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Wagner v. BRP Group, Inc.
Publication Date: 2024-06-11
Practice Area: Corporate Governance
Industry: Insurance
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrew J. Peach, Jackson E. Warren, Jacob D. Jeifa, Andrews & Springer LLC, Wilmington, DE; Steven J. Purcell, Robert H. Lefkowitz, Purcell & Lefkowitz LLP, New York, NY for plaintiff.
For defendant: S. Mark Hurd, Lauren K. Neal, Alec F. Hoeschel, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendant.
Case number: 2023-0150-JTL

Although founder pre-approval requirements violated provisions of the Delaware General Corporation Law, founders' post-lawsuit agreement to defer to unanimous approval of independent director committee was a sufficient mechanism to defeat facial challenges to the requirements.

Tornetta v. Musk
Publication Date: 2024-06-11
Practice Area: Corporate Governance
Industry: Automotive | Manufacturing | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys:
For plaintiff: Gregory V. Varallo, Glenn R. McGillivray, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrew J. Peach, Jackson E. Warren, Andrews & Springer LLC, Wilmington, DE; Catherine A. Gaul, Ashby & Geddes, P.A., Wilmington, DE; John L. Reed, Ronald N. Brown, III, Caleb G. Johnson, Daniel P. Klusman, DLA Piper LLP (US), Wilmington, DE for plaintiff.
For defendant: David E. Ross, Garrett B. Moritz, Thomas C. Mandracchia, Ross Aronstam & Moritz LLP, Wilmington, DE; William M. Lafferty, Susan W. Waesco, Ryan D. Stottmann, Miranda N. Gilbert, Jacob M. Perrone, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Rudolf Koch, John D. Hendershot, Kevin M. Gallagher, Andrew L. Milam, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.
Case number: 2018-0408-KSJM

Court denied plaintiff's motions to expedite resolution of post-trial issues based on defendants' assertion that an upcoming shareholder proxy vote would not affect the litigation.

Prod. Madness, Inc. v. Kingston
Publication Date: 2024-06-03
Practice Area: Consumer Protection
Industry: E-Commerce | Entertainment and Leisure
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Ryan D. Stottmann, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for plaintiff.
For defendant: Robert J. Kriner, Jr., Chimicles, Schwartz Kriner & Donaldson-Smith LLP, Wilmington, DE for defendant.
Case number: 2024-0040-MTZ

Court denied confidentiality of litigation record motion where parties could not rely on a contractual provision to demand confidentiality and movant failed to overcome the presumption in favor of public access.

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.

May 29, 2024 | The Recorder

No Current Need to Formally Block Tesla Shakeup in Chancery, Court Leader Rules

Chancellor Kathaleen McCormick said she's holding defense counsel to their word and will leave the door open for the motions to be raised again if they don't keep it.
4 minute read
Law Journal Press | Digital Book Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner View this Book

View more book results for the query "Morris, Nichols, Arsht "

May 29, 2024 | Delaware Business Court Insider

McCormick: No Current Need to Formally Block Tesla Shakeup in Chancery

Chancellor Kathaleen McCormick said she's holding defense counsel to their word and will leave the door open for the motions to be raised again if they don't keep it.
4 minute read
May 28, 2024 | Delaware Law Weekly

Pfizer Files Flurry of Lawsuits Over Migraine Medication Patent

Pfizer recently filed seven lawsuits in federal court seeking to enjoin multiple multinational pharmaceutical companies from selling a generic version of its medication, Nurtec, which is used to prevent and treat migraines.
2 minute read
May 28, 2024 | Delaware Law Weekly

Morris Nichols Attorney Speaks at Delaware Diversity Job Fair

The Delaware Diversity Job Fair (DDJF) hosted a virtual discussion on the benefits of a career in Delaware from 5:30 to 6:30 p.m. on May 23, and Morris, Nichols, Arsht & Tunnell associate Miranda Gilbert was one of the speakers.
2 minute read
May 20, 2024 | Delaware Law Weekly

Morris Nichols Partner to Speak at 2024 NAST Treasury Management Training Symposium

The National Association of State Treasurers (NAST) hosts their annual Treasury Management Training Symposium in Pittsburgh, Pennsylvania, from Monday to Thursday, and Morris Nichols Arsht & Tunnell partner Donna Culver is set to speak.
2 minute read
Kormos v. Playtika Holding UK II Ltd.
Publication Date: 2024-05-20
Practice Area: Corporate Governance
Industry: Entertainment and Leisure | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrew J. Peach, Christopher P. Quinn, Jackson E. Warren, Andrews & Springer LLC, Wilmington, DE; Ned Weinberger, Casimir O. Szustak, Labaton Sucharow LLP, Wilmington, DE; Jeremy S. Friedman, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; John Vielandi, Joshua M. Glasser, Labaton Keller Sucharow LLP, New York, NY; D. Seamus Kaskela, Adrienne Bell, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
For defendant: Brian C. Ralston, Charles R. Hallinan, Potter Anderson & Corroon LLP, Wilmington, DE; Andrew R. Gray, Ryan A. Walsh, Natasha Pardawala, Latham and Watkins LLP, Costa Mesa, CA; R. Judson Scaggs, Jr., Susan W. Waesco, Kirk C. Andersen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Dean Kristy, Fenwick & West LLP, San Francisco, CA; Felix S. Lee, Fenwick & West LLP, Mountain View, CA for defendants.
Case number: 2023-0396-SG

Breach of fiduciary duty claims failed where plaintiffs failed to allege facts demonstrating that defendants took actions that were to the company's detriment or that interfered with the board's special committee's negotiations for a self-tender.

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