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Litigation Daily

Litigators of the Week: The Quinn Emanuel Team Who Put the Brakes on a Busted Deal and Got Their Client's $581M Deposit Back

After a 5-day virtual trial earlier, Quinn Emanuel's Michael Carlinsky, Andrew Rossman and John Rhie this week scored a 242-page opinion from the Delaware Court of Chancery handing a sweeping win to their client in merger litigation.
10 minute read

The Legal Intelligencer

Pa. Justices Hear Push to Expand 'Enterprise' Test for Piercing the Corporate Veil

The concept, known as the "enterprise theory" or "single entity theory" for piercing the corporate veil, would mark a significant change in the doctrine, widening the route for piercing the corporate veil.
4 minute read

Litigation Daily

'Fraud About Fraud': In Rare Ruling Letting a Buyer Walk Away from a Deal, VC Laster Blasts Gibson Dunn, Hands Win to Quinn

"With the benefit of hindsight, the ultimate failure of the transaction can be traced to Anbang and Gibson Dunn's decisions to withhold information about the fraudulent deeds and to delay taking action to remedy the problem," Vice Chancellor Travis Laster of the Delaware Court of Chancery wrote in a novel-length, 242-page opinion issued Monday.
6 minute read

Delaware Business Court Insider

Delaware Hotel Case Is First to Find Impact of COVID-19 Pandemic Can Void Sales

It can reasonably be expected that in light of Laster's ruling on the scope of the material adverse effect clause, sellers moving forward will try to include general, broad language in contracts to protect themselves and buyers will challenge that, said a Quinn Emanuel lawyer in the case.
3 minute read

Daily Business Review

Miami Beach's Delano, New York's Hudson Hotels Sell to Connecticut Firm

Eldridge bought the two hotels for an undisclosed price from SBE Entertainment Group.
2 minute read

New York Law Journal

DiFiore Says New Jury Trials Are Not 'Wise or Prudent' as Coronavirus Cases Surge

"Our No. 1 priority is the health and safety of our judges, our professional staff and the public we serve," the chief judge said.
3 minute read

Delaware Business Court Insider

Attorney for Former McDonald's CEO Says Equity Agreements Bar Delaware Claims

Vice Chancellor Joseph R. Slights III repeatedly pushed back against claims made by Kristen Hudson of the Texas-based Benson Firm that allegations against former McDonald's CEO Stephen Easterbrook should be pursued in Illinois.
5 minute read

New York Law Journal

NY Bars, Restaurants Subject to New Virus Restrictions, Cuomo Says

Courts have largely sided with the Cuomo administration in cases challenging coronavirus restrictions, but it remains unclear if the rules will prompt new litigation.
4 minute read

New Jersey Law Journal

The House Always Wins—Except When It Loses Its Trade Secrets: Casinos Point to Litigation Trend

The case appears to bolster predictions of a coming boom in trade secret litigation in light of the COVID-19 pandemic, which has prompted more remote workers to use phones, laptops or thumb drives to carry home confidential information.
4 minute read

Daily Business Review

5 South Florida Attorneys Address Litigation Implications of Biden Administration on Cuban Relations

Raquel A. Rodriguez said the litigation with the most immediate implications involves claims made under the 1996 Helms-Burton Act, which enshrined an embargo on Cuba into statute largely due to its human rights violations.
5 minute read

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