• Spanakos v. Pate

    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.

  • Eagle Force Holdings, LLC v. Campbell

    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.

  • In re Oracle Corp. Derivative Litig.

    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.

  • In re: HomeFed Corp. Stockholder Litig.

    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.

  • In re Oracle Corp. Derivative Litig.

    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.

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  • Eagle Force Holdings, LLC v. Campbell

    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.

  • Stone & Paper Investors, LLC v. Blanch

    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.

  • AM Gen. Holdings LLC v. The Renco Grp., Inc.

    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.

  • In re: Oracle Corp. Derivative Litig.

    Publication Date: 2020-07-08
    Practice Area: Corporate Governance
    Industry: 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: 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. A. Thompson Bayliss and E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John W. Spiegel, George M. Garvey and John M. Gildersleeve, Munger, Tolles & Olson LLP, Los Angeles, CA for defendant Goldberg. Andrew S. Dupre and Sarah E. Delia, McCarter & English, LLP, Wilmington, DE; Robert P. Feldman and Christopher D. Kercher, Quinn Emanuel Urquhart & Sullivan, LLP, Redwood Shores, CA and New York, NY for defendant Nelson. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A. , Wilmington, DE for nominal defendant Oracle Corp.

    Case Number: D69043

    Fiduciaries for an acquired entity did not engage in aiding and abetting, because they did not provide substantial assistance to the buyer's fiduciaries in breaching their duties.

  • Dohmen v. Goodman

    Publication Date: 2020-07-08
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Sarah M. Ennis, Morris James LLP, Wilmington, DE; Andrew B. Holmes and Matthew D. Taylor, Holmes, Taylor, Cowan & Jones LLP, Los Angeles, CA for appellant
    for defendant: Rodney Smolla, Wilmington, DE; Jeffrey C. Engerman, Law Offices of Jeffrey C. Engerman, P.C., Los Alamitos, CA for appellee.

    Case Number: D69038

    General partner had no duty of disclosure in a request for capital contribution directed at an individual limited partner, requiring the limited partner to prove reliance and causation to recover on a fiduciary duty claim.