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February 02, 2022 | Delaware Law Weekly

15 Young Conaway Attorneys Admitted to the Delaware Bar

Young Conaway Stargatt & Taylor announced that 15 of the firm's associates were admitted to the Delaware Bar on Jan. 19 during a ceremony held by the Delaware Supreme Court.
2 minute read
Harcum v. Lovoi
Publication Date: 2022-01-18
Practice Area: Corporate Governance
Industry: Energy | Mining and Resources
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys:
For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Michael J. Palestina, Kahn Swick & Foti, LLC, New Orleans, LA; Juan E. Monteverde, Miles D. Schreiner, Monteverde & Associates PC, New York, NY for plaintiff.
For defendant: Rolin P. Bissell, James M. Yoch, Jr., Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Virginia DeBeer, Vinson & Elkins L.L.P., Dallas, TX for defendants.
Case number: D69678

The court held that plaintiffs' complaint failed to state causes of action against alleged controlling and conflicted stockholders and directors for breach of fiduciary duties when they approved a merger.

Benefytt Tech. Inc. v. Capitol Specialty Ins. Corp.
Publication Date: 2022-01-18
Practice Area: Insurance Litigation
Industry: E-Commerce | Insurance
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys:
For plaintiff: Jennifer C. Wasson, Carla Jones, Potter Anderson & Corroon LLP, Wilmington, DE for plaintiff.
For defendant: Robert J. Katzenstein, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Patricia A Winston, Morris James LLP, Wilmington, DE; Timothy Jay Houseal, Jennifer M. Kinkus, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; John C. Phillips, Jr., David Bilson, Phillips Mclaughlin & Hall, P.A., Wilmington, DE; Joanna J. Cline, Emily L. Wheatley, Troutman Pepper Hamilton Sanders LLP, Wilmington, DE for defendants.
Case number: D69682

The court held that there was an actual controversy that was ripe for adjudication between plaintiff and defendant insurance company.

TRUSTID, Inc. v. Next Caller, Inc.
Publication Date: 2022-01-18
Practice Area: Patent Litigation
Industry: Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys:
For plaintiff: Adam W. Poff, Pilar G. Kraman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael D. Specht, Byron L. Pickard, Richard M. Bemben, Daniel S. Block, Sterne, Kessler, Goldstein & Fox, PLLC, Washington, DC for plaintiff.
For defendant: Jack B. Blumenfeld, Megan E. Dellinger, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sarah Chapin Columbia, McDermott Will & Emery LLP, Boston, MA; Ian B. Brooks, McDermott Will & Emery LLP, Washington, DC; Jiaxiao Zhang, McDermott Will & Emery LLP, Irvine, CA for defendant.
Case number: D69685

Jury improperly issued a verdict for plaintiff on its Lanham Act false advertising claim, where plaintiff presented no evidence that customers were actually deceived by defendant's alleged false advertising.

The Williams Cos., Inc. v. Energy Transfer LP
Publication Date: 2022-01-11
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Kenneth J. Nachbar, Susan W. Waesco, Matthew R. Clark, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Antony L. Ryan, Kevin J. Orsini, Michael P. Addis, David H. Korn, Cravath, Swaine & Moore LLP, New York, NY for plaintiff and counterclaim defendant.
For defendant: Rolin P. Bissel, James M. Yoch, Jr., Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, John C. Wander, Craig E. Zieminski, Andy E. Jackson, Vinson & Elkins LLP, Dallas, TX, for defendants and counterclaim plaintiffs.
Case number: D69672

The court held that defendant was contractually obligated to reimburse plaintiff for a merger termination fee of $410 million plus interest to plaintiff.

The Am. Bottling Co. v. BA Sports Nutrition, LLC
Publication Date: 2022-01-04
Practice Area: Contracts
Industry: Distribution and Wholesale | Food and Beverage
Court: Delaware Superior Court
Judge: Judge LeGrow
Attorneys:
For plaintiff: Garrett B. Moritz, Elizabeth M. Taylor, Ross Aronstam & Moritz LLP, Wilmington, DE, Robert C. Walters, Russell H. Falconer, Sophie C. Rohnke, Andrew H. Bean, Megan Z. Hulce, Emily A. Jorgens, Gibson Dunn & Crutcher LLP, Dallas, TX for plaintiff.
For defendant: A. Thompson Bayliss, Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE, David H. Bernstein, Jyotin Hamid, Jared I. Kagan, Matthew J. Petrozziello, Danielle Vildostegui, Sebastian Dutz, Debevoise & Plimpton, New York, NY; Rolin P. Bissell, James M. Yoch, Jr., Michael A Laukaitis II, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE, Michael C. Holmes, Craig E. Zieminski, Andrew E. Jackson, Vinson & Elkins LLP, Dallas, TX, for defendants.
Case number: D69665

The court ruled on three motions for summary judgment.

December 30, 2021 | Law.com

With Deal Conditions Unmet, Energy Company Liable for $410M in Lawfully Broken Merger

Glasscock found The Williams Companies' structuring of a private offering wasn't excused, which qualifies as an unmet condition and entitles it to payment of the termination fee.
2 minute read
December 30, 2021 | Delaware Business Court Insider

Glasscock: Energy Company Liable for $410M in Lawfully Broken Merger

Glasscock found The Williams Companies' structuring of a private offering wasn't excused, which qualifies as an unmet condition and entitles it to payment of the termination fee.
2 minute read
December 29, 2021 | Delaware Law Weekly

Young Conaway Elects Seven New Partners

Young Conaway Stargatt & Taylor announced that seven new partners have been elected to join the firm partnership in Delaware, effective Jan. 1.
3 minute read
Amgine Tech. (US), Inc. v. Miller
Publication Date: 2021-12-21
Practice Area: Corporate Entities
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys:
For plaintiff: Emily V. Burton, Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for plaintiff.
For defendant: Srinivas M. Raju, Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Michael C. Holmes, Margaret Dunlay Terwey, Meredith S. Jeanes, Vinson & Elkins LLP, Dallas, TX; Christopher E. Duffy, David A. Hoffman, W. Logan Lewis, Vinson & Elkins LLP, New York, NY for defendants.
Case number: D69646

The court held that 1) defendant's challenge to venue was not persuasive, 2) plaintiff did indeed state a claim for inversion under rules for notice pleading, and 3) plaintiff failed to state a claim for voiding the stock agreement under §205.

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