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Sheldon v. Pinto Tech. Ventures, L.P.
Publication Date: 2019-02-06
Practice Area: Corporate Governance | Securities Litigation
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Thad J. Bracegirdle and Scott B. Czerwonka, Wilks, Lukoff & Bracegirdle, LLC, Wilmington, DE; Jeff Joyce, Joyce & McFarland LLP, Houston, TX for plaintiffs.
For defendant: Brian C. Ralston and Jacqueline A. Rogers, Potter Anderson Corroon LLP, Wilmington, DE; Danny Da-vid and Rebecca Huddle, Baker Botts LLP, Houston, TX for defendants Terry and Walker. Bruce E. Jameson and Samuel L. Closic, Prickett, Jones & Elliott, P.A., Wilmington, DE; B. Russell Horton, George Brothers Kincaid & Horton, L.L.P., Austin, TX for Pinto Tech., RiverVest and Bay City Capital defendants.
Case number: D68451

Defendants' successful effort to enforce a forum selection clause in the court of another state did not preclude them from arguing that a shareholder action was derivative.

Oxbow Carbon & Minerals Holdings, Inc. v. Crestview-Oxbow Acquisition, LLC
Publication Date: 2019-01-30
Practice Area: Contractual Disputes
Industry: Investments and Investment Advisory | Mining and Resources
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys:
For plaintiff: Stephen C. Norman and Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; David B. Hennes, C. Thomas Brown, Adam M. Harris and Elizabeth D. Johnston, Ropes & Gray LLP, New York, NY for plaintiffs Oxbow Carbon & Mineral Holdings, Ingraham Investments, William I. Koch and Oxbow Carbon Investment Co. LLC. Kenneth J. Nachbar, Thomas W. Briggs, Jr. and Richard Li, Morris, Nich-ols, Arsht & Tunnell LLP, Wilmington, DE; R. Robert Popeo, Michael S. Gardener and Breton Leo-ne-Quick, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., Boston, MA for plaintiff
For defendant: Oxbow Carbon LLC. Kevin G. Abrams, Michael A. Barlow and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Brock E. Czeschin, Matthew D. Perri and Sarah A. Galetta, Richards, Layton & Finger, P.A., Wilmington, DE; Michael B. Carlinsky, Chad Johnson, Jennifer Barrett, Silpa Maruri, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Christopher Landau, Quinn Emanuel Urquhart & Sul-livan, LLP, Washington, DC for defendant Crestview-Oxbow Acquisition. J. Clayton Athey and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Dale C. Christensen, Jr and Michael B. Weitman, Seward & Kissell, LLP, New York, NY for defendant Load Line Capital
Case number: D68441

The plain language of an LLC agreement governed the parties' dispute, and the trial court improperly implied a cove-nant where no contractual gap existed. Affirmed in part, reversed in part.

Zalmanoff v. Hardy
Publication Date: 2018-11-28
Practice Area: Corporate Governance | Mergers and Acquisitions
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys:
For plaintiff: Ronald A. Brown, Jr., J. Clayton Athey and Samuel L. Closic of Prickett, Jones & Elliott, P.A., Wilming-ton, DE; Jeffrey S. Abraham of Abraham, Fruchter & Twersky, LLP, New York, NY for plaintiff
For defendant: David J. Teklits and D. McKinley Measley of Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Howard S. Suskin, Elizabeth A. Edmondson, Lorenzo Di Silvio and Rémi J.D. Jaffré of Jenner & Block LLP, New York, NY for defendants.
Case number: D68372

Corporate directors did not breach their fiduciary duty of disclosure when they provided stockholders with two documents which together contained all material information in connection with a stockholder vote.

In Re Appraisal of Columbia Pipeline Grp., Inc.
Publication Date: 2018-09-12
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Stephen E. Jenkins, Andrew D. Cordo, Marie M. Degnan, Ashby & Geddes, P.A., Wilmington, DE; Marcus E. Montejo, Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, John Vielandi, Bernstein Litowitz Berger & Grossmann LLP, New York, NY, attorneys for petitioners
For defendant: Martin S. Lessner, James M. Yoch, Jr., Paul J. Loughman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Brian J. Massengill, Linda X. Shi, Mayer Brown LLP, Chicago, IL, attorneys for respondent.
Case number: D68280

Motion for continued confidential treatment of litigation records denied where moving party failed to demonstrate good cause to overcome the presumption in favor of the right of public access to judicial records.

In re Energy Transfer Equity, L.P. Unitholder Litig.
Publication Date: 2018-05-30
Practice Area: Class Actions | Mergers and Acquisitions | Securities Litigation
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Michael Hanrahan, Paul A. Fioravanti, Jr., Kevin H. Davenport, Samuel L. Closic, and Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Marc A. Topaz, Lee D. Rudy, Eric L. Zagar, Michael C. Wagner, and Grant D. Goodhart, III, Kessler Topaz Meltzer & Check, LLP, Radnor, PA, attorneys for plaintiffs
For defendant: Rolin P. Bissel, James M. Yoch, Jr., and Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, John C. Wander, Craig E. Zieminski, and Andrew E. Jackson, Vinson & Elkins LLP, Dallas, TX; David E. Ross and Benjamin Z. Grossberg, Ross Aronstam & Moritz LLP, Wilmington, DE; M. Scott Barnard, Michelle Reed, and Lauren E. York, Akin Gump Strauss Hauer & Feld LLP, Dallas, TX, attorneys for defendants.
Case number: D68160

Unitholders' complaint challenging private issuance of securities to insiders established unfairness of transaction, but did not warrant equitable relief cancelling the transaction where partnership was not injured by transaction.

In Re Appraisal of Goodcents Holdings, Inc., DEFAX Case No. D67766 (Del.Ch. June 7, 2017), Montgomery-Reeves, V.C. (17 pages).
Publication Date: 2017-06-21
Practice Area:
Industry: Financial Services and Banking
Court: Delaware Court of Chancery
Judge:
Attorneys:
For plaintiff:
For defendant:
Case number: D67766

Preferred stockholders not entitled to payment of liquidation preference upon merger where company's certificate of incorporation merely provided them a blocking vote, and only voided that blocking

May 15, 2017 | Delaware Law Weekly

Carney Taps Litigator, Now Assistant Public Defender, for Supreme Court

Gov. John Carney on Monday nominated Gary F. Traynor, a Sussex County public defender and a former litigator with Prickett, Jones & Elliott, to become the next justice on the Delaware Supreme Court.
5 minute read
May 15, 2017 | Delaware Law Weekly

Carney Taps Litigator, Now Assistant Public Defender, for Supreme Court

Gov. John Carney on Monday nominated Gary F. Traynor, a Sussex County public defender and a former litigator with Prickett, Jones & Elliott, to become the next justice on the Delaware Supreme Court.
5 minute read
In re Oxbow Carbon LLC Unitholder Litig., DEFAX Case No. D67671 (Del. Ch. March 13, 2017), Laster, V.C. (20 pages).
Publication Date: 2017-04-05
Practice Area:
Industry: Energy
Court: Delaware Court of Chancery
Judge:
Attorneys:
For plaintiff:
For defendant:
Case number: D67671

Parties' objection to discovery requests were overruled where the objections, particularly for privilege, were asserted in a generalized and conclusory manner and failed to specify the bases for as

March 06, 2017 | Delaware Business Court Insider

Slights Awards Former CFO $1.8M in Indemnification Suit

The Delaware Court of Chancery on March 3 awarded a former officer of OptimisCorp $1.8 million to cover the cost of successfully defending allegations that he had plotted to remove a physical services company's chief executive back in 2012.
6 minute read

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