Publication Date: 2022-11-15
Practice Area: Mergers and Acquisitions
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: John G. Harris, David B. Anthony, Berger Harris LLP, Wilmington, DE for plaintiffs.
for defendant: Kevin G. Abrams, J. Peter Shindel, Jr., April M. Ferraro, Abrams & Bayliss LLP, Wilmington, DE; Martin S. Lessner, Daniel M. Kirshenbaum, M. Paige Valeski, Wilmington, DE, Young Conaway Stargatt & Taylor, LLP; Beth I. Z. Boland, Foley & Lardner LLP, Boston, MA; Chelsea L. Hilliard, Foley & Lardner LLP, Dallas, TX; Stephen C. Norman, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; Eric Landau, Travis Biffar, Ellenoff Grossman & Schole LLP, Irvine, CA; Stephen C. Norman, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; Eric Landau, Travis Biffar, Ellenoff Grossman & Schole LLP, Irvine, CA; Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE, attorneys for defendants.
Case Number: 2021-0224-PAF
Fiduciary claims largely dismissed where plaintiffs engaged in group pleading, although the court declined to dismiss claims that specifically pled how controllers usurped a corporate opportunity from the nominal corporate defendant.