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Trifecta Multimedia Holdings Inc. v. WCG Clinical Serv. LLC
Publication Date: 2024-06-25
Practice Area: Mergers and Acquisitions
Industry: Health Care | Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Bradley R. Aronstam, Roger S. Stronach, Holley E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; David S. Flugman, Lauren J. Zimmerman, Korey Boehm, Selendy Gay PLLC, New York, NY for plaintiffs.
For defendant: Susan W. Waesco, Emily C. Friedman, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; William C. Jackson, Ashley Moore Drake, Goodwin Procter LLP, Washington, D.C.; Ariel E. Rogers, Goodwin Procter LLP, Redwood City, CA; Lauren E. Jackson, Goodwin Procter LLP, Boston, MA for defendant.
Case number: 2023-0699-JTL

Statements that did not constitute mere puffery were sufficient to state a fraud claim where plaintiff adequately alleged defendant's scienter and where the parties' contract lacked an anti-reliance clause.

Aldrich Capital Partners Fund, LP v. Bray
Publication Date: 2024-06-03
Practice Area: Securities Litigation
Industry: Health Care | Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Judge Wallace
Attorneys:
For plaintiff: Kevin M. Coen, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell, Wilmington, DE; Joseph P. Rockers, Justin D. Ward, Goodwin Procter, Boston, MA for plaintiffs.
For defendant: Shannon E. German, Jeremy W. Gagas, Emmanuel J. Burrell, Wilson Sonsini Goodrich & Rosati, Wilmington, DE for defendant.
Case number: 2023-1253-PRW

Investor adequately pled fraud claim by alleging that entrepreneur intentionally misappropriated a third party's intellectual property despite making contractual representations as to the validity of their ownership of their IP.

In re: Cognizant Tech. Solutions Corp. Derivative Litig.
Publication Date: 2024-05-20
Practice Area: Corporate Entities
Industry:
Court: U.S. Court of Appeals for the Third Circuit
Judge: Justice Fuentes
Attorneys:
For plaintiff: William B. Federman (Federman & Sherwood); Matthew F. Gately, Peter S. Pearlman (Cohn Lifland Pearlman Herrmann & Knopf); Benny C. Goodman, III, Steven Hubachek, Erik W. Luedeke (Robbins Geller Rudman & Dowd); James M. Ficaro, Robert B. Weiser (The Weiser Law Firm); Gary S. Graifman (Kantrowitz Goldhamer & Graifman); Britt W. Sowle (Cavanagh & O’Hara); Melissa A. Fortunato (Bragar Eagel & Squire); Ligaya T. Hernandez, Michael J. Hynes (Hynes Keller & Hernandez); James S. Notis (Gardy & Notis); Jennifer Sarnelli (Gardy & Notis)
For defendant: Charles A. Brown, Daniel P. Roeser (Goodwin Procter); William Evans (Goodwin Procter); William M. Jay (Goodwin Procter); Sarah D. Efronson, Rajeev Muttreja (Jones Day); Christopher J. Keale, James H. Keale (Tanenbaum Keale); Theodore V. Wells, Jr., Andrew J. Ehrlich, Alison R. Benedon (Paul Weiss Rifkind Wharton & Garrison); Matthew D. Stachel (Paul Weiss Rifkind Wharton & Garrison)
Case number: 22-3027

Under a De Novo Standard of Appellate Review, District Court Correctly Concluded Shareholders Failed to Demonstrate Lack of Independence of a Majority of the Board

Appellate Division, Second Department: February 2, 2024
Publication Date: 2024-02-02
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, Second Department, Hand Down List
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Handdown List released on:January 31, 2024

AC Penguin Prestige Corp. v. Two Thousand Fifteen Artisanal LLC
Publication Date: 2024-01-04
Practice Area: Employment Litigation
Industry:
Court: Supreme Court, New York
Judge: Justice Verna L. Saunders
Attorneys:
For plaintiff:
For defendant:
Case number: 656190/2017

Money Owed to Petitioner Delivered in Installments as Petitioner Had No Immediate Need

Krasner v. Cedar Realty Trust Inc.
Publication Date: 2023-11-20
Practice Area: Securities Litigation
Industry:
Court: U.S. Court of Appeals for the Second Circuit
Judge: Chief Judge Debra Ann Livingston
Attorneys:
For plaintiff: For Plaintiff-Appellee: Miles D. Schreiner, Monteverde & Associates, PC, New York, NY, on behalf of Plaintiff-Appellee Jonathan Krasner.
For defendant: For Defendants-Appellants: Kathryn C. Cole, Greenberg Traurig LLP, Garden City, NY, on the brief, Jerrold A. Thrope, Gordon Feinblatt LLC, Baltimore, MD (), on behalf of Defendants-Appellants Cedar Realty Trust, Inc. and Wheeler Real Estate Investment Trust, Inc. Douglas H. Flaum, Jennifer Burns Luz, Goodwin Procter LLP, New York, NY and Boston, MA, on behalf of Defendants-Appellants Bruce J. Schanzer, Gregg A. Gonsalves, Abraham Eisenstat, Steven G. Rogers, Sabrina L. Kanner, Darcy D. Morris, Richard H. Ross, and Sharon Stern.
Case number: 23-1262

