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July 06, 2020 | Delaware Business Court Insider

Law Firms Are Making Millions From COVID-19 Retail Bankruptcies

Several Am Law 100 firms are reaping the rewards from some of this spring's most active bankruptcies, including J. Crew, Neiman Marcus and J.C. Penney—some to the tune of more than $10 million.
4 minute read
In re: Dell Tech. Inc. Class V Stockholders Litig.
Publication Date: 2020-06-24
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Ned Weinberger, Derrick Farrell, Mark Richardson, Thomas Curry and Dominic Minerva, Labaton Sucharow LLP, Wilmington, DE and New York, NY; David M. Cooper, Silpa Maruri, Dominic Pody and James Meehan, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Peter B. Andrews, Craig J. Springer and David Sborz, Andrews & Springer LLC, Wilmington, DE; Chad Johnson and Noam Mandel, Robins Geller Rudman & Dowd LLP, New York, NY; Jeremy S. Friedman and David F.E. Tejtel. Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiffs.
For defendant: Gregory P. Williams, John D. Hendershot and Susan M. Hannigan, Richards, Layton & Finger, P.A., Wilmington, DE; John L Latham, Cara M. Peterman and Gidon M. Caine, Charles W. Cox, Alston & Bird LLP, Atlanta, GA, Palo Alto, CA and Los Angeles, CA for defendants Dell, Durban, Patterson and Kullman. Martin S. Lessner, Elena C. Norman, James M. Yoch, Jr. and Lauren Dunkle Fortunato, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; James G. Kreissman, Stephen P. Blake and David Elbaum, Simpson Thacher & Bartlett LLP, New York, NY for defendant Silver Lake Group LLC. Kevin G. Abrams, Michael A. Barlow and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Michele D. Johnson, Kristin N. Murphy and Ryan A. Walsh, Latham & Watkins LLP, Costa Mesa, CA for defendants Green and Dorman.
Case number: D69027

Plaintiffs alleged sufficient facts to trigger the entire fairness standard of review, so the court denied defen-dants' motion to dismiss.

Sheehan v. AssuredPartners, Inc.
Publication Date: 2020-06-17
Practice Area: Employment Litigation
Industry: Insurance
Court: Court of Chancery
Judge: Chancellor LeGrow
Attorneys:
For plaintiff: Martin S. Lessner, Lauren Dunkle Fortunato and Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for plaintiffs.
For defendant: Gregory P. Williams, Blake Rohrbacher, Matthew D. Perri and Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE; Joseph G. Santoro and Roger W. Feicht, Gunster, West Palm Beach, FL for defendants.
Case number: D69018

Plaintiffs stated claims for breach of their employment agreements and for breach of the implied covenant of good faith and fair dealing, but the court granted defendants' motion to dismiss the remainder of their claims.

AssuredPartners of Virginia, LLC v. Sheehan
Publication Date: 2020-06-17
Practice Area: Contracts
Industry: Insurance
Court: Delaware Superior Court
Judge: Judge LeGrow
Attorneys:
For plaintiff: Gregory P. Williams, Blake Rohrbacher, Matthew D. Perri, and Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE; Joseph G. Santoro and Roger W. Feicht, Gunster, West Palm Beach, FL, for plaintiff.
For defendant: Martin S. Lessner, Lauren Dunkle Fortunato, and Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE, for defendants.
Case number: D69014

Breach of asset purchase agreement claims allowed to proceed where plaintiff alleged defendant sellers breached agreement by making unauthorized post-closing payments to certain defendants and by failing to disclose pre-closing liabilities.

