Petroleos de Venezuela S.A. v. MUFG Union Bank N.A.
Publication Date: 2024-07-16Practice Area:Creditors' and Debtors' Rights
Industry:Court: U.S. Court of Appeals for the Second CircuitJudge: Per Curiam Attorneys:For plaintiff: For Plaintiffs-Counter-Defendants-Appellants: Michael J. Gottlieb, Kristin E. Bender, Willkie Farr & Gallagher LLP, Washington, D.C.; Nicholas Reddick, Willkie Farr & Gallagher LLP, San Francisco, CA; Jeffrey B. Korn, Willkie Farr & Gallagher LLP, New York, NY; Kurt W. Hansson & James Ferguson, Paul Hastings LLP, New York, NY; Igor V. Timofeyev, Paul Hastings LLP, Washington, D.C.For defendant: For Defendants-Counter-Claimants-Appellees: Jonathan H. Hurwitz, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Roberto J. Gonzalez, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Washington, D.C.; Matthew S. Salerno, Latham & Watkins LLP, New York, NY.
For Amicus Curiae the Bolivarian Republic of Venezuela: Donald B. Verrilli, Jr., Elaine J. Goldenberg Munger, Tolles & Olson LLP, Washington, D.C.; George M. Garvey, Munger, Tolles & Olson LLP, Los Angeles, CA.
For Amici Curiae David Landau, Nelson Camilo Sanchez Leon, Mila Versteeg, and Diego Zambrano: Douglass Mitchell, Previn Warren, Jenner & Block LLP, Washington, D.C.Case number: 20-3858
Venezuelan Law Governs Validity of Notes, Indenture, Agreement Governing Debt Issue
Albence v. Mennella
Publication Date: 2024-07-16Practice Area:Election and Political Law
Industry:State and Local Government
Court: Delaware Supreme CourtJudge: Justice TraynorAttorneys:For plaintiff: Kathleen Jennings, Attorney General of the State of Delaware, Alexander S. Mackler, Patricia A. Davis, Kenneth Wan, Delaware Department of Justice, Wilmington, DE; Donald B. Verrilli, Jr., Ginger D. Anders, Munger, Tolles & Olson LLP, Washington, DC for appellants.For defendant: M. Jane Brady, Brady Legal Group LLC, Lewes, DE; Noel H. Johnson, Public Interest Legal Foundation, Alexandria, VA for appellees.Case number: 120, 2024
Plaintiffs lacked standing to challenge voting procedures where one was not a candidate in the upcoming election cycle and the other's role as inspector of elections did not implicate the challenged procedures.
Conte v. Greenberg
Publication Date: 2024-02-19Practice Area:Corporate Governance
Industry:Consumer Products |
Manufacturing
Court: Court of ChanceryJudge: Vice Chancellor ZurnAttorneys:For plaintiff: Thomas A. Uebler, Terisa A. Shoremoun, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Melinda A. Nicholson, Nicolas Kravitz, Kahn Swick & Foti, LLC, New Orleans, LA; Roger A. Sachar, Newman Ferrara LLP, New York, NY; Domenico Minerva, Labaton Sucharow LLP, New York, NY for plaintiff.For defendant: A. Thompson Bayliss, E. Wade Houston, Eliezer Y. Feinstein, Daniel G. Paterno, Abrams & Bayliss LLP, Wilmington, DE; Brad D. Brian, John M. Gildersleeve, Abraham B. Dyk, Munger, Tolles & Olson LLP, Los Angeles, CA; Kenneth J. Nachbar, Susan W. Waesco, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Abby F. Rudzin, O’Melveny & Myers LLP, New York, NY; Matthew F. Davis, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Kenneth A. O’Brien, Jr., Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for defendants.Case number: 2022-0633-MTZ MEMORANDUM OPINION
Plaintiff failed to plead demand futility due to the lack of directors' personal liability for oversight and corporate waste claims, as the failure to implement a formal policy governing executives' personal use of corporate aircraft did not, by itself, amount to bad faith, and any financial loss from personal use constituted a fraction of a percentage of the company's expenses and profits.
Doubleline Capital GP LLC v. Barach
Publication Date: 2024-02-05Practice Area:Corporate Governance
Industry:Investments and Investment Advisory
Court: Court of ChanceryJudge: Vice Chancellor FioravantiAttorneys:For plaintiff: Thomas W. Briggs, Jr., Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Laura D. Smolowe, John M. Gildersleeve, Sara H. Worth, Munger, Tolles & Olson LLP, Los Angeles, CA for plaintiffs.For defendant: Michael A. Barlow, Quinn, Emanuel, Urquhart & Sullivan, LLP, Wilmington, DE; Steven G. Madison, Joseph Sarles, William Pilon, Quinn, Emanuel, Urquhart & Sullivan, LLP, Los Angeles, CA for defendants.Case number: 2022-0415-PAF
Court affirmed arbitration award where defendants failed to present evidence sufficient to show that the arbitral panel's interpretation of the parties' agreements was palpably incorrect.
