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Publication Date: 2024-01-22
Practice Area: Real Estate
Industry: Investments and Investment Advisory | Real Estate
Court: U.S. Bankruptcy Court
Judge: Judge Walrath
Attorneys: For plaintiff:
for defendant:
Case Number: 19-11466 (MFW)
Court declined to dismiss plaintiffs' claims where the parties unambiguously had an agreement creating an easement although certain terms in the agreements were susceptible to multiple interpretations, requiring further proceedings.
Publication Date: 2024-01-08
Practice Area: Insurance Law
Industry: Insurance | Investments and Investment Advisory
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Donald L. Gouge, Jr., Donald L. Gouge, Jr., LLC, Wilmington, DE for plaintiff.
for defendant: Steven L. Caponi, Mathew B. Goeller, K&L Gates LLP, Wilmington, DE for defendants.
Case Number: N20C-04-126 EMD CCLD
Life insurance was void ab initio where parties without an insurable interest in the life of the decedent used Delaware statutory trusts to conceal the illegal nature of the policy and facilitate payment of policy premiums.
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.
Publication Date: 2024-01-08
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Legal Services | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Julie Goldsmith Reiser, Molly J. Bowen, Brendan Schneiderman, Cohen Milstein Sellers & Toll PLLC, Washington, DC; Katherine Lubin Benson, Lieff Cabraser Heimann & Bernstein, LLP, San Francisco, CA; Nicholas Diamond, Gabriel A. Panek, Lieff Cabraser Heimann & Bernstein, LLP, New York, NY; Ellen Rosenblum, Attorney General, Brian A. de Haan, Senior Assistant Attorney General, Oregon Department of Justice, Portland, OR; Andrew E. Blumberg, Daniel E. Meyer, Bernstein Litowitz Berger & Grossman LLP, Wilmington, DE; Ned Weinberger, Labaton Sucharow LLP, Wilmington, DE; Christopher H. Lyons, Tayler D. Bolton, Robbins Geller Rudman & Dowd LLP, Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Lee Rudy, Eric L. Zagar, Geoffrey C. Jarvis, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Jeremy Friedman, David Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiffs.
for defendant:
Case Number: 2023-0418-JTL
Court granted the application of a plaintiff team to lead a consolidated derivative action where counsel had organized the stronger litigation team and the selected plaintiffs consistent of public agencies/officials with extensive financial experience.
Publication Date: 2024-01-01
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Pharmaceuticals
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: Samuel L. Closic, Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Gregory V. Varallo, Andrew Blumberg, Bernstein Litowitz Berger & Grossman LLP, Wilmington, DE for appellants.
for defendant: Stephen C. Norman, Jennifer C. Wasson, Tyler J. Leavengood, Christopher D. Renaud, Potter Anderson & Corroon LLP, Wilmington, DE; Michael S. Doluisio, Brittany Zoll, Christopher J. Merken, Dechert LLP, Philadelphia, PA; Matthew L. Larrabee, Hayoung Park, Julia Markham-Cameron, Dechert LLP, New York, NY; Michael D. Blanchard, Amelia Pennington, Morgan, Lewis & Bockius, LLP, Boston, MA for appellees.
Case Number: 22, 2023
Chancery court erred in adopting West Virginia court's factual findings through judicial notice where such facts were disputed by the parties to the present action.
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Publication Date: 2024-01-01
Practice Area: Insurance Law
Industry: Insurance | Investments and Investment Advisory | Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Seitz
Attorneys: For plaintiff: Kurt M. Heyman, Aaron M. Nelson, Kelly E. Rowe, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Scott B. Schreiber, William C. Purdue, Samuel I. Ferenc, Matthew L. Farley, Arnold & Porter Kaye Scholer LLP, Washington, D.C.; Bruce E. Jameson, John G. Day, Prickett, Jones, & Elliott, P.A., Wilmington, DE; Tammy Yuen, Juan Luis Garcia, Skarzynski Marick & Black, LLP, New York, NY; Robert J. Katzenstein, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Ronald P. Schiller, Daniel J. Layden, Hangley Aronchik Segal Pudlin & Schiller, Philadelphia, PA; Michael R. Goodstein, Bailey Cavalieri, Columbus, OH; Thomas J. Judge, Jason C. Reichlyn, Dykema Gossett, PLLC, Washington, D.C. for appellants.
for defendant: Jennifer C. Wasson, Carla M. Jones, Potter Anderson & Corroon LLP, Wilmington, DE; Robin L. Cohen, Keith McKenna, Meredith Elkins, Cohen Ziffer Frenchman & McKenna LLP, New York, NY for appellees.
Case Number: 478, 2022
Superior court erred in finding fraudulent transfer claims filed by a bankruptcy litigation trust to be derivative and falling under the definition of a "securities" claim in a corporate insurance policy where such claims only benefitted creditors rather than the company and thus were direct in nature.
Publication Date: 2024-01-01
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Thomas A. Uebler, Adam J. Waskie, Sarah P. Kaboly, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Rudolf Koch, Richards, Layton & Finger, Wilmington, DE for plaintiffs.
for defendant: Ryan D. Stottman, Thomas P. Will, Alec Hoeschel, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Michael B. Carlinsky, Rollo C. Baker, Jonathan E. Feder, Alison Y. Lo, Cohl K. Love, Stephanie Keleman, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for defendants.
Case Number: 2022-0970-JTL
Court declined to dismiss breach of contract claim where the statute of frauds did not conclusively apply and where there were factual disputes over whether the work under the alleged contract fell within the scope of plaintiff's employment.
Publication Date: 2023-12-25
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory | Real Estate | Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Bryson
Attorneys: For plaintiff:
for defendant:
Case Number: 22-785-WCB
Internal affairs doctrine did not prohibit federal court from exercising inherent powers to appoint receiver for foreign corporation under that corporation's home state's laws.
Publication Date: 2023-12-18
Practice Area: Business Torts
Industry: Biotechnology | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Stephen C. Norman, David A. Seal, Callan R. Jackson, Charles R. Hallinan, Potter Anderson, Wilmington, DE; Eric Landau, Travis Biffar, Ellenoff Grossman & Schole LLP, Irvine, CA for plaintiff.
for defendant: Andrew L. Cole, Jack M. Dougherty, Cole Schotz P.C., Wilmington, DE; Alan D. Albert, O’Hagan Meyer, PLLC, Wilmington, DE for defendants.
Case Number: 2022-1132-SG
Fraud claims brought by corporation against its former controller failed since the controller's knowledge of the alleged fraud would be imputed to the corporation and thus the claim effectively alleged that the controller defrauded himself.
Publication Date: 2023-12-18
Practice Area: Creditors' and Debtors' Rights
Industry: Consumer Products | Investments and Investment Advisory
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys: For plaintiff: Samuel T. Hirzel, Gillian L. Andrews, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for plaintiff.
for defendant: Jesse L. Noa, Potter, Anderson & Corroon LLP, Wilmington, DE for defendants.
Case Number: N22J-00660
Court denied motion to compel discovery in aid of execution where claimant was merely seeking merits-based discovery for another action for injunctive relief.
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