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  • Garza v. Citigroup Inc.

    Publication Date: 2018-02-14
    Practice Area: Corporate Entities | Trusts and Estates
    Industry: Financial Services and Banking
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Krause
    Attorneys: For plaintiff: Thad. J. Bracegirdle, Andrea S. Brooks, Wilks, Lukoff & Bracegirdle LLC, Wilmington, DE, attorneys for plaintiff
    for defendant: Jeffrey L. Moyer, Travis S. Hunter, Arun J. Mohan, Richards Layton & Finger, P.A., Wilmington, DE, attorneys for defendant.
    Case Number: D68040

    Claim for accounting properly dismissed where estate failed to plead existence of fiduciary duty between decedent and bank, or basis to pierce corporate veil between bank and its parent.

  • IRA Trust FBO Bobbie Ahmed v. Crane

    Publication Date: 2018-02-07
    Practice Area: Corporate Entities
    Industry:
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman, Spencer Oster, and David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY; Jason M. Leviton and Joel Fleming, Block & Leviton LLP, Boston, MA, attorneys for plaintiff
    for defendant: William M. Lafferty and D. McKinley Measley, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Brian C. Ralston, Andrew H. Sauder, and Matthew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE, attorneys for defendants.
    Case Number: D68030

    Business judgment rule applied to controlling stockholders equity reclassification that perpetuated its control, where controller sought approval of special committee of disinterested, independent directors and of informed, unaffiliated stockholders.

  • Richard B. Gamberg 2007 Family Trust v. United Restaurant Group, L.P.

    Publication Date: 2018-02-07
    Practice Area: Contracts | Corporate Entities
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Eric M. Andersen for plaintiff
    for defendant: Rebecca L. Butcher, Joseph D. Wright and Travis J. Ferguson for defendant Atlantic Coast Dining, Inc. and individual defendants; Frank E. Noyes and Joyce A. Kuhns for defendant United Restaurant Group, L.P.
    Case Number: D68035

    Plaintiff failed to set forth facts sufficient to support a claim for reformation of a partnership agreement.

  • California State Teachers Ret. Sys. v. Alvarez

    Publication Date: 2018-02-07
    Practice Area: Corporate Entities | Corporate Governance
    Industry: Retail
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Stuart M. Grant, Michael J. Barry, and Nathan A. Cook; Grant & Eisenhofer, P.A., Wilmington, DE; Christine S. Azar, Ryan T. Keating, and Ned Weinberger, Labaton Sucharow LLP, Wilmington, DE; Daniel Girard, Amanda Steiner, Dena Sharp, Adam Polk, and Jordan Elias, Girard Gibbs LLP, San Francisco, CA; Thomas A. Dubbs, Louis Gottlieb, and Jeffrey A. Dubbin, Labaton Sucharow LLP, New York, NY; Frederic S. Fox, Hae Sung Nam, Donald R. Hall, and Jeffrey P. Campisi, Kaplan Fox & Kilsheimer LLP, New York, NY, attorneys for appellants
    for defendant: Donald. J. Wolfe, Steven C. Norman, and Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Theodore J. Boutrous and Alexander K. Mircheff, Gibson Dunn & Crutcher LLP, Los Angeles, CA; Mark A. Perry, Gibson Dunn & Crutcher LLP, Washington, DC, attorneys for appellees.
    Case Number: D68031

    Another jurisdiction's dismissal of derivative action for lack of demand futility had preclusive effect under federal law upon competing group of stockholders derivative litigation.

  • In re: Geneius Biotechnology, Inc.

    Publication Date: 2018-01-03
    Practice Area: Corporate Entities | Creditors' and Debtors' Rights
    Industry: Biotechnology
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Adam G. Landis, Rebecca L. Butcher, James S. Green, Jr., and Matthew R. Pierce, Landis Rath & Cobb LLP, Wilmington, DE, attorneys for petitioner
    for defendant: Patricia L. Enerio and Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Francis J. Early and Kaitlyn A. Crowe, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY, attorneys for respondent.
    Case Number: D67991

    Appointment of receiver denied where petitioner failed to establish companys insolvency, due to its ability to obtain further financing to continue operations.

