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Publication Date: 2020-09-02
Practice Area: Corporate Governance
Industry: Consumer Products
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Ned Weinberger, Labaton Sucharow LLP, Wilmington, DE; John Vielandi and David MacIsaac, Labaton Sucharow LLP, New York, NY; Joel Friedlander, Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Jeremy S. Friedman and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; D. Seamus Kaskela, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
for defendant: Kevin R. Shannon, J. Matthew Belger and Nicholas D. Mozal of Potter Anderson & Corroon LLP, Wil-mington, DE; Gregory P. Williams, Raymond J. DiCamillo, Angela Lam and Kevin M. Regan, Richards Layton & Finger, P.A, Wilmington, DE; James W. Ducayet, Nilofer Umar, Benjamin Friedman and Zarine Alam, Sidley Austin LLP, Chicago, IL; Paul J. Lockwood, Alyssa S. O’Connell and Bonnie W. David, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Lauren E. Aguiar, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY; Patricia L. Enerio and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for defendants and nominal defendant.
Case Number: D69105
Stockholder alleged sufficient facts to support their claims for breach of contract and breach of fiduciary duty, so the court denied defendants' motion to dismiss.
Publication Date: 2020-09-02
Practice Area: Corporate Governance
Industry: Insurance
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Kurt M. Heyman and Gillian L. Andrews, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Gustavo F. Bruckner and Samuel J. Adams, Pomerantz LLP, New York, NY; Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Lee Squitieri, Squitieri & Fearon, LLP, New York, NY; James S. Notis and Jennifer Sarnelli, Gardy & Notis, LLP, New York, NY for plaintiffs.
for defendant: Raymond J. DiCamillo and Brian S. Yu, Richards, Layton & Finger, P.A., Wilmington, DE; Maeve O’Connor, Elliot Greenfield, Michael W. Gramer and Catherine Walsh, Debevoise & Plimpton LLP, New York, NY for defendants and nominal defendant.
Case Number: D69106
Plaintiffs failed to demonstrate demand futility in this action for breach of fiduciary duty, so the court granted defendants' motion to dismiss.
Publication Date: 2020-08-19
Practice Area: Corporate Governance
Industry: Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Montgomery-Reeves
Attorneys: For plaintiff: Carl D. Neff and Kasey H. DeSantis, Fox Rothschild LLP, Wilmington, DE; Manuel A. Mesa, Mesa & Pepin, LLC, Miami, FL for petitioner.
for defendant: Neil R. Lapinski, William M. Kelleher and Phillip A. Giordano, Gordon Fournaris & Mammarella, P.A., Wilmington, DE for respondents.
Case Number: D69093
Although a shareholder met the statutory prerequisites for a court-ordered election, the court properly rejected the petition because confusion existed regarding another state's orders.
Publication Date: 2020-08-05
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Harold M. Walter, Baltimore, MD for appellants.
for defendant: David L. Finger, Finger and Slanina, LLC, Wilmington, DE for appellee.
Case Number: D69054
Court did not err in dismissing case for lack of personal jurisdiction where it found parties' contracts were not binding agreements as objective evidence demonstrated that the parties had not unambiguously manifested their intent to be bound to the agreements.
Publication Date: 2020-08-05
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher P. Quinn and Bradley P. Lehman, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiff.
for defendant: Kevin R. Shannon, Berton W. Ashman, Jr. and David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses, Jonathan M. Wagner and Jason M. Moff, Kramer Levin Naftalis & Frankel LLP, New York, NY for Oracle Corp. special litigation committee. Elena C. Norman and Richard J. Thomas, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald and Blair Connelly, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Henley, James and Hurd. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for Oracle Corp.
Case Number: D69057
The court denied plaintiff's motion to compel because the documents sought were protected as work product and the op-posing party had not waived the privilege.
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Authors: Michael D. Malfitano
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Publication Date: 2020-07-29
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Real Estate
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 and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; Ned Weinberger, John Vielandi and David MacIsaac, Labaton Sucharow LLP, Wilmington, DE and New York, NY; D. Seamus Kaskela, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
for defendant: S. Mark Hurd and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; John P. Stigi III and Kristin P. Housh, Sheppard, Mullin, Richter & Hampton LLP, Los Angeles, CA and San Diego, CA for defendants Bienvenue and Borden. Bradley R. Aronstam and S. Michael Sirkin, Ross Aronstam & Moritz LLP, Wilmington, DE; Joseph S. Allerhand, Evert J. Christensen Jr. and Elizabeth M. Sytsma, Weil, Gotshal & Manges LLP, New York, NY for defendants Friedman, Hallac, Steinberg and Jeffries Fin. Group Inc.
Case Number: D69065
Plaintiffs' complaint adequately stated a claim for breach of fiduciary duty in connection with this minority squeeze-out transaction. Motions to dismiss denied.
Publication Date: 2020-07-22
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher P. Quinn and Bradley P. Lehman, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiff.
for defendant: Kevin R. Shannon, Berton W. Ashman, Jr. and David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses, Jonathan M. Wagner and Jason M. Moff, Kramer Levin Naftalis & Frankel LLP, New York, NY for Oracle Corp. special litigation committee. Elena C. Norman and Richard J. Thomas, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald and Blair Connelly, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Henley, James and Hurd. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for Oracle Corp.
Case Number: D69057
The court denied plaintiff's motion to compel because the documents sought were protected as work prod-uct and the opposing party had not waived the privilege.
Publication Date: 2020-07-22
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Harold M. Walter, Baltimore, MD for appellants.
for defendant: David L. Finger, Finger and Slanina, LLC, Wilmington, DE for appellee.
Case Number: D69054
Court did not err in dismissing case for lack of personal jurisdiction where it found parties' contracts were not binding agreements as objective evidence demonstrated that the parties had not unambiguously manifested their intent to be bound to the agreements.
Publication Date: 2020-07-15
Practice Area: Corporate Governance
Industry: Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Richard I.G. Jones, Jr., Berger Harris LLP, Wilmington, DE; David Lackowitz, Zaid Shukri, Moses & Singer LLP, New York, NY for plaintiff.
for defendant: Catherine Damavandi, Nurick Law Group, LLC for Blanch, Red Bridge and Clovis Holdings defendants. Evan O. Williford, The Williford Firm LLC, Wilmington, DE for Skinner defendants.
Case Number: D69052
Defendants adequately alleged counterclaims for breach of contract and unjust enrichment, but the court granted plaintiff's motion to dismiss the remainder of the counterclaims.
Publication Date: 2020-07-15
Practice Area: Corporate Governance
Industry: Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Robert A. Atkins, Steven C. Herzog, Harris Fischman, and Jeremy A. Benjamin, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for plaintiffs.
for defendant: Kevin G. Abrams, J. Peter Shindel, Jr., and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Andrew J. Frackman, Edward N. Moss, and Moshe Mandel, O’Melveny & Myers LLP, New York, NY for defendant.
Case Number: D69046
Managing member not required to obtain other member's consent to sale of capital stock assets where operating agreement expressly provided that consent for such a sale would only be required before a certain date.
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