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  • Parks v. Horizon Holdings, LLC

    Publication Date: 2022-08-02
    Practice Area: Contracts
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Thomas V. Ayala, Sally E. Veghte, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE for plaintiffs.
    for defendant: Scott B. Czerwonka, Andrea S. Brooks, Wilks Law, LLC, Wilmington, DE for defendants.
    Case Number: D69902

    Restrictive covenants in agreements governing asset purchase transaction for the sale of a business were governed by Delaware law where the parties had contractually chosen Delaware and where parties challenging the enforceability of the covenants failed to show that their home state's law would apply in the absence of the contractual choice.

  • Lentz v. Mathias

    Publication Date: 2022-07-26
    Practice Area: Securities Litigation
    Industry: Construction | Investments and Investment Advisory | Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Andrew W. Lentz, plaintiff pro se
    for defendant: Shah Mathias, defendant pro se; Debra Mathias, defendant pro se; Robert Choiniere, defendant pro se; Bryan Elicker, defendant pro se; Robert Todd Reynold, defendant pro se; James Becker, defendant pro se; Steve Trout, defendant pro se; John W. Thompson, defendant pro se; Shahjahan C. Mathias, defendant pro se; Donald E. Williams, Jr., defendant pro se; Keith Doyle, defendant pro se; Suhail Matthias, defendant pro se; James Kingsborough, defendant pro se; Joseph Silbaugh, defendant pro se; Kevin Eisenhart, defendant pro se; Kurt Bauer, defendant pro se.
    Case Number: D69894

    Court issued temporary injunction barring tender offer after finding that controllers provided misleading and false disclosures in connection with the offer and had made coercive threats to induce non-tendering stockholders to tender.

  • Weinberg v. Waystar, Inc.

    Publication Date: 2022-07-19
    Practice Area: Contractual Disputes
    Industry: Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Steven P. Wood, Andrew S. Dupre, Travis J. Ferguson, McCarter & English, LLP, Wilmington, DE; Julie B. Porter, Salvatore Prescott Porter & Porter, Evanston, IL for plaintiff.
    for defendant: Kevin M. Gallagher, Caroline M. McDonough, Richards, Layton & Finger, P.A., Wilmington, DE; Sarah A. Zielinski, Amy Starinieri Gilbert, McGuireWoods LLP, Chicago, IL for defendants.
    Case Number: D69886

    Option grant was interpreted to grant employer the right to call exercised options following the employee's termination or following the employee's breach of their restrictive covenants; both events were not required to have occurred for the right to be available.

  • CPC Mikawaya Holdings, LLC v. MyMo Intermediate, Inc.

    Publication Date: 2022-07-12
    Practice Area: Mergers and Acquisitions
    Industry: Financial Services and Banking | Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Kevin R. Shannon, Christopher N. Kelly, Emma K. Diver, Potter Anderson & Corroon LLP, Wilmington, DE; John E. Schreiber, Aaron C. O’Dell, Winston & Strawn LLP, Los Angeles, CA for plaintiff.
    for defendant: A. Thompson Bayliss, April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Timothy R. Farrell, Ropes & Gray LLP, Chicago, IL; Patrick S. Doherty, Ropes & Gray LLP, London, UK; Sarah M. Milkovich, Ropes & Gray LLP, Boston, MA for defendants.
    Case Number: D69878

    Seller sufficiently alleged breach of written and oral contracts where merger agreement required buyer to complete pre-closing tax returns according to past practices and buyer instead used novel practices, but the change in practices was authorized by the parties' oral agreement in which the seller agreed to the change in exchange for receipt of the tax return proceeds.

  • The Olga J. Nowak Irrevocable Trust v. Voya Fin., Inc.

    Publication Date: 2022-07-12
    Practice Area: Insurance Law
    Industry: Insurance
    Court: Court of Chancery
    Judge: Chancellor Wharton
    Attorneys: For plaintiff: R. Bruce McNew, Cooch and Taylor, P.A., Wilmington, DE for plaintiff.
    for defendant: Tiffany Geyer Lydon, Ashby & Geddes, Wilmington, DE; David T. McDowell, Robert P. Debelak, Avi Moshenberg, Mcdowell & Heatherington LLP, Houston, TX for defendants.
    Case Number: D69881

    Laches barred life insurance contract reformation claim where defendant insurer had expressly stated years prior that it intended to rely on an interpretation of the policy contrary to the parties' previous understanding.

  • Law Journal Press | Digital Book

    Florida Community Association Litigation: Homeowners’ Associations and Condominiums 2019

    Authors: Ron M. Campbell

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  • In re Carvana Co. Stockholders Litig.

