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L-5 Healthcare Partners, LLC v. Alphatec Holdings, Inc.
Publication Date: 2024-09-03
Practice Area: Contracts
Industry: Financial Services and Banking | Biotechnology | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Cook
Attorneys:
For plaintiff: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Antonio Yanez, Jr., Brady Sullivan, Willkie Farr & Gallagher LLP, New York, NY; Alexander L. Cheney, Willkie Farr & Gallagher LLP, San Francisco, CA for plaintiff.
For defendant: Philip A. Rovner, Potter Anderson & Corroon LLP, Wilmington, DE; Krista M. Enns, Edward C. Wipper, Benesch Friedlander Coplan & Aronoff LLP, New York, NY for defendant.
Case number: 2019-0412-NAC

Court enforced contractual specific remedy provision where breaching party offered no persuasive argument for disregarding the clause and ordered the breaching party to perform at the value the warrant to purchase shares had at the time of its breach.

In re: CVS Opioid Ins. Litig.
Publication Date: 2024-09-03
Practice Area: Insurance Law
Industry: Distribution and Wholesale | Insurance | Manufacturing | Pharmaceuticals | Retail
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys:
For plaintiff: Garrett B. Moritz, R. Garret Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Michael S. Shuster, Daniel M. Sullivan, Blair E. Kaminsky, Daniel M. Horowitz, Holwell Shuster & Goldberg LLP, New York, NY; Robert M. Mangino, Susan Koehler Sullivan, Clyde & Co LLP, Los Angeles, CA; Robert J. Katzenstein, Julie M. O’Dell, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Christopher J. St. Jeanos, Willkie Farr & Gallagher LLP, New York, NY; Bruce W. McCullough, Bodell Bové, LLC, Wilmington, DE; Karen M. Dixon, Skarzynski Marick & Black LLP, Chicago, IL; Joseph B. Cicero, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Adam H. Fleischer, R. Patrick Bedell, Allyson C. Spacht, BatesCarey LLP, Chicago, IL; Louis J. Rizzo, Jr., Reger Rizzo & Darnall LLP, Wilmington, DE; Monica T. Sullivan, Matthew J. Fink, Leena Soni, Stephanie M. Flowers, Nicolaides Fink Thorpe Michaelides Sullivan LLP, Chicago, IL; Sean J. Bellew, Bellew LLC, Wilmington, DE; Michael A. Kotula, Rivkin Radler LLP; Loren R. Barron, Kaufman Dolowich LLP, Wilmington, DE; Wade A. Adams, III, Law Offices Of Wade A. Adams, III, Newark, DE; Bryce L. Friedman, Matthew C. Penny, Simpson Thacher & Bartlett LLP, New York, NY; Thad J. Bracegirdle, Sarah T. Andrade, Emily L. Skaug, Bayard, P.A., Wilmington, DE; Edward B. Parks, II, Sara Hunkler, Ruggeri Parks Weinberg LLP, Washington, D.C.; Kevin. J. Connors, Marshall Dennehey, P.C., Wilmington, DE; Cheryl P. Vollweiler, Skarzynski Marick & Black LLP, New York, NY; Philip Trainer, Jr., Marie M. Degnan, Ashby & Geddes, Wilmington, DE; Robert A. Kole, Caroline M. Trusty, Choate, Hall & Stewart LLP, Boston, MA; Marc S. Casarino, Kennedys CMK LLP, Wilmington, DE; Christopher R. Carroll, Jillian D. Dennehy, Joshua S. Wirtshafter, Kennedys CMK LLP, Basking Ridge, NJ; Robert K. Beste, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Keith Moskowitz, Dentons US LLP, Chicago, IL; Kathryn Guinn, Dentons US LLP, Denver, CO; Deborah J. Campbell, Dentons US LLP, St. Louis, MO for plaintiffs.
For defendant: David J. Baldwin, Peter C. McGivney, Zachary J. Schnapp, Berger Harris LLP, Wilmington, DE; Jeffrey L. Schulman, Blank Rome LLP, New York, NY for defendant.
Case number: N22C-02-045 PRW CCLD

Court ruled that insurers had no duty to indemnify opioid lawsuits where the lawsuits lacked specific allegations of personal injury or property damage underlying the claimed losses in those lawsuits.

