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  • RCS Creditor Trust v. Schorsch

    Publication Date: 2017-12-20
    Practice Area: Business Torts | Corporate Governance | REITS
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Philip Trainer, Jr., Marie M. Degnan, John P. Coffey, Gregory A. Horowitz, Jeffrey S. Trachtman, Eileen Patt and Jeffrey Dunlap for plaintiff
    for defendant: Elizabeth A. Sloan, Michael C. Miller, Michael G. Scavelli and Lara E. Romansic for defendant Block; Stephen P. Lamb, Me-ghan M. Dougherty, Allan J. Arffa, Gregory F. Laufer and Jeremy A. Benjamin for remaining defendants.
    Case Number: D67979

    Plaintiff adequately stated a claim for breach of fiduciary duty where officers and directors stood on both sides of a transac-tion which created an entity that defendants controlled by way of super-voting stock despite owning only a minority interest.

  • The Williams Co., Inc. v. Energy Transfer Equity, L.P.

    Publication Date: 2017-12-20
    Practice Area: Contracts | Mergers and Acquisitions
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Kenneth J. Nachbar, Zi-Xiang Shen, Sandra C. Goldstein, Antony L. Ryan and Kevin J. Orsini for plaintiff
    for defendant: Rolin P. Bissell, Tammy L. Mercer, James M. Yoch, Jr., Michael C. Holmes, John C. Wander, Michael L. Charlson and Craig E. Zieminski for defendants.
    Case Number: D67980

    A company which terminated a merger based on the failure of a condition precedent was not entitled to recover a termination fee under the terms of the parties merger agreement.

  • The Dow Chem. Co. v. Organik Kimya Holding A.S.

    Publication Date: 2017-11-01
    Practice Area: Trade Secrets
    Industry: Chemicals and Materials
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Rodger D. Smith II and Ryan D. Stottmann, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Charles K. Verhoeven, Raymond N. Nimrod, and James E. Baker, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY, attorneys for plaintiffs
    for defendant: Kathleen Furey McDonough, John A. Sensing, and Ryan C. Cicoski, Potter Anderson & Corroon LLP, Wilmington, DE; J. Robert Robertson and Benjamin Holt, Hogan Lovells US LLP, Washington, DC, attorneys for defendants.
    Case Number: D67920

    Long arm personal jurisdiction over foreign entity proper where it was alleged that the entity incorporated a domestic entity as an integral part of a scheme to misappropriate and commercialize trade secrets.

  • The City of Cambridge Ret. Sys. v. Universal Health Servs., Inc.

    Publication Date: 2017-11-01
    Practice Area: Corporate Entities
    Industry: Health Care | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Stuart Grant, Michael J. Barry, and Irene R. Lax, Grant & Eisenhofer P.A., Wilmington, DE; Mark Lebovitch, David Wales, and David MacIssac, Bernstein Litowitz Berger & Grossmann LLP, New York, NY, attorneys for plaintiff
    for defendant: Joseph C. Schoell and Ryan T. Costa, Drinker Biddle & Reath LLP, Wilmington, DE; Gary A. Orseck, Matthew M. Madden, and Joshua S. Bolian, Robbins Russell, Englert, Orseck, Untereiner & Sauber LLP, Washington, DC, attorneys for defendant.
    Case Number: D67919

    Incorporation-by-reference condition imposed upon grant of stockholders 220 demand where it would reasonably permit corporation to respond to future litigation by referring to documents in motion to dismiss.