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  • Cleveland-Cliffs Burns Harbor LLC v. Boomerang Tube, LLC

    Publication Date: 2023-09-18
    Practice Area: Business Torts
    Industry: Financial Services and Banking | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Kevin M. Capuzzi, Kate Harmon, Benesch, Friedlander, Coplan & Aronoff LLP, Wilmington, DE; Andrew G. Fiorella, Nathan H. Boninger, Benesch, Friedlander, Coplan & Aronoff LLP, Cleveland, OH for plaintiffs.
    for defendant: Joseph B. Cicero, Thomas A. Youngman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Jeffrey H. Zaiger, Judd Linden, Zaiger LLC, New York, NY; David E. Ross, S. Michael Sirkin, Thomas C. Mandracchia, Ross Aronstam & Moritz LLP, Wilmington, DE for defendants.
    Case Number: 2022-0378-LWW

    Although unsecured creditor could not pierce the corporate veil as to the controller, it adequately pled fraudulent transfer and successor liability claims against an affiliate that acquired all of a fellow affiliate's assets, when the circumstances of the sale supported an inference that the transfer was designed to place assets out of creditors' reach.

  • Keller v. Steep Hill, Inc.

    Publication Date: 2023-09-11
    Practice Area: Corporate Governance
    Industry: Agriculture | Consulting | Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Bruce E. Jameson, Eric J. Juray, Jason W. Rigby, Robert B. Lackey, Prickett, Jones & Elliott, P.A., Wilmington, DE; Thomas H. Vidal, Shamar Toms-Anthony, Pryor Cashman LLP, Los Angeles, CA for plaintiff.
    for defendant: David A. Felice, Bailey & Glasser, LLP, Wilmington, DE; Evan W. Bolla, Megan Dubatowka, Harris St. Laurent & Wechsler LLP, New York, NY for defendant.
    Case Number: 2022-0098-MTZ

    Reasoning that under the plain language of 8 Del. C. § 145 a director or officer may recover for fees incurred by a wholly owned entity, the court held that plaintiff was entitled to indemnification for breach of contract claims brought against an entity owned by him as well as for counterclaims brought by him and the entity.

  • Hammann v. Adamis Pharm. Corp.

    Publication Date: 2023-09-04
    Practice Area: Corporate Governance
    Industry: Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Jerald Hammann, plaintiff pro se.
    for defendant: Rolin P. Bissell, James M. Yoch, Jr., Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Robert P. Ritchie, Jeremy R. Gonzalez, Vinson & Elkins L.L.P., Dallas, TX for defendants.
    Case Number: 2021-0506-PAF

    Stockholder's action to invalidate board election was moot where directors had completed their terms and the company had elected a new board.

  • Frontline Tech. Parent, LLC v. Murphy

    Publication Date: 2023-09-04
    Practice Area: Contracts
    Industry: Education | Software | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Laurence C. Cronin, Kelly A. Green, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; William J. Leahy, Tanner McCarron, Littler Mendelson, P.C., Philadelphia, PA for plaintiffs.
    for defendant: Richard P. Rollo, Travis S. Hunter, Tyler E. Cragg, Griffin A. Schoenbaum, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.
    Case Number: 2023-0546-LWW

    Former employees did not breach non-compete agreements where the agreements specifically defined competition as in the business lines of the employer's parent company rather than the employer that the employees worked for.

  • Steward Health Care Sys. LLC v. Tenet Bus. Serv. Corp.

    Publication Date: 2023-09-04
    Practice Area: Contracts
    Industry: Health Care
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Michael A. Barlow, Adam K. Schulman, Abrams & Bayliss LLP, Wilmington, DE; Anthony Bongiorno, Jessica Reese, Quinn Emanuel Urquhart & Sullivan, LLP, Boston, MA; Rollo C. Baker IV, Eric White, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for plaintiffs.
    for defendant: Lewis H. Lazarus, K. Tyler O’Connell, Albert J. Carroll, Barnaby Grzaslewicz, Morris James LLP, Wilmington, DE; Timothy W. Knapp, Brendan E. Ryan, Kent J. Hayden, Kirkland & Ellis LLP, Chicago, IL for defendants.
    Case Number: 2022-0289-SG

    Finding that that the asset purchase agreement executed by the parties had created a scheme for prorating Medicaid reimbursement distribution payments relating to the year in which closing on the hospitals occurred consistent with defendants' construction of the agreement, the court granted partial summary judgment to defendants.

  • Law Journal Press | Digital Book

    Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition

    Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner

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  • In re AMC Ent. Holdings, Inc. Stockholder Litig.