Petroleos de Venezuela S.A. v. MUFG Union Bank N.A.
Publication Date: 2024-07-16
Practice Area: Creditors' and Debtors' Rights
Industry:
Court: U.S. Court of Appeals for the Second Circuit
Judge: 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

Appellate Division, First Department: April 8, 2024
Publication Date: 2024-04-08
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, First Department, Appeals & Motions
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Appeals & Motions List released on:April 4, 2024

In re: Ursa Operating Co., LLC
Publication Date: 2024-02-05
Practice Area: Bankruptcy
Industry: Energy
Court: U.S. Court of Appeals for the Third Circuit
Judge: Judge Porter
Attorneys:
For plaintiff: George A. Barton, Barton and Burrows, LLC, Mission, KS for appellants.
For defendant: Duston K. McFaul, Maegan Quejada, Sidley Austin LLP, Houston, TX; Robert S. Velevis, Sidley Austin LLP, Dallas, TX; Robert S. Brady, Edmon L. Morton, Kenneth J. Enos, Joseph M. Mulvihill, Young Conaway Stargatt & Taylor, Wilmington, DE; Ana Alfonso, Willkie Farr & Gallagher, New York, NY; John H. Knight, Amanda R. Steele, Richards Layton & Finger, Wilmington, DE for appellees.
Case number: 22-1729

Lower courts erroneously dismissed adversary complaint of property owners to recover improperly withheld oil and gas royalties where property owners, not extractor, had an equitable interest in the funds, and thus a constructive trust was an appropriate mechanism for relief.

Goldstein v. Denner
Publication Date: 2024-02-05
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Kevin H. Davenport, John G. Day, Jason W. Rigby, Prickett, Jones & Elliot P.A., Wilmington, DE; R. Bruce McNew, Cooch & Taylor P.A., Wilmington, DE; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Wilmington; DE; Randall J. Baron, Rick T. Atwood, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Brett Middleton, Johnson Fistel, LLP, New York, NY for plaintiff.
For defendant: Stephen E. Jenkins, Richard D. Heins, Ashby & Geddes, P.A., Wilmington, DE; Tariq Mundiya, Sameer Advani, Richard Li, M. Annie Houghton-Larsen, Willkie Farr & Gallagher LLP, New York, NY for defendants.
Case number: 2020-1061-JTL

Court imposed sanctions in the form of a factual presumption on a key issue, which defendants could only rebut with clear and convincing evidence, after defendants admittedly took no action to preserve electronically stored information in response to litigation hold notices.

Appellate Division, First Department: February 1, 2023
Publication Date: 2024-02-01
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, Second Department, Appeals & Motions List
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Appeals & Motions List released on:January 30, 2024

City of Hialeah Employees' Ret. Sys. v. Insight Venture Partners, LLC
Publication Date: 2024-01-08
Practice Area: Mergers and Acquisitions
Industry: Financial Services and Banking | Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Thomas Curry, Tayler D. Bolton, Saxena White P.A., Wilmington, DE; David Wales, Saxena White P.A., White Plains, NY; Adam Warden, Saxena White P.A., Boca Raton, FL; Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrew J. Peach, Jackson E. Warren, Jacob D. Jeifa, Wilmington, DE, Andrews & Springer LLC for plaintiff.
For defendant: Garrett B. Moritz, S. Reiko Rogozen, Ross Aronstam & Moritz LLP, Wilmington, DE; Steven M. Farina, George A. Borden, Brian T. Gilmore, Williams & Connolly LLP, Washington, DC; William M. Lafferty, Ryan D. Stottmann, Rachel R. Tunney, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Tariq Mundiya, Jeffrey B. Korn, Richard Li, Ciara A. Sisco, Willkie Farr & Gallagher LLP, New York, NY for defendants.
Case number: 2022-0846-MTZ

Plaintiff failed to plead demand futility for derivative complaint where controller's ability to remove board members by itself could not establish a lack of independence and a majority of the board's financial ties did not prevent them from exercising independent judgment.

In re: Ursa Operating Co., LLC
Publication Date: 2023-12-18
Practice Area: Bankruptcy
Industry: Energy | Mining and Resources
Court: U.S. Court of Appeals for the Third Circuit
Judge: Judge Porter
Attorneys:
For plaintiff: George A. Barton, Barton and Burrows LLC, Mission, KS for appellants.
For defendant: Duston K. McFaul, Maegan Quejada, Sidley Austin LLP, Houston, TX; Robert S. Velevis, Sidley Austin LLP, Dallas, TX; Robert S. Brady, Edmon L. Morton, Kenneth J. Enos, Joseph M. Mulvihill, Young Conaway Stargatt & Taylor LLP. Wilmington, Delaware; Ana Alfonso, Willkie Farr & Gallagher LLP, New York, NY; John H. Knight, Amanda R. Steele, Richards Layton & Finger, Wilmington, DE for appellees.
Case number: 22-1729

Wrongfully retained mineral royalties were not part of a debtor's estate where applicable state law granted lessors a property interest proceeds, meaning debtor had no equitable interest in the funds.

Appellate Division, First Department: November 6, 2023
Publication Date: 2023-11-06
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, Second Department, Appeals & Motions
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Appeals & Motions List released on:November 2, 2023

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