DE; Garrett B. Moritz and Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE for defendants.
Case Number: D68366
Derivative complaint arising from related-party transactions dismissed after board exercised business judgment to decline stockholder's litigation demand, where stockholder failed to plead that demand was made in reliance on company's inaccurate representations or that a majority of the directors were not disinterested or independent.
Publication Date: 2018-11-28
Practice Area: Contractual Disputes | Corporate Entities
Industry: Food and Beverage
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Jessica Zeldin of Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Scott G. Burdine and David E. Wayne of Burdine Wynne LLP, Houston, TX for plaintiffs
for defendant: Timothy R. Dudderar and Travis R. Dunkelberger of Potter Anderson & Corroon LLP for Blue Bell de-fendants; Srinivas M. Raju and Kelly L. Freund of Richards, Layton & Finger, P.A., Wilmington, DE for defendants Bridges and Kruse.
Case Number: D68371
Plaintiffs failed to allege sufficient facts to rebut the presumption of corporate separateness between a parent company and its subsidiary, and their conclusory allegations did not support theories for piercing the corporate veil or joint venture liability.
Publication Date: 2018-11-21
Practice Area: Contractual Disputes | Corporate Entities
Industry: Consulting | Defense | Manufacturing
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Oderah C. Nwaeze and Ryan E. Borneman of Duane Morris LLP, Wilmington, DE, attorneys for plaintiff.
for defendant: Philip Trainer, Jr. and Hayley Lenahan of Ashby & Geddess, Wilmington, DE; Kenneth J. Pfaehler of Dentons US LLP, Washington, DC, attorneys for defendant.
Case Number: D68363
Defendant adequately alleged its breach of contract counterclaims, but it failed to state a viable claim for fraud and matters relating to alter ego liability had to be filed in another court.
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