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In Re P3Health Group Holdings. LLC
Publication Date: 2022-11-01
Practice Area: Mergers and Acquisitions
Industry: Health Care | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY for Hudson Vegas Investment SPV, LLC
For defendant: William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for Jessica Puathasnanon and P3 Health Group Holdings, LLC; Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk Iv, Potter Anderson & Corroon LLP Wilmington, DE; William K. Kane, Sheppard Mullin, Richter & Hampton LLP, Chicago, IL; James C. Wald, Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for Chicago Pacific Founders Fund, L.P., CPF P3 Splitter, LLC, Greg Kazarian, Larry Leisure, Mary Tolan, Sameer Mathur; Elena C. Norman, Paul J. Loughman, Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for Sherif W. Abdou, Amir Bacchus, Gary Garrett, Lorie Glisson, Taylor Leavitt, and Tom Price; Steven T. Margolin, Samuel L. Moultrie, Corrinne R. Moini, Greenberg Traurig LLP, Wilmington, DE for Foresight Acquisition Corporation, Foresight Acquisition Corporation II and Greg Wasson.
Case number: 2021-0518-JTL

Court denied motion to dismiss finding defendant had sufficient minimum contacts and nexus with the State of Delaware to warrant the court's exercise of personal jurisdiction.

October 31, 2022 | Delaware Business Court Insider

BuzzFeed Won't Be Held to Arbitration Mandates in Ex-Employees' Contracts

Agreements signed before the company was acquired by a SPAC can't force the dispute over former executives' participation in an IPO into arbitration, Vice Chancellor Morgan Zurn said.
4 minute read
October 31, 2022 | Delaware Law Weekly

Vice Chancellor Zurn: BuzzFeed Isn't Bound By Arbitration Mandates in Ex-Employees' Contracts

Agreements signed before the company was acquired by a SPAC can't force the dispute over former executives' participation in an IPO into arbitration, Vice Chancellor Morgan Zurn said.
4 minute read
Goldstein v. BGC Holdings, L.P.
Publication Date: 2022-10-25
Practice Area: Corporate Entities
Industry: Financial Services and Banking
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys:
For plaintiff: William R. Firth, III, Cohen Seglias Pallas Greenhall & Furman, P.C., Wilmington, DE; Michael J. Maloney, Felicello Law, P.C. New York, NY.
For defendant: C. Barr Flinn, Paul J. Loughman, Alberto E. Chavez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Nirav S. Shah, Cantor Fitzgerald, L.P., New York, NY for defendant.
Case number: N21C-12-069 MAA

The court dismissed plaintiffs' partnership interest redemption claims when filed outside the limitations period as plaintiffs' claims accrued following defendants' denial of plaintiffs' exercise of their redemption rights.

October 24, 2022 | Delaware Law Weekly

Young Conaway Partner Elected Secretary of ABA's Business Law Section

Young Conaway Stargatt & Taylor announced that Wilmington partner Norman M. Powell has been elected secretary of the American Bar Association's business law section for a term beginning in September 2022.
2 minute read
September 27, 2022 | Delaware Law Weekly

DSBA to Hold Environmental Law CLE

The Environmental Law Section of the Delaware State Bar Association announced that it is scheduled to host the Environmental Law 2022 CLE.
2 minute read
Cipercen LLC v. Morningside Texas Holdings LLC
Publication Date: 2022-09-27
Practice Area: Contractual Disputes
Industry: Automotive
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys:
For plaintiff: Timothy J. Houseal, Jennifer M. Kinkus, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Matthew K. Wegner, Brown Wegner LLP, Irvine, CA for plaintiffs/third-party plaintiffs.
For defendant: Patricia R. Urban., Megan Ix Brison, Pinckney Weidinger Urban & Joyce, Wilmington, DE; Jeffrey Hurt, Hurt & Berry, LLP, Dallas, TX for defendant/counterclaim plaintiff. Francis G.X. Pileggi, Cheneise V. Wright, Lewis Brisbois Bisgaard & Smith LLP, Wilmington, DE; Dennis D. Leone, Sunjay D. Trehan, Shankman Leone, P.A., Tampa, FL for third-party defendant.
Case number: N19C-12-074 EMD CCLD

The court granted both parties' motions to dismiss a fraudulent inducement and breach of contract case.

In re P3 Health Group Holdings, LLC
Publication Date: 2022-09-27
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Bruce E. Jameson, Corinne Elise Amato, Eric J. Juray, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Craig Carpenito, Richard H. Walker, Samuel C. Cortina, King & Spalding LLP, New York, NY for plaintiff.
For defendant: William M. Lafferty, Kevin M. Coen, Ryan D. Stottmann, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk IV, Potter Anderson & Corroon LLP, Wilmington, DE; Elena C. Norman, Paul J. Loughman Lakshmi A. Muthu, Alberto E. Chávez, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for defendants.
Case number: 2021-0518-JTL

The court could exercise personal jurisdiction over the general counsel/chief legal officer of Delaware LLC who by virtue of that position would materially participate in the company's management and therefore would qualify as an acting manager.

September 26, 2022 | Delaware Law Weekly

Second Case Challenging Del. Party Balance Rule Gets Green Light

U.S. District Judge Maryellen Noreika found that James Adams, represented by David Finger of Finger & Slanina, has standing to continue with his case against Gov. John Carney, denying Carney's motion to dismiss.
4 minute read
September 26, 2022 | Delaware Law Weekly

Wilson Sonsini Adds Corporate Partner in Delaware

Wilson Sonsini Goodrich & Rosati announced that Allurie Kephart has joined the firm's corporate department as a partner in the Wilmington office.
2 minute read

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