OI European Group B.V. v. Bolivarian Republic of Venezuela
Publication Date: 2023-07-24Practice Area:Damages
Industry:Energy
Court: U.S. Court of Appeals for the Third CircuitJudge: Judge MateyAttorneys:For plaintiff: Aubre Dean, Kevin A. Meehan, Juan O. Perla, Joseph D. Pizzurro, and Allesandra D. Tyler, Curtis Mallet-Prevost Colt & Mosle, New York, NY for appellant.For defendant: Jonathan M. Albano, Christopher L. Carter, Morgan Lewis & Bockius, Boston, MA; Jody C. Barillare, Morgan Lewis & Bockius, Wilmington, DE; James D. Nelson, David B. Salmons, Morgan Lewis & Bockius, Washington, DC; Laura D. Jones, Peter J. Keane, Pachulski Stang Ziehl & Jones, Wilmington, DE; Robert H. Poole, II, Alston & Bird, Atlanta, GA; Rajat Rana, Alexander A. Yanos, Alston & Bird, New York, NY; Joshua S. Bolian, Riley & Jacobson, Nashville, TN; Marie McManus Degnan, Ashby & Geddes, Wilmington, DE; James E. Berger, DLA Piper, New York, NY; R. Craig Martin, DLA Piper, Wilmington, DE; Katherine G. Connolly, Norton Rose Fulbright, Los Angeles, CA; Matthew H. Kirtland, Norton Rose Fulbright, Washington, DC; Kevin J. Mangan, Stephanie S. Riley, Matthew P. Ward, Womble Bond Dickinson, Wilmington, DE; Ginger D. Anders, Kathleen A. Foley, Elaine J. Goldenberg, Donald B. Verrilli, Jr., Sarah Weiner, Munger Tolles & Olson, Washington, DC for appellees.Case number: 23-1647
Despite Venezuela's opposition leader being recognized by the U.S. as the legitimate leader of the Venezuelan government, the continued exercise of extensive control by the opposition leader and his rival over Venezuela's national oil company meant the company continued as the alter ego of Venezuela and its assets remained subject to attachment to satisfy Venezuela's judgment debts.
In re McDonald's Corp. Stockholder Derivative Litig.
Publication Date: 2023-03-14Practice Area:Corporate Governance
Industry:Food and Beverage |
Investments and Investment Advisory |
Retail
Court: Court of ChanceryJudge: Vice Chancellor LasterAttorneys:For plaintiff: Michael J. Barry, Christine M. Mackintosh, Rebecca A. Musarra, Vivek Upadhya, Michael D. Bell, Grant & Eisenhoffer P.A., Wilmington, DE; Barbara J. Hart, Grant & Eisenhoffer P.A., New York, NY; Geoffrey M. Johnson, Scott+Scott Attorneys At Law LLP, Cleveland Heights, OH; Jing-Li Yu, Scott+Scott Attorneys At Law LLP, New York, NY; Max R. Huffman, Scott+Scott Attorneys At Law LLP, San Diego, CA; Jeffrey M. Norton, Benjamin D. Baker, Newman Ferrara LLP, New York, NY for plaintiffs.For defendant: Garrett B. Moritz, S. Reiko Rogozen, Holly E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; Ronald L. Olson, George M. Garvey, Robert L. Dell Angelo, Brian R. Boessenecker, Munger, Tolles & Olson LLP, Los Angeles, CA; Daniel C. Herr, Law Offices of Daniel C. Herr LLC, Wilmington, DE; Shawn P. Naunton, Kathleen M. Miller, Julie M. O’Dell, Jason Z. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE for defendants.Case number: 2021-0324-JTL
The court granted defendant's motion to dismiss because plaintiff shareholders failed to plead facts sufficient to establish a claim for breach of fiduciary duty arising out of employee lawsuits and damaged reputation that resulted from the company's directors' decision to ignore red flags pertaining to a corporate culture that condoned sexual harassment and misconduct.
Maynard et al. v. Snapchat, Inc.