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    Georgia Legal Malpractice Law 2024

    Authors: SHARI L. KLEVENS, ALANNA G. CLAIR

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  • City of Birmingham Ret. And Relief Sys. v. Good

    Publication Date: 2018-01-03
    Practice Area: Corporate Entities | Corporate Governance
    Industry: Energy | State and Local Government
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Martin S. Lessner, Kathaleen St. J. McCormick, Nicholas J. Rohrer, and Meryem Y. Dede, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Robert A. Hoffman, Jeffrey W. Golan, and Julie B. Palley, Barrack, Rodos & Bacine, Philadelphia, PA; Felipe J. Arroyo, Shane P. Sanders, and Gina Stassi, Robbins Arroyo LLP, San Diego, CA; Judith S. Scolnick, Donald. A. Broggi, and Thomas. L. Laughlin, Scott+Scott, Attorneys at Law, LLP, New York, NY; Peter B. Andrews and Craig J. Springer, Andrews & Springer LLC, Wilmington, DE; Alfred G. Yates, Law Offices of Alfred G.Yats, Jr., Pittsburgh, PA, attorneys for appellants
    for defendant: Kenneth J. Nachbar, Susan W. Waesco, and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Jack B. Jacobs, Sidley Austin LLP, Wilmington, DE; Steven M. Bierman, Andrew W. Stern, and Elizabeth A. Espinosa, Sidley Austin LLP, New York, NY, attorneys for appellees.
    Case Number: D67990

    Derivative complaint properly dismissed for failure to make litigation demand where stockholders allegations only established exculpated claim for directors bad faith, rather than personal liability for companys environmental violations.

  • Perry v. Neupert

    Publication Date: 2017-12-27
    Practice Area: Corporate Entities
    Industry: Legal Services
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Jeremy D. Anderson for plaintiff
    for defendant: Douglas D. Hermann and James H.S. Levine for defendants.
    Case Number: D67987

    The court found that a foundation was a party that should be joined for just resolution of a dispute.

  • In re Good Technology. Corp. Stockholder Litig.

    Publication Date: 2017-11-08
    Practice Area: Corporate Entities | Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Barron, A. Rick Atwood, and Esther Lee, Robbins Geller Rudman & Dowd LLP, San Diego, CA, attorneys for plaintiffs
    for defendant: Peter J. Walsh, Jr., Frank R. Martin, and Travis R. Dunkelberger, Potter Anderson & Corroon LLP, Wilmington, DE; William M. Lafferty, Ryan D. Stottman, and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Edward B. Micheletti, Alyssa S. O'Connell, Sarah Runnells Martin, and Lauren N. Rosenello, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE, attorneys for defendants.
    Case Number: D67927

    Submitting disputes to sole authority and exclusive jurisdiction of neutral party indicated parties intent to submit to arbitration, and designated neutral with conflicts of interest had authority to rule on procedural matters of appointing alternate arbiter.

  • 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.

  • Shawe v. Pincus

    Publication Date: 2017-10-11
    Practice Area: Corporate Entities
    Industry:
    Court: U.S. District Court of Delaware
    Judge: District Judge Sleet
    Attorneys: For plaintiff:
    for defendant: David L. Finger and David B. Goldstein for plaintiff Philip R. Shawe; Jeremy D. Eicher for plaintiff Shirley Shawe; Douglas D. Herman, John K. Villa, Charles Davant IV and Anne M. Rucker for defendant Robert B. Pincus; Joseph C. Handlon, Lauren E. Maguire and Ryan P. Connell for defendant Jeffrey W. Bullock.
    Case Number: D67901

    The federal court lacked subject matter jurisdiction over plaintiffs action which they filed after receiving an adverse state court ruling in a related matter. Motion to dismiss granted.