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Publication Date: 2024-10-08
Practice Area: Bankruptcy
Industry: Agriculture | Investments and Investment Advisory
Court: U.S. Bankruptcy Court
Judge: Judge Goldblatt
Attorneys: For plaintiff:
for defendant:
Case Number: 24-10267 (CTG)
An opt-out mechanism was insufficient to validate releases of creditors' claims against non-parties in a bankruptcy plan of reorganization where Supreme Court precedent made nonconsensual releases per se illegal and there had to be some affirmative act of assent to make the release consensual.
Publication Date: 2024-10-08
Practice Area: Bankruptcy
Industry: Investments and Investment Advisory
Court: U.S. District Court of Delaware
Judge: District Judge Connolly
Attorneys: For plaintiff: Eric D. Schwartz, Daniel B. Butz, Evanthea Hammer, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Paul Werner, A. Jospeh Jay, III, Sheppard Mullin Richter & Hampton, LLP, Washington, DC; Edward H. Tillinghast, III, Sheppard Mullin Richter & Hampton, LLP, New York, NY for appellant.
for defendant: Jaco R. Kirkham, Stephen J. Astringer, Kobre & Kim LLP, Wilmington, DE; Adam M. Lavine, John G. Conte, Kobre & Kim LLP, New York, NY; Adriana Riviere-Badell, Evelyn Baltodano Sheehan, Kobre & Kim LLP, Miami, FL for appellee.
Case Number: 22-10261 (TMH)
Bankruptcy court appropriately extended automatic stay to foreign main proceeding where permitted by the Bankruptcy Code and under the principles of international comity after the foreign court similarly imposed a stay.
Publication Date: 2024-10-08
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking | Education | Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Joseph B. Cicero, Ryan M. Lindsay, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Sheron Korpus, David M. Max, Sondra D. Grigsby, Kasowitz Benson Torres LLP, New York, NY for appellants.
for defendant: Brock E. Czeschin, Susan Hannigan Cohen, Nicole M. Henry, Richards, Layton & Finger, P.A., Wilmington, DE; Lauren K. Neal, Elizabeth A. Mullin Stoffer, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for appellees.
Case Number: 463, 2023
Although appellants raised the parties' contract's forum selection clause, they failed to explicitly argue that a non-signatory litigant was bound to the clause and thus waived the issue on appeal.
Publication Date: 2024-10-08
Practice Area: Contracts
Industry: Hospitality and Lodging
Court: U.S. Court of Appeals for the Third Circuit
Judge: Judge Krause
Attorneys: For plaintiff:
for defendant:
Case Number: 23-2631
District court erred in interpreting agency liability under Delaware law, where a parent could incur agency liability for a subsidiary's wrongful acts post-acquisition.
Publication Date: 2024-10-01
Practice Area: Real Estate
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Jennifer August, Rehoboth Beach, DE, pro se plaintiff.
for defendant: Aaron E. Moore, Wilmington, DE for defendants.
Case Number: 2020-0834-BWD
Court denied homeowner's claims against homeowners' association where there were no conflicted fiduciaries that warranted applying the entire fairness standard to the claims.
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Publication Date: 2024-10-01
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Matthew D. Perri, Daniel E. Kaprow, Elizabeth J. Freud, Alfred P. Dillione, Rae Ra, Richards, Layton & Finger, P.A., Wilmington, DE for plaintiff.
for defendant: Kevin M. Coen, Jacob M. Perrone, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Bradley J. Bondi, D. Scott Carlton, Traci Zeller, Nicholas J. Griepsma, Paul Hastings LLP, Washington, D.C. for defendant.
Case Number: 2024-0186-LWW
Court recalculated conversion ratio following business combination where inclusion of issued shares regardless of the circumstances of issuance was consistent with the anti-dilutive purpose of the conversion.
Publication Date: 2024-10-01
Practice Area: Bankruptcy
Industry: Consumer Products | Distribution and Wholesale | Retail
Court: U.S. Bankruptcy Court
Judge: Judge Shannon
Attorneys: For plaintiff:
for defendant:
Case Number: 19-12689 (BLS)
Genuine issues of material fact precluded summary judgment in avoidance/recovery adversary action where debtors had obtained court approval to pay critical vendors but debtors paid substantially more than initially identified and evidence suggested defendant may have pressured debtors to make timely payments during preference period.
Publication Date: 2024-10-01
Practice Area: Contracts
Industry: Electronics | Retail
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Krista M. Reale, Margolis Edelstein, Wilmington, DE; Herbert W. Mondros, Rigrodsky Law, P.A., Wilmington, DE; Glenn Ricketti, Margolis Edelstein, Philadelphia, PA for plaintiff.
for defendant: David J. Soldo, K. Tyler O’Connell, Barnaby Grzaslewicz, Samuel E. Bashman, Morris James LLP, Wilmington, DE; Eric C. Liebeler, Kevin Kitchen, Stinson LLP, Minneapolis, MN for defendant.
Case Number: N20C-10-121 EMD
Court granted remittitur where expert testimony could only reasonably support a lower future damages award than granted by the jury.
Publication Date: 2024-10-01
Practice Area: Mergers and Acquisitions
Industry: Food and Beverage | Manufacturing
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Jared T. Green, Seitz, Van Ogtrop & Green, P.A.; Christine E. Burke, Karpf, Karpf & Cerutti, P.C., Bensalem, PA for plaintiffs.
for defendant: Brett M. McCartney, Elizabeth A. Powers, Bayard, P.A.; Sarah T. Andrade, Wilmington, DE; Christoper Patton, Leo Park, Lynn Pinker Hurst & Schwegmann, LLP, Dallas, TX for defendants.
Case Number: N23C-12-229 EMD CCLD
Breach of contract and implied covenant of good faith and fair dealing claims failed where parties chose not to incorporate commercially reasonable efforts clause into earnout provision.
Publication Date: 2024-10-01
Practice Area: Mergers and Acquisitions
Industry: Food and Beverage
Court: U.S. District Court of Delaware
Judge: District Judge Williams
Attorneys: For plaintiff: Thomas G. Macauley, Macauley LLC, Wilmington, DE; Joel S. Magolnick, John E. Kirkpatrick, Marko & Magolnick, P.A., Miami, FL for plaintiffs.
for defendant: David W. Marston, Jr., Jody C. Barillare, Brian F. Morris, Morgan, Lewis & Bockius LLP, Wilmington, DE; Troy S. Brown, Su Jin Kim, Margot G. Bloom, Morgan, Lewis & Bockius LLP, Philadelphia, PA; Michael J. Ableson, Morgan, Lewis & Bockius LLP, New York, NY for defendants.
Case Number: 19-cv-00731-GBW
Tortious interference and conspiracy claims failed where there was insufficient evidence that defendant had an ulterior motive to interfere with plaintiff's business relationship.
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