'Securities-Related' Exception to CAFA Federal Jurisdiction Applies to Investor Claim

Cunningham v. Cornell Univ.
Publication Date: 2023-11-17
Practice Area: Employment Litigation
Industry:
Court: U.S. Court of Appeals for the Second Circuit
Judge: Chief Judge Debra Ann Livingston
Attorneys:
For plaintiff: For Plaintiffs-Appellants-Cross-Appellees: Jerome J. Schlichter, Heather Lea, and Joel D. Rohlf, on the brief, Sean E. Soyars, Schlichter Bogard & Denton LLP, St. Louis, MO.
For defendant: For Defendants-Appellees-Cross-Appellants: Nancy G. Ross, Samuel P. Myler, and Jed W. Glickstein, on the brief, Michael A. Scodro, Mayer Brown LLP, Chicago, IL; Michelle N. Webster, on the brief, Mayer Brown LLP, Washington, DC, for Cornell University, The Retirement Plan Oversight Committee, and Mary G. Opperman. For CapFinancial Partners, LLC: Eric S. Mattson, Joseph R. Dosch, and Meredith R. Aska McBride, on the brief, Caroline A. Wong, Sidley Austin LLP, Chicago, IL. For Chamber of Commerce of the United States of America and American Benefits Council, amici curiae in support of Defendants-Appellees-Cross-Appellants: Jaime A. Santos and William M. Jay, Goodwin Procter LLP, Washington, DC; James O. Fleckner and Alison V. Douglass, Goodwin Procter LLP, Boston, MA; Stephanie A. Maloney, U.S. Chamber Litigation Center, Washington, DC.
Case number: 21-88-cv

Retirement Plan Participants Fail to Plausibly Allege 'Prohibited Transactions' Claim

Dfinity Found. v. The New York Times Co.
Publication Date: 2023-11-17
Practice Area: Business Torts
Industry:
Court: U.S. District Court for the Southern District of New York, U.S. - SDNY
Judge: District Judge Lewis A. Kaplan
Attorneys:
For plaintiff: Attorneys for Plaintiff: Charles J. Harder, Emmanuel Fua, Harder LLP.
For defendant: Attorney for Defendants The New York Times Company, Andrew Ross Sorkin, and Ephrat Livni: Dana R. Green, The New York Times Company. Attorneys for Defendants Arkham Intelligence, Inc., Miguel Morel, Zachary Lerangis, and Nick Longo: Jeffrey A. Simes, Meghan K. Spillane, Goodwin Procter LLP. Attorney for Defendant Keegan McNamara: Daniel A. Singer, The Law Offices of Daniel A. Singer PLLC. Attorneys for Defendant Jonah Bennett: Andrew James Frisch, James R. Lawrence, III, Envisage Law.
Case number: 22-cv-5418

Defamation Claim Over Article Fails to Show Statements Were Made with Actual Malice

Appellate Division, Second Department: October 27, 2023
Publication Date: 2023-10-27
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, Second Department, Hand Down & Supplemental Handdown
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Handdown & Supplemental Handdown released on:October 25, 2023

Recentive Analytics, Inc. v. Fox Corp.
Publication Date: 2023-10-02
Practice Area: Patent Litigation
Industry: Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Williams
Attorneys:
For plaintiff: John W. Shaw, Karen E. Keller, Nathan R. Hoeschen, Shaw Keller LLP, Wilmington, DE; Robert Frederickson III, Goodwin Procter LLP, Boston, MA; Alexandra D. Valenti, Jenevieve N. Nutovits, Goodwin Procter LLP, New York, NY; Alison Siedor, Goodwin Procter LLP, Washington, D.C. for plaintiff.
For defendant: Francis DiGiovanni, Thatcher A. Rahmeier, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; Michael E. Zeliger, Ranjini Acharya, Pillsbury Winthrop Shaw Pittman LLP, Palo Alto, CA; Evan Finkel, Michael S. Horikawa, Pillsbury Winthrop Shaw Pittman LLP, Los Angeles, CA for defendants.
Case number: 22-1545-GBW

Court dismissed patent infringement case due to patents being directed to an ineligible abstract idea of using mathematical processes to optimize event schedules, where the patent did not specify new devices or technologies but instead relied upon generic computers and machine learning algorithms.

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