June 12, 2020 | Delaware Law Weekly

Young Conaway Partner Elected Treasurer of Del. Trial Lawyers Association

Richard A. DiLiberto Jr., a partner in Young Conaway Stargatt & Taylor's Wilmington office, was elected treasurer of the Delaware Trial Lawyers Association.
1 minute read
June 11, 2020 | Pro Mid Market

Who Got the Work: A Cookware Class Action and a First Amendment Fight

Hodgson Russ represents the manufacturer of a nonstick pan that a customer claims is faulty, Poyner Spruill defended a Jehovah's Witnesses inmate's right to worship in prison, and other work from midsize firms.
3 minute read
Borealis Power Holdings Inc. v. Hunt Strategic Util. Inv., L.L.C.
Publication Date: 2020-06-10
Practice Area: Corporate Entities
Industry: Energy
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys:
For plaintiff: Richard I. Werder, Jr., Renita Sharma, Elisabeth B. Miller, and Ryan A. Rakower, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; William M. Lafferty, Thomas W. Briggs, Jr., Daniel T. Menken, and Aubrey J. Morin, Morris Nichols Arsht&Tunnell LLP, Wilmington, DE for appellant Borealis Power Holdings.Neil A. Sterner, Dechert LLP, New York, NY; Blake Rohrbacher, Brian S. Yu, and Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE for appellant Cheyne Walk Investments.P. Clarkson Collins, Jr., Ian D. McCauley, and Kathleen A. Murphey, Morris James LLP, Wilmington, DE for appellant Texas Transmission Investment.
For defendant: Jessica B. Pulliam, Monica Hughes Smith, Baker Botts L.L.P., Dallas, Texas; Vernon Cassin, Baker Botts L.L.P., Washington, D.C.; Peter J. Walsh Jr., J. Matthew Belger, Andrew H. Sauder, Potter Anderson &Corroon LLP, Wilmington Delaware for Hunt Strategic Utility Investment, L.L.C. J. Christopher Shore, Alice Tsier, andVivake Prasad, White & Case LLP, New York, NY; Aaron Colodny, White & Case LLP, Los Angeles, CA; David C. McBride, Martin S. Lessner, Ryan M. Bartley, and Paul J. Loughman, Young, Conaway, Stargatt& Taylor, LLC, Wilmington, DE for appellees.
Case number: D69006

Right of first refusal in separate investor rights agreement did not supersede right of first offer on transfer of equity stake in separate corporate entity where the right of first refusal only applied to minority member of the company subject to the investor rights agreement and transferor was not a minority member.

June 08, 2020 | Delaware Law Weekly

DSBA Bankruptcy Law Section to Host Chapter 11 Primer

The bankruptcy law section of the Delaware State Bar Association is slated to host a Zoom webinar titled "Bankruptcy Nuts and Bolts: A Primer for Chapter 11 Cross-Training" from 9 a.m. to 12:30 p.m. June 23.
1 minute read
Athene Life & Annuity Co. v. Am. Gen. Life Ins. Co.
Publication Date: 2020-06-03
Practice Area: Insurance Law
Industry: Insurance | Investments and Investment Advisory
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys:
For plaintiff: Martin S. Lessner, Richard J. Thomas, and M. Paige Valeski, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; James P. Gillespie and Dustin Hillsley, Kirkland& Ellis LLP, New York, NY; Adam T. Humann, Kirkland & Ellis LLP, Washington, DC for plaintiff Athene. Brian C. Ralston, Potter Anderson & Corroon LLP, Wilmington, DE for plaintiffs American Investors and Indianapolis Life.
For defendant: Kenneth J. Nachbar and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendant American Life. Joel Friedlander and Christopher P. Quinn, Friedlander & Gorris, P.A, Wilmington, DE; John L. Jacobus, J. Walker Johnson, Catherine D. Cockerham, and William Carson, Steptoe & Johnson LLP, Washington, DC; Jeffrey B. Korn and Stuart R. Lombardi, Willkie Farr & Gallagher LLP, Washington, DC; Joseph G. Davis, Willkie Farr & Gallagher LLP, New York, NY for defendants ZC Resource Investment Trust and ZC Resource LLC.
Case number: D68999

Breach of contract and tortious interference claims arising from alleged rights to surrender or reallocation value from corporate-owned life insurance policies were dismissed as unripe where the policyholder had made no effort to surrender or reallocate.

June 02, 2020 | The Legal Intelligencer

PLW People in the News—June 2, 2020—Clark Hill

Andrew C. Maher, senior counsel in Clark Hill's Pittsburgh office in the public finance and banking and financial services practices, was elected president of the Pennsylvania Association of Bond Lawyers.
3 minute read

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