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Ontario Provincial Council of Carpenters' Pension Trust Fund v. Walton
Publication Date: 2023-05-09
Practice Area: Corporate Governance
Industry: Distribution and Wholesale | Pharmaceuticals | Retail
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Gregory V. Varallo, Mae Oberste, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Mark Lebovitch, Edward G. Timlin, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Leslie R. Stern, Nathaniel L. Orenstein, Steven L. Groopman, Berman Tabacco, Boston, MA; Ned Weinberger, Mark Richardson, Labaton Sucharow LLP, Wilmington, DE; David MacIsaac, Labaton Sucharow LLP, New York, NY for plaintiffs.
For defendant: Raymond J. DiCamillo, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Sean M. Berkowitz, Nicholas J. Siciliano, Latham & Watkins LLP, New York, NY; Andrew W. Stern, Charlotte K. Newell, Sidley Austin LLP, New York, NY; William M. Regan, Allison M. Wuertz, Hogan Lovells US LLP, New York, NY; Frank R. Volpe, Sidley Austin LLP, Washington, DC for defendants.
Case number: 2021-0827-JTL

Litigation demand was futile where allegations supported inference that directors and officers knew that the company was violating its legal obligations as a dispenser of prescription opioids in a conscious effort to maximize customer sales and profits.

April 27, 2023 | Connecticut Law Tribune

Redactions Problematic for Walmart in Opioid Liability Claims

Vice Chancellor J. Travis Laster decided that major claims passed the demand futility test.
3 minute read
April 27, 2023 | Delaware Business Court Insider

Bulk of Walmart Opioid Liability Claims May Move Toward Trial, Laster Rules

Vice Chancellor J. Travis Laster decided that major claims passed the demand futility test.
3 minute read
April 27, 2023 | Law.com

How I Made Partner: 'Do Not Overthink What Might Feel Like a Setback,' Says James T. Christie of Labaton Sucharow

"More often than not there is an opportunity for you to turn that setback into an advantage by rising to the occasion. The longer you dwell on the negative the less time you have to seize on the opportunity."
9 minute read
April 13, 2023 | Delaware Law Weekly

Walmart's Laches Defense in Opioid Prescriptions Case Rejected by Chancery Court

The decision provides guidance on the timeliness of claims seeking to hold management accountable for not putting in place adequate central compliance risk reporting systems.
3 minute read
Law Journal Press | Digital Book District of Columbia Legal Malpractice Law 2024 Authors: Shari L. Klevens, Alanna G. Clair View this Book

View more book results for the query "Labaton Sucharow"

April 13, 2023 | Delaware Business Court Insider

'Now Is the Appropriate Time': Chancery Court Rejects Walmart's Laches Defense in Opioid Prescriptions Case

The decision provides guidance on the timeliness of claims seeking to hold management accountable for not putting in place adequate central compliance risk reporting systems.
3 minute read
February 28, 2023 | National Law Journal

As Antitrust Enforcement Booms, Attorneys Eye AI and ESG as Emerging Targets

The Biden administration is ramping up antitrust investigations against Big Tech and other industry sectors. Meanwhile, attorneys are eyeing climate change and artificial intelligence as potential areas of future antitrust litigation.
5 minute read
February 13, 2023 | Law.com

Why Big Law Layoffs May Continue: The Morning Minute

The news and analysis you need to start your day.
4 minute read
February 10, 2023 | National Law Journal

Plaintiffs Attorneys Expect 2023 to Be Record-Setting Year for Securities Litigation Results

Crypto, Big Tech and the threat of a commercial real estate bubble are some of the areas plaintiffs attorneys are closely watching as targets of potential securities litigation this year.
4 minute read
January 31, 2023 | Delaware Business Court Insider

Proposed $4.6B Merger Leads to Lawsuit Against Cybersecurity Phishing Platform

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

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