    Publication Date: 2023-08-28
    Practice Area: Corporate Governance
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Gregory V. Varallo, Daniel E. Meyer, Bernstein Litowitz Berger & Grossman LLP, Wilmington, DE; Mark Lebovitch, Edward Timlin, Bernstein Litowitz Berger & Grossman LLP, New York, NY; Michael J. Barry, Kelly L. Tucker, Jason M. Avellino, Grant & Eisenhofer, P.A., Wilmington, DE; Thomas Curry, Saxena White P.A., Wilmington, DE for plaintiffs.
    for defendant: Raymond J. DiCamillo, Kevin M. Gallagher, Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; John A. Neuwirth, Joshua S. Amsel, Tanner S. Stanley, Weil, Gotshal & Manges LLP, New York, NY for defendants.
    Case Number: 2023-0215-MTZ

    Court approved non-opt-out class for direct stockholder breach of fiduciary duty claims where obtaining opt-outs would be impractical under the circumstances and the proposed settlement provided relief to the entire class.

  • Evolve Growth Initiatives, LLC v. Equilibrium Health Solutions LLC

    Publication Date: 2023-08-07
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory | Recruitment and Staffing
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Kenneth J. Nachbar, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Andrew Z. Schwartz, Euripides Dalmanieras, Christian A. Garcia, Foley Hoag LLP, Boston, MA for plaintiffs.
    for defendant: Rudolf Koch, Travis S. Hunter, and Sara M. Metzler, Richards, Layton & Finger, P.A., Wilmington, DE; Motty Shulman, Centricity Law PLLC, New York, NY; Robin A. Henry, Fried, Frank, Harris, Shriver & Jacobson LLP, New York, NY for defendants.
    Case Number: 2022-1113-SG

    Although arbitral panel did not expressly address claims against one defendant in its award imposing joint and several liability against all defendants, that oversight did not rise to the level of significant error necessary to overturn an arbitration award where those theories of liability against the defendant were pled by claimants and thus before the panel for its consideration.

  • In Re AMC Ent. Holdings, Inc. Stockholder Litig.

    Publication Date: 2023-08-07
    Practice Area: Corporate Governance
    Industry: Entertainment and Leisure
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Gregory V. Varallo, Daniel E. Meyer, Bernstein Litowitz Berger & Grossman LLP, Wilmington, DE; Mark Lebovitch, Edward Timlin, Bernstein Litowitz Berger & Grossman LLP, New York, NY; Michael J. Barry, Kelly L. Tucker, Jason M. Avellino, Grant & Eisenhofer, P.A., Wilmington, DE; Thomas Curry, Saxena White P.A., Wilmington, DE for plaintiffs.
    for defendant: Raymond J. DiCamillo, Kevin M. Gallagher, Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; John A. Neuwirth, Joshua S. Amsel, Tanner S. Stanley, Weil, Gotshal & Manges LLP, New York, NY for defendants.
    Case Number: 2023-0215-MTZ

    The court declined to approve a proposed settlement on behalf of a putative class of common stockholders noting that the release would release not only claims associated with the common stock but also claims related to the ownership of preferred equity units, even though plaintiffs had not brought an action on behalf of a class of preferred equity unitholders.

  • Smash Franchise Partners, LLC v. Kanda Holdings, Inc.

    Publication Date: 2023-07-31
    Practice Area: Business Torts
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Richard I.G. Jones, Berger Harris LLP, Wilmington, DE; Tracy N. Betz, Neil Peluchette, Taft, Stettinius & Hollister LLP, Indianapolis, IN for plaintiff.
    for defendant: Andrew L. Cole, Cole Schotz P.C., Wilmington, DE; Steven K. Fedder, Fedder & Janofsky LLC, Baltimore, MD for defendants.
    Case Number: 2020-0302-JTL

    Fraud claims preempted by Delaware Uniform Trade Secrets Act where the claims involved the alleged misappropriation of proprietary business information, but such claims would fail as any fraudulently obtained information would not have caused the claimed damages.

  • Atallah v. Malone

    Publication Date: 2023-07-31
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: F. Troupe Mickler IV, Stephen E. Jenkins, Ashby & Geddes, P.A., Wilmington, DE; William J. Fields, Christopher J. Kupka, Samir Shukurov, Fields Kupka & Shukurov LLP, New York, NY; Gustavo F. Bruckner, Samuel J. Adams, Daryoush Behbood, Pomerantz LLP, New York, NY; Brian Schall, The Schall Law Firm, Los Angeles, CA for plaintiffs.
    for defendant: Kevin R. Shannon, Tyler J. Leavengood, Jaclyn C. Levy, Michael C. Gorski, Jr., Lucille E. Wiesner, Potter Anderson & Corroon LLP, Wilmington, DE; Richard B. Harper, Vern Cassin, Thomas E. O’Brien, Alyssa M. Pronley, Kristina Wenner, Baker Botts LLP, New York, NY; Bradley R. Aronstam, S. Reiko Rogozen, Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE; Joseph O. Larkin, Matthew P. Majarian, Rupal K. Joshi, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; James R. Carroll, Skadden, Arps, Meagher & Flom LLP, Boston, MA for defendants.
    Case Number: 2021-1116-SG

    The court denied defendants' motion to dismiss plaintiffs' derivative complaint which alleged that one defendant had made a sham offer to purchase another defendant's high vote stock to trigger a call right, which in turn resulted in significant monetary benefits to both defendants and harm to nominal defendant.