• Coan v. Dunne

    Publication Date: 2019-04-22
    Practice Area: Bankruptcy | Creditors' and Debtors' Rights
    Industry: Investments and Investment Advisory
    Court: U.S. District Court for Connecticut
    Judge: District Judge Meyer
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 3:15-cv-00050

    Court Denied Defendant's Motion To Sever

  • Deutsche Bank AG v. Sebastian Holdings, Inc.

    Publication Date: 2019-04-22
    Practice Area: Civil Procedure | Corporate Entities | International Law
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: Connecticut Supreme Court
    Judge: Per Curiam
    Attorneys: For plaintiff:
    for defendant:

    Case Number: SC 20037

    Court Finds Judgment From Court In England Does Not Have Preclusive Effect

  • McElrath v. Kalanick

    Publication Date: 2019-04-17
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Michael J. Barry, Jeff A. Almeida and Rebecca A. Musarra, Grant & Eisenhofer, P.A., Wilmington, DE for plaintiff.
    for defendant: R. Judson Scaggs, Jr., Susan W. Waesco and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Susan S. Muck, Kevin P. Muck and Marie C. Bafus, Fenwick & West LLP, San Francisco, CA for defendants Camp, Graves, Huffinton, Al-Rumayyan, Gurley and Bonderman. Donald J. Wolfe, Jr., T. Brad Davey, J. Matthew Belger and Jacob R. Kirk-ham, Potter Anderson & Corroon LLP, Wilmington, DE for defendant Kalanick. Jody C. Barillare, Susan D. Resley and Marc J. Sonnenfield, Morgan, Lewis & Bockius LLP, Wilmington, DE for defendant Yoo. A. Thompson Bayliss and Michael A. Barlow, Abrams & Bayliss LLP, Wilmington, DE; Mark P. Gimbel, C. William Phillips and Bryant Pulsipher, Covington & Burling LLP, New York, NY and San Francisco, CA for defendant Uber Technologies.

    Case Number: D68533

    Plaintiff in this derivative action failed to demonstrate that demand on the board of directors would have been futile due to the directors' inability to exercise business judgment with regard to the matter.

  • Olenik v. Lodzinski

    Publication Date: 2019-04-17
    Practice Area: Deals and Transactions
    Industry: Energy | Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Jeremy S. Friedman, Spencer Oster and David F.E. Tejtel, Friedman Oster & Tejtel, PLLC, New York, NY; Ned Weinburger and Thomas Curry, Labaton Sucharow LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer and David Sborz, Andrews & Springer LLC, Wilmington, DE for plaintiff.
    for defendant: Kenneth J. Nachbar, D. McKinley Measley and Lauren Neal Bennett, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Gerard G. Pecht, Peter A. Stokes and William Patrick Courtney, Norton Rose Fullbright US LLP, Houston, TX and Austin, TX for defendants Lodzinski, Singleton, Bold Energy III LLC and Earthstone Energy, Inc. Rolin P. Bissell and James M. Yoch, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Craig E. Zieminski, Stephen S. Gilstrap, R. Kent Piacenti and Jeffrey Crough, Vinson & Elkins LLP, Dallas, TX for defendants Swanson, Thielmann, Zorich, EnCap Investments, Bold Energy Holdings, LLC and Oak Valley Resources, LLC.

    Case Number: D68531

    Plaintiff alleged sufficient facts to avoid dismissal of this derivative action, because substantive economic negotiations occurred prior to the formation of a special committee.

  • Duncan v. Vantage Corp.

    Publication Date: 2019-04-17
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Catherine A. Gaul and Aaron P. Sayers, Ashby & Geddes, Wilmington, DE; Raymond L. Moss and Michael P. Gilmore, Moss & Gilmore LLP for plaintiff.
    for defendant: Philip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; J. Allen Maines, Gregory J. Digel and Caroline Johnson Tanner, Holland & Knight LLP, Atlanta, GA for defendants Askew and Finegold.

    Case Number: D68530

    The court proceeded to consider a motion to dismiss as to individual defendants, even though the corporate defendants filed for bankruptcy.

