• Channel Medsystems, Inc. v. Boston Scientific Corp.

    Publication Date: 2020-01-01
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Manufacturing
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; William M. Lafferty, Thomas W. Briggs, Jr., and Richard Li, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Andrew G. Gordon, Jaren Janghorbani, Paul A. Paterson, and Andrew J. Markquart, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for plaintiff.
    for defendant: Karen L. Pascale, James M. Yoch, Jr., and Paul J. Loughman, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Matthew M. Wolf, Edward Han, Amy DeWitt, Tara Williamson, William Louden, and William Young, Jr., Arnold & Porter Kaye Scholer LLP, Washington, DC, for defendant.

    Case Number: D68822

    Acquiring company breached merger agreement by failing to use commercially reasonable efforts to close where inaccuracies in merger agreement representations did not constitute a materially adverse event for the target company.

  • Dieckman v. Regency GP LP

    Publication Date: 2019-11-13
    Practice Area: Corporate Entities
    Industry: Energy
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Christine M. Mackintosh, Grant & Eisenhofer P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossman, LLP, Wilmington, DE; Jeroen van Kwawegen, Edward G. Timlin, and Tamara Gavrilova, Bernstein Litowitz Berger & Grossman LLP, New York, NY for plaintiff.
    for defendant: P. Bissell, Tammy L. Mercer, and Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Craig E. Zieminski, Kimberly R. McCoy, and Jeffrey Crough, Vinson & Elkins LLP, Dallas, TX for defendants.

    Case Number: D68767

    Conflicted merger transaction was not entitled to safe harbor protection under one party's limited partnership agreement where one member of the party's conflicts committee was not an independent director and where the false representation of the conflicts committee's independence rendered the proxy statement provided to common unitholders false and misleading.

  • In re: Transperfect Global, Inc.

    Publication Date: 2019-10-30
    Practice Area: Litigation
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Bouchard
    Attorneys: For plaintiff: David L. Finger, Finger & Slanina, LLC, Wilmington, DE; David B. Goldstein, Rabinowitz, Boudin, Standard, Krinsky & Lieberman, P.C., New York, NY; Alan M. Dershowitz, Cambridge, MA for Philip Shawe.
    for defendant: Frank E. Noyes, II and Charles A. McCauley, III, Offit Kurman, P.A., Wilmington, DE for TransPerfect Global, Inc. Jennifer C. Voss and Elisa M.C. Klein, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE for custodian. Jeremy D. Eicher, Ei-cher Law LLC, Wilmington, DE for Shirley Shawe. Kevin R. Shannon, Berton W. Ashman, Jr., Christopher N. Kelly, Jaclyn C. Levy and Matthew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE; Philip S. Kaufman and Jared I Heller, Kramer Levin Naftalis & Frankel LLP, New York, NY for Elizabeth Elting.

    Case Number: D68755

    Parties were in contempt because they filed a separate suit which deprived the chancery court of exclusive jurisdiction.

  • ITG Brands, LLC v. Reynolds Am., Inc.

    Publication Date: 2019-10-09
    Practice Area: Mergers and Acquisitions
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Stephen C. Norman and Matthew F. Davis, Potter Anderson & Corroon LLP, Wilmington, DE; Robert J. Brookhiser and Elizabeth B. McCallum, Baker & Hostetler LLP, Washington, DC for plaintiff.
    for defendant: Gregory P. Williams, Rudolf Koch, Robert L. Burns, and Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Peter J. Biersteker, C. Kevin Marshall, and William D. Coglianese, Jones Day, Washington, DC for defendant.

    Case Number: D68726

    Cross-motions for judgment on the pleadings denied where both parties advanced reasonable interpretations of their asset purchase agreement concerning the purchasing party's obligation to assume a post-closing judgment for payments under a pre-closing settlement agreement.

  • Avande, Inc. v. Evans

    Publication Date: 2019-08-28
    Practice Area: Labor Law
    Industry: Accounting | Health Care | Insurance
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Thad. J. Bracegirdle and Julie M. O’Dell, Wilks, Lukoff & Bracegirdle LLC, Wilmington, DE, Jerome R. Bowen, Bowen Law Offices, Las Vegas, NV for plaintiff.
    for defendant: Sean J. Bellew, Bellew, LLC, Wilmington, DE for defendants.

    Case Number: D68678

    Company could force former CEO to provide accounting of transactions with company owned by the CEO, but failed to make prima facie case to require CEO to undertake accounting of all other challenged transactions since many other company employees were authorized to make expenditures.