    Publication Date: 2022-07-12
    Practice Area: Corporate Governance
    Industry: Automotive | E-Commerce | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Nathan A. Cook, Block & Leviton LLP, Wilmington, DE; Christine M. Mackintosh, Rebecca A. Musarra, Grant & Eisenhofer P.A., Wilmington, DE; Ned Weinberger, Labaton Sucharow LLP, Wilmington, DE; Jason M. Leviton, Joel A. Fleming, Lauren Godles Milgroom, Amanda R. Crawford, Block & Leviton LLP, Boston, MA; Domenico Minerva, John Vielandi, David MacIsaac, Labaton Sucharow LLP, New York, NY for plaintiffs.
    for defendant: David E. Ross, Adam D. Gold, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Brian M. Lutz, Gibson, Dunn & Crutcher LLP, San Francisco, CA; Colin B. Davis, Katie Beaudin, Gibson, Dunn & Crutcher LLP, Irvine, CA; John L. Reed, Ronald N. Brown, III, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE for defendants.
    Case Number: D69879

    Stockholders sufficiently pled director conflict and lack of independence by alleging numerous personal and professional ties stretching back decades between the directors and the company's controlling family.

  • State v. Sweetwater Point, LLC

    Publication Date: 2022-07-12
    Practice Area: Real Estate
    Industry: Real Estate | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Gerald I.H. Street, John I. Ellis, Street & Ellis, P.A., Dover, DE; Bradley S. Eaby, State of Delaware Department of Justice, Dover, DE for petitioner.
    for defendant: Richard P. Beck, Richard Beck LLC, Centreville, DE; John H. Newcomer, Jr., Morris James LLP, Wilmington, DE for respondents.
    Case Number: D69880

    Motion to equitably divest the state from its superior title to a parcel under the doctrine of acquiescence denied where there was no evidence to charge the state with knowledge of competing party's possessory acts such that the state could be said to have acquiesced to such acts.

  • Wildfire Prods., LP v. Team Lemieux LLC

    Publication Date: 2022-07-12
    Practice Area: Corporate Governance
    Industry: Entertainment and Leisure
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Jon E. Abramczyk, Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Daniel H. Shapira, Robert M. Barnes, Daniel J. Stuart, Marcus & Shapira LLP, Pittsburgh, PA for plaintiff.
    for defendant: Kurt M. Heyman, Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Patricia L. Glaser, Craig H. Marcus, Nathaniel Wright, Glaser Weil Howard Avchen & Shapiro LLP, Los Angeles, CA for defendants.
    Case Number: D69882

    Professional sports league constitution required arbitration of ownership interest disputes before the league commissioner, and was not superseded by the team owners' partnership agreement since the league was not a party to that partnership agreement.

  • W.D.C. Holdings, LLC v. IPI Partners, LLC

    Publication Date: 2022-07-05
    Practice Area: Corporate Entities
    Industry: E-Commerce | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Stephen B. Brauerman, Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Christopher O. Murray, Julian R. Ellis, Jr., Brownstein Hyatt Farber Schreck, LLP, Denver, CO for plaintiffs.
    for defendant: Matthew F. Davis, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; Charles F. Connolly, Akin Gump Strauss Hauer & Feld, Washington, DC; Stephen M. Baldini, Stephanie Lindemuth, Akin Gump Strauss Hauer & Feld, New York, NY for defendants.
    Case Number: D69872

    Partner who was removed from joint venture plausibly alleged that co-venturer improperly asserted cause to exercise its removal rights, thereby constituting a non-exculpated breach of the joint venture agreement.

  • Parseghian v. Frequency Therapeutics, Inc.

    Publication Date: 2022-07-05
    Practice Area: Corporate Governance
    Industry: Biotechnology | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Samuel T. Hirzel, II, Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Adam C. Ford, Matthew A. Ford, Ford O’Brien, LLP, New York, NY for plaintiffs.
    for defendant: Elena C. Norman, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Deborah S. Birnbach, Jennifer Burns Luz, Matthew T. White, Goodwin Proctor LLP, Boston, MA; Kevin R. Shannon, Jaclyn C. Levy, Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE; Seth Goldman, Jacob H. Hupart, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY for defendants.
    Case Number: D69871

    Breach of fiduciary duty claim against company CEO dismissed where there were no factual allegations regarding the actual steps the CEO purportedly took to block plaintiff stockholders' efforts to sell their shares or that the CEO was even aware plaintiffs were seeking to transfer their stock.