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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.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.
The court held that there was an actual controversy that was ripe for adjudication between plaintiff and defendant insurance company.
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 court held that defendant was contractually obligated to reimburse plaintiff for a merger termination fee of $410 million plus interest to plaintiff.
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The court ruled on three motions for summary judgment.
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.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.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.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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