  • Sun Life Assurance Co. of Canada v. Group One Thousand One, LLC

    Publication Date: 2019-04-10
    Practice Area: Contractual Disputes
    Industry: Insurance | Investments and Investment Advisory
    Court: Delaware Superior Court
    Judge: Judge LeGrow
    Attorneys: For plaintiff: Raymond J. DiCamillo, Travis S. Hunter and Renee M. Mosley, Richards, Layton & Finger, P.A., Wilmington, DE; Daniel M. Abuhoff and Matthew D. Forbes, Debevoise & Plimpton LLP, New York, NY for plaintiff.
    for defendant: Robert S. Saunders, Matthew P. Majarian and Daniel S. Atlas, Skadden, Arps, Slate, Meagher & Flown LLP, Wilmington, DE for defendant.

    Case Number: D68524

    A forum selection clause in the parties' stock purchase agreement could not confer jurisdiction on the chancery court where it was not otherwise available.

  • FIH LLC v. Foundation Capital Partners LLC

    Publication Date: 2019-04-05
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Gerard Lynch
    Attorneys: For plaintiff: For Plaintiff-Appellant: Ben Hutman, on the brief, Samuel J. Lieberman, Sadis & Goldberg LLP, New York, NY.
    for defendant: For Defendant-Appellee Joseph Elmlinger: Stephen J. Arena, on the brief, David G. Trachtenberg Trachtenberg Rodes & Friedberg LLP, New York, NY.For Defendant-Appellee Dean Barr: Peter M. Nolin, Carmody Torrance Sandak & Hennessey LLP, Stamford, CT. For Defendant-Appellee Thomas Ward: Stephen G. Walko, Andrea C. Sisca, Ivey, Barnum & O'Mara LLC, Greenwich, CT. For Defendant-Appellee Joseph Meehan: Jonathan P. Whitcomb, Diserio Martin O'Connor & Castiglioni LLP, Stamford, CT.

    Case Number: 18-357-cv

    LLC Agreement's Merger Clause Did Not Prevent Reasonable Reliance on Misrepresentations

  • Silver Management Group, Inc. v. AdvisorEngine Inc.

    Publication Date: 2019-04-03
    Practice Area: Contractual Disputes | Fee Disputes
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Raymond J. DiCamillo, Jeffrey L. Moyer and Nicole K. Pedi, Richards, Layton & Finger, P.A., Wilming-ton, DE for plaintiff.
    for defendant: David J. Teklits and Coleen W. Hill, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Gene W. Lee, Perkins Coie LLP, New York for defendant.

    Case Number: D68515

    The plain language of the parties' agreement excluded certain items from the licensing fee calculation and a party's attempt to terminate a contract was ineffective, so the court granted summary judgment on those matters.

  • English v. Narang

    Publication Date: 2019-04-03
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; W. Scott Holleman and Garam Choe, Johnson Fistel, LLP, New York, NY for plaintiffs.
    for defendant: Elena C. Norman and Daniel M. Kirshenbaum, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Joshua Z. Rabinovitz, Kirkland & Ellis LLP, Chicago, IL; Devora W. Allon, Kirkland & Ellis LLP, New York, NY for defendants.

    Case Number: D68510

    Breach of fiduciary duty following tender offer merger transaction dismissed where plaintiffs failed to present facts supporting allegation that controlling stockholder had motivation to engineer sale for personal liquidity concerns or that the board intentionally depressed company projections in the tender offer recommendation statement.

  • Morse v. Fisher Asset Mgmt., LLC

    Publication Date: 2019-04-01
    Practice Area: Dispute Resolution | Securities Litigation
    Industry: Investments and Investment Advisory
    Court: Superior Court
    Judge: Judge Murray
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 19-0333

    Trial court properly denied appellant's petition to vacate an arbitration award because the trial court's sustaining of appellees' preliminary objections and dismissing her original 2009 complaint did not stop the running of the statute of limitations and the applicability of the statutes of limitations was properly before the arbitrator. Affirmed.