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  • Rojas v. Ellison

    Publication Date: 2019-08-14
    Practice Area: Corporate Governance
    Industry: Retail
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Thomas A. Uebler and Jeremy J. Riley, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Melinda A. Nicholson, Kahn Swick & Foti, LLC, New Orleans, LA; Roger A. Sachar, Newman Ferrara LLP, New York, NY for plaintiff.
    for defendant: William M. Lafferty, Susan W. Waesco and Riley T. Svikhart of Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Meryl L. Young, Jason J. Mendro and Lissa M. Percopo of Gibson, Dunn & Crutcher LLP, Irvine, CA and Washington, DC for defend-ants.

    Case Number: D68666

    In this derivative action, plaintiff failed to allege particularized facts that defendant directors acted in bad faith or to demon-strate demand futility.

  • JPMorgan Chase Bank, N.A. v. Ballard

    Publication Date: 2019-07-24
    Practice Area: Patent Licensing and Transactions
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Gregory P. Williams and John D. Hendershot, Richards, Layton & Finder, P.A., Wilmington, DE; Zachary G. Newman, Annie P. Kubic, and Steven R. Aquino, Hahn & Hessen LLP, New York, NY for plaintiff.
    for defendant: Michael A. Weidinger and Elizabeth Wilburn Joyve, Pinckney, Weidinger, Urban & Joyve LLC, Greenville, DE; Andrew D. Cordo, Ashby & Geddes, P.A., Wilmington, DE; Rachel A. Kerlek, Woods, Weidenmiller, Michetti & Rudnick, LLP, Naples, FL for defendants.

    Case Number: D68640

    Although having claim against corporation sufficient to confer §174 standing, claim was untimely where the six-year limitations period was a statute of repose not subject to tolling.

  • Acela Invs. LLC v. DiFalco

    Publication Date: 2019-05-29
    Practice Area: Corporate Governance
    Industry: Pharmaceuticals
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Peter B. Ladig and Brett M. McCartney, Bayard, P.A., Wilmington, DE; David H. Wollmuth and Michael C. Ledley, Wollmuth Maher & Deutsch LLP, New York, NY for plaintiffs
    for defendant: Norman M. Monhait and Carmella P. Keener, Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; William T. Reid, IV, Michael Yoder, Jordan L. Vimont, and Ryan M. Goldstein, Reid Collins & Tsai LLP, Austin, TX for defendants.

    Case Number: D68574

    Judicial dissolution of LLC warranted where manager attempted to amass unilateral control in violation of operating agreement's requirement that managers advise and consent on all board decisions and the operating agreement contained no workable mechanism to allow managers to break their deadlock.

  • Almond v. Glenhill Advisors, LLC

    Publication Date: 2019-04-24
    Practice Area: Mergers and Acquisitions
    Industry: Consumer Products | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Peter B. Ladig and Sara E. Bussiere, Bayard, P.A., Wilmington, DE; David H. Wollmuth and Michael C. Ledley, Wollmuth Maher & Deutsch LLP, New York, NY; David A. Jenkins, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Scott J. Watnik, Wilk Auslander LLP, New York, NY; Thomas A. Brown, Morea Schwartz Bradham Friedman & Brown LLP, New York, NY for plaintiffs.
    for defendant: Andrew D. Cordo and F. Troupe Mickler IV, Ashby & Geddes, Wilmington, DE; Adrienne M. Ward and Brian Katz, Olshan Frome Wolosky LLP, New York, NY; John B. Borgan, Ellenoff Grossman & Schole LLP, New York, NY; Douglas D. Herrmann, Pepper Hamilton LLP, Wilmington, DE; Paul B. Carberry, Joshua Weedman, and Erin Smith, White & Case LLP, New York, NY; Frederick B. Rosner, Scott J. Leonhardt, and Jason A. Gibson, The Rosner Law Group LLC, Wilmington, DE; S. Preston Ricardo, Golenbock Eiseman Assor Bell & Peskoe LLP, New York, NY; John D. Hendershot, Susan M, Hannigan, and Brian F. Morris, Richards, Layton & Finger, P.A., Wilmington, DE; Brian B. House, Foley & Lardner LLP, Milwaukee, WI for defendants.

    Case Number: D68534

    Plaintiffs' fee application pursuant to the corporate benefit doctrine denied under equitable principles where plaintiffs opposed company's efforts to judicially validate defective corporate acts identified by plaintiffs to succeed on their larger claim for damages.

  • English v. Narang

    Publication Date: 2019-04-03
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; W. Scott Holleman and Garam Choe, Johnson Fistel, LLP, New York, NY for plaintiffs.
    for defendant: Elena C. Norman and Daniel M. Kirshenbaum, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Joshua Z. Rabinovitz, Kirkland & Ellis LLP, Chicago, IL; Devora W. Allon, Kirkland & Ellis LLP, New York, NY for defendants.

    Case Number: D68510

    Breach of fiduciary duty following tender offer merger transaction dismissed where plaintiffs failed to present facts supporting allegation that controlling stockholder had motivation to engineer sale for personal liquidity concerns or that the board intentionally depressed company projections in the tender offer recommendation statement.