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  • Otto Candies LLC v. KPMG, LLP

    Publication Date: 2019-05-08
    Practice Area: Business Torts | Civil Procedure
    Industry: Consulting | Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Terry L. Wit, A. William Urquhart, Juan P. Morillo, Derek L. Shaffer, and Lauren H. Dickie, Quinn Emanual Urquhart & Sullivan, LLP, San Francisco, CA and Washington, DC for plaintiffs.
    for defendant: Kevin R. Shannon, Matthew F. Davis, and Christopher N. Kelly, Potter Anderson & Corroon LLP, Wilmington, DE; Gregory G. Ballard and Jose F. Sanchez, Sidley Austin LLP, New York, NY; Todd Schlitz, Drinker Biddle & Reath LLP, Wilmington, DE; Robert A. Scher and Jonathan H. Friedman, Foley & Lardner LLP, New York, NY; Timothy Jay Houseal, Jennifer M. Kinkus, and William E. Gamgord, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Ana C. Reyes, Williams & Connolly, LLP, Washington, DC for defendants.
    Case Number: D68551

    Actions transferred from superior court to chancery court subject to a fully-briefed and argued motion to dismiss were subject to the chancery court's rule requiring plaintiffs subject to such a motion to either seek leave to amend or stand on their complaint and risk dismissal with prejudice; however, as a matter of first impression the court declined to enforce the rule on plaintiffs.

  • Takeda Pharm. U.S.A., Inc. v. Genentech, Inc.

    Publication Date: 2019-04-24
    Practice Area: Patent Litigation
    Industry: Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Philip A. Rovner and Jonathan A. Choa, Potter Anderson Corroon LLP, Wilmington, DE; William F. Cavanaugh, Irena Royzman, Jacob F. Siegel, Eric B. LaPre and Sara A. Arrow, Patterson Belnap Webb & Tyler LLP, New York, NY for plaintiffs.
    for defendant: Kelly E. Farnan and Blake Rohrbacher, Richards, Layton & Finger, P.A., Wilmington, DE; Robert W. Trenchard, Jane M. Love and Mark H. Mixon, Jr., Gibson, Dunn & Crutcher LLP, New York, NY for de-fendant.
    Case Number: D68539

    An alleged patent infringer had an adequate remedy at law in the form of a license defense in foreign patent litigation, so the Delaware court did not have subject matter jurisdiction in this declaratory relief matter.

  • Otto Candies, LLC v. KPMG LLP

    Publication Date: 2019-03-13
    Practice Area: Business Torts
    Industry: Financial Services and Banking | Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Terry L. Wit, A. William Urquhart, Juan P. Morillo, Derek L. Shaffer, and Lauren H. Dickie, Quinn Emanuel Urquhart & Sullivan, LLP, San Francisco, CA and Washingto, DC for plaintiffs.
    for defendant: Kevin R. Shannon, Matthew F. Davis, and Christopher N. Kelly, Potter Anderson & Corroon LLP, Wilmington, DE; Gregory G. Ballard and Jose F. Sanchez, Sidley Austin LLP, New York, NY; Todd Schlitz, Drinker Biddle & Reath LLP, Wilmington, DE; Robert A. Scher and Jonathan H. Friedman, Foley & Lardner LLP, New York, NY; Timothy J. Houseal, Jennifer M. Kinkus, and William E. Gamgort, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Ana C. Reyes, Williams & Connolly, Washington, DC, attorneys for defendants.
    Case Number: D68489

    Plaintiffs' negligent misrepresentation claim against their debtor's auditing firm dismissed where the court lacked personal jurisdiction over foreign subsidiaries and where there was no privity of contract or special relationship between plaintiffs and auditor or justifiable reliance on alleged misrepresentations.

  • Sheldon v. Pinto Tech. Ventures, L.P.

    Publication Date: 2019-02-06
    Practice Area: Corporate Governance | Securities Litigation
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Thad J. Bracegirdle and Scott B. Czerwonka, Wilks, Lukoff & Bracegirdle, LLC, Wilmington, DE; Jeff Joyce, Joyce & McFarland LLP, Houston, TX for plaintiffs.
    for defendant: Brian C. Ralston and Jacqueline A. Rogers, Potter Anderson Corroon LLP, Wilmington, DE; Danny Da-vid and Rebecca Huddle, Baker Botts LLP, Houston, TX for defendants Terry and Walker. Bruce E. Jameson and Samuel L. Closic, Prickett, Jones & Elliott, P.A., Wilmington, DE; B. Russell Horton, George Brothers Kincaid & Horton, L.L.P., Austin, TX for Pinto Tech., RiverVest and Bay City Capital defendants.
    Case Number: D68451

    Defendants' successful effort to enforce a forum selection clause in the court of another state did not preclude them from arguing that a shareholder action was derivative.

  • In the Matter of the Liqudation of the Indemnity Ins. Corp.

    Publication Date: 2018-12-26
    Practice Area: Insurance Law
    Industry: Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Christopher P. Simon and Kevin S. Mann, Cross & Simon, LLC, Wilmington, DE for the Insurance Commissioner, as receiver for Indemnity Ins. Corp., RRG, in liquidation.
    for defendant: David S. Eagle and Salley E. Veghte, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE for Branch Banking and Trust Co. Jeffrey B. Cohen, Bruceton Mills, WV for proposed intervenor.
    Case Number: D68402

    The court rejected a motion to intervene in this insurance company liquidation matter, because the motion was untimely and prejudiced creditors and policyholders.