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Publication Date: 2018-06-27
Practice Area: Corporate Entities
Industry: Hardware
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Theodore A. Kittila, James G. McMillan, III, Halloran Farkas & Kittila, LLP, Wilmington, DE; David Graff, Robins Kaplan LLP, New York, NY, attorneys for receiver
for defendant: David L. Finger, Finger & Slanina, LLC, Wilmington, DE, attorney for non-parties.
Case Number: D68191
Foreign national officers of Delaware corporation could be subject to contempt proceedings in Section 220 action pursuant to statutory personal jurisdiction and privity with corporation.
Publication Date: 2018-06-13
Practice Area: Corporate Entities
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Thomas E. Hanson, Jr. and Jeffrey R. Blackwood for plaintiff
for defendant: Jonathan M. Stemerman for defendants.
Case Number: D68180
A party that was awarded expenses under the bad faith exception to the American Rule was not entitled to re-cover expenses incurred on a subsequent appeal, nor was it able to recover additional fees incurred at the trial level.
Publication Date: 2018-05-09
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Daniel A. Dreisbach and Ryan P. Durkin, Richards, Layton & Finger, PA, Wilmington, DE; Brendan V. Sullivan, Jr., Stephen L. Urbanczyk, Paul Mogin, Steven M. Cady, and Matthew H. Blumenstein, Williams & Connolly LLP, Washington, DC, attorneys for plaintiffs
for defendant: Donald J. Wolfe, Jr., T. Brad Davey, and Seth R. Tangman, Potter Anderson & Corroon LLP, Wilmington, DE; Andrew Ditchfield, David B. Toscano, Edward Fu, and Sagar D. Thakur, Davis Polk & Wardwell LLP, New York, NY, attorneys for defendants.
Case Number: D68134
Cancellation certificate nullified where LLC failed to set aside reserve for viable, non-frivolous claims that it had knowledge of.
Publication Date: 2018-02-28
Practice Area: Contractual Disputes | Corporate Entities
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Kenneth J. Nachbar, John P. DiTomo and Elizabeth A. Mullin for plaintiffs
for defendant: Stephen B. Brauerman, Sara E. Bussiere, Scott A. Edelman and Alan J. Stone for defendant.
Case Number: D68061
Plaintiffs were entitled to advancement for legal fees incurred on their behalf in civil lawsuits.
Publication Date: 2018-02-28
Practice Area: Corporate Entities
Industry:
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Kevin R. Shannon, Berton W. Ashman, Jr., Christopher N. Kelly, Jaclyn C. Levy, and Mathew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE; Philip S. Kaufman, Ronald S. Greenberg, Marjorie E. Sheldon, and Jared I. Heller, Kramer Levin Naftalis & Frankel LLP, New York, NY, attorneys for petitioner
for defendant: David L. Finger, Finger & Slanina LLC, Wilmington, DE; Peter B. Ladig and Brett M. McCartney, Bayard, P.A., Wilmington, DE; David B. Goldstein, Rabinowitz, Boudin, Standard, Krinsky & Lieberman, P.C., New York, NY; Jeremy D. Eicher, Eicher Law LLC, Wilmington, DE, attorneys for respondents.
Case Number: D68056
Sale of petitioners interest in company to co-founder and opposing party approved, where custodian conducting sale enjoyed independence due to indemnification and advancement rights, and where petitioners objections to sale apparently motivated by animus toward opposing party.
Law Journal Press | Digital Book
Authors: SHARI L. KLEVENS, ALANNA G. CLAIR
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Publication Date: 2018-02-14
Practice Area: Corporate Entities | Trusts and Estates
Industry: Financial Services and Banking
Court: U.S. Court of Appeals for the Third Circuit
Judge: Judge Krause
Attorneys: For plaintiff: Thad. J. Bracegirdle, Andrea S. Brooks, Wilks, Lukoff & Bracegirdle LLC, Wilmington, DE, attorneys for plaintiff
for defendant: Jeffrey L. Moyer, Travis S. Hunter, Arun J. Mohan, Richards Layton & Finger, P.A., Wilmington, DE, attorneys for defendant.
Case Number: D68040
Claim for accounting properly dismissed where estate failed to plead existence of fiduciary duty between decedent and bank, or basis to pierce corporate veil between bank and its parent.
Publication Date: 2018-02-07
Practice Area: Corporate Entities
Industry:
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; Jeremy S. Friedman, Spencer Oster, and David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY; Jason M. Leviton and Joel Fleming, Block & Leviton LLP, Boston, MA, attorneys for plaintiff
for defendant: William M. Lafferty and D. McKinley Measley, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Brian C. Ralston, Andrew H. Sauder, and Matthew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE, attorneys for defendants.
Case Number: D68030
Business judgment rule applied to controlling stockholders equity reclassification that perpetuated its control, where controller sought approval of special committee of disinterested, independent directors and of informed, unaffiliated stockholders.
Publication Date: 2018-02-07
Practice Area: Contracts | Corporate Entities
Industry: Food and Beverage
Court: Court of Chancery
Judge: Vice Chancellor Montgomery-Reeves
Attorneys: For plaintiff: Eric M. Andersen for plaintiff
for defendant: Rebecca L. Butcher, Joseph D. Wright and Travis J. Ferguson for defendant Atlantic Coast Dining, Inc. and individual defendants; Frank E. Noyes and Joyce A. Kuhns for defendant United Restaurant Group, L.P.
Case Number: D68035
Plaintiff failed to set forth facts sufficient to support a claim for reformation of a partnership agreement.
Publication Date: 2018-02-07
Practice Area: Corporate Entities | Corporate Governance
Industry: Retail
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Stuart M. Grant, Michael J. Barry, and Nathan A. Cook; Grant & Eisenhofer, P.A., Wilmington, DE; Christine S. Azar, Ryan T. Keating, and Ned Weinberger, Labaton Sucharow LLP, Wilmington, DE; Daniel Girard, Amanda Steiner, Dena Sharp, Adam Polk, and Jordan Elias, Girard Gibbs LLP, San Francisco, CA; Thomas A. Dubbs, Louis Gottlieb, and Jeffrey A. Dubbin, Labaton Sucharow LLP, New York, NY; Frederic S. Fox, Hae Sung Nam, Donald R. Hall, and Jeffrey P. Campisi, Kaplan Fox & Kilsheimer LLP, New York, NY, attorneys for appellants
for defendant: Donald. J. Wolfe, Steven C. Norman, and Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Theodore J. Boutrous and Alexander K. Mircheff, Gibson Dunn & Crutcher LLP, Los Angeles, CA; Mark A. Perry, Gibson Dunn & Crutcher LLP, Washington, DC, attorneys for appellees.
Case Number: D68031
Another jurisdiction's dismissal of derivative action for lack of demand futility had preclusive effect under federal law upon competing group of stockholders derivative litigation.
Publication Date: 2018-01-03
Practice Area: Corporate Entities | Creditors' and Debtors' Rights
Industry: Biotechnology
Court: Court of Chancery
Judge: Vice Chancellor Montgomery-Reeves
Attorneys: For plaintiff: Adam G. Landis, Rebecca L. Butcher, James S. Green, Jr., and Matthew R. Pierce, Landis Rath & Cobb LLP, Wilmington, DE, attorneys for petitioner
for defendant: Patricia L. Enerio and Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Francis J. Early and Kaitlyn A. Crowe, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY, attorneys for respondent.
Case Number: D67991
Appointment of receiver denied where petitioner failed to establish companys insolvency, due to its ability to obtain further financing to continue operations.
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