Publication Date: 2023-02-23Practice Area:Business Torts |
Personal Injury
Industry:Court: Georgia Court of AppealsJudge: Presiding Judge DoyleAttorneys:For plaintiff: Todd Henningsen, Michael Neff, (Attorney at Law), Atlanta, Darryl Adams, (Law Offices of Michael L. Neff), Atlanta, Susan Cremer, (Neff Law), Atlanta, Timothy Peagler, (Law Offices of Michael Lawson Neff, P.C.), Atlanta, Naveen Ramachandrappa, Michael Terry, Amanda Seals, (Bondurant, Mixson & Elmore LLP), Atlanta, for appellant.For defendant: Lori Cohen, Sean Jessee, Andrew Smith, (Greenberg Traurig LLP), Atlanta, Jonathan Blavin, John Major, (Munger, Tolles & Olson, LLP), San Francisco, Anne Conley, (Munger, Tolles & Olson, LLP), Los Angeles, for appellee; Robert Johnson, (Johnson & Alday LLC), Marietta, Anne Gower, (Attorney at Law), Atlanta, for other party.Case number: A20A1218
Party Injured in Auto Collision Adequately Stated Claim Negligently Designed Software Was Proximate Cause
In re McDonald's Corp. Stockholder Derivative Litig.
Publication Date: 2023-02-07Practice Area:Corporate Entities
Industry:Food and Beverage |
Investments and Investment Advisory
Court: Court of ChanceryJudge: Vice Chancellor LasterAttorneys:For plaintiff: Michael J. Barry, Christine M. Mackintosh, Rebecca A. Musarra, Vivek Upadhya, Michael D. Bell, Grant & Eisenhoffer P.A., Wilmington, DE; Barbara J. Hart, Grant & Eisenhoffer P.A., New York, NY; Geoffrey M. Johnson, Scott + Scott Attorneys At Law LLP, Cleveland Heights, OH; Jing-Li Yu, Scott + Scott Attorneys At Law LLP, New York, NY; Max R. Huffman, Scott + Scott Attorneys At Law LLP, San Diego, CA; Jeffrey M. Norton, Benjamin D. Baker, Newman Ferrara LLP, New York, NY for plaintiffs.For defendant: Garrett B. Moritz, S. Reiko Rogozen, Holly E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; Ronald L. Olson, George M. Garvey, Robert L. Dell Angelo, Brian R. Boessenecker, Munger, Tolles & Olson LLP, Los Angeles, CA; Daniel C. Herr, Law Offices of Daniel C. Herr LLC, Wilmington, DE; Shawn P. Naunton, Catherine S. Duval, Leila Bijan, Zuckerman Spaeder LLP, New York, NY; Kathleen M. Miller, Julie M. O’Dell, Jason Z. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE for defendants.Case number: 2021-0324-JTL
The court denied defendant's motion to dismiss on the grounds that plaintiff shareholders successfully pled facts sufficient to establish a claim for breach of fiduciary duty arising out of a corporate vice president's behavior consisting of condoning sexual harassment and breaching the duty of oversight.
Wells Fargo Bank, N.A. v. Estate of Malkin
Publication Date: 2022-06-07Practice Area:Insurance Law
Industry: Financial Services and Banking |
Insurance
Court: Delaware Supreme CourtJudge: Justice TraynorAttorneys:For plaintiff: A. Thompson Bayliss, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; Ginger D. Anders, Donald B. Verilli, Jr., Brendan B. Gants, Munger, Tolles & Olson LLP, Washington, DC; Stephen L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE; Samuel O. Patmore, Jenea M. Reed, Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. for appellants.For defendant: Donald L. Gouge, Jr., Donald L. Gouge, Jr., LLC, Wilmington, DE; Gregory J. Star, Michael L. Miller, Joseph M. Kelleher, Cozen O’Connor P.C., Philadelphia, PA for appellee.Case number: D69841
Bona fide purchaser or securities intermediary could not assert UCC defenses to estate's claim to recover death benefit from stranger-originated life insurance policy since Delaware public policy precluded any party from profiting off an illegal wager on human life.
El Omari v. The Int'l Criminal Police Org.
Publication Date: 2022-05-31Practice Area:Civil Procedure |
International Law
Industry:Court: U.S. Court of Appeals for the Second CircuitJudge: Circuit Judge Gerard LynchAttorneys:For plaintiff: For Plaintiff-Appellant: Scott M. Moore, Moore International Law PLLC, New York, NY.For defendant: For Defendant-Appellee: Jonathan S. Meltzer, on the brief, Ginger D. Anders, Munger, Tolles & Olson LLP, Washington, DC.Case number: 21-1458-cv
Interpol Is 'Public International Organization', Enjoys Sovereign Immunity Under IOIA