• Angel v. Warrior Met Coal Inc.

    Publication Date: 2021-07-14
    Practice Area: Corporate Entities
    Industry: Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Julia B. Klein, Klein LLC, Wilmington, DE for plaintiff.
    for defendant: Matthew F. Davis, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; Stephen M. Baldini, Brian Carney, Stephanie Lindemuth, Akin Gump Strauss Hauer & Feld LLP, New York, NY for defendant.

    Case Number: D69462

    Breach of contract, breach of fiduciary duty, and conversion claims, arising from debtor's failure to exercise his rights to receive distribution pursuant to bankruptcy court order, failed where debtor had not identified a contract or fiduciary duty for defendants to ensure he had notice of the condition precedent to debtor receiving the distribution.

  • Goldberg v. Bruck

    Publication Date: 2021-07-07
    Practice Area: Corporate Entities
    Industry: Biotechnology | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE; Gregory Zimmer, New York, NY for petition-er.
    for defendant: Richard P. Rollo, Sarah A. Clark, Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Barry Ka-zan, Mintz & Gold LLP, New York, NY; Faith Charles, Thompson Hine LLP, New York, NY for respondents.

    Case Number: D69457

    Two individuals had been properly appointed to a board of directors in accordance with the procedures set forth in the company's governing documents, so the court granted a motion to dismiss.

  • Manichaean Capital, LLC v. Exela Tech., Inc.

    Publication Date: 2021-06-09
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Matthew W. Murphy, Andrew L. Milam, Richards, Layton & Finger, P.A., Wilmington, DE; Samuel J. Lieberman, Alexander H. McCabe, Sadis & Goldberg LLP, New York, NY; Steven K. Davidson, Mi-chael J. Baratz, Claire Schachter, Lauren Goldschmidt, Steptoe & Johnson LLP, Washington, DC for plaintiffs.
    for defendant: T. Bradley Davey, Matthew F. Davis, Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; Jennifer Barrett, Dennis H. Hranitzky, Blair Adams, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for defendants.

    Case Number: D69428

    The court held that reverse corporate veil piercing was proper where plaintiffs' complaint adequately al-leged that a company's subsidiaries participated in a scheme to deprive plaintiffs of the benefit of their judg-ment.

  • In re: TransPerfect Global, Inc.

    Publication Date: 2021-05-19
    Practice Area: Corporate Entities
    Industry: Consulting
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Kevin R. Shannon, Potter Anderson & Corroon LLP, Wilmington, DE; Philip S. Kaufman, Kramer Levin Naftalis & Frankel LLP, New York, NY for petitioner.
    for defendant: Jeremy D. Eicher, Eicher Law LLC, Wilmington, DE; David B. Goldstein, Rabinowitz, Boudin, Standard, Krinsky & Lieberman, P.C., New York, NY for respondent Shawe. Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Adam K. Bult, Brownstein Hyatt Farber Schreck, LLP, Las Vegas, NV for nominal party TransPerfect Global.

    Case Number: D69399

    Court-appointed corporate custodian was entitled to reimbursement of fees and expenses incurred in responding to majority owner's frivolous litigation challenging custodian's fee petitions.

  • Gross v. Biogen Inc.

    Publication Date: 2021-04-28
    Practice Area: Corporate Entities
    Industry: Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Kurt M. Heyman, Gillian L. Andrews, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Gustavo F. Bruckner, Daryoush Behbood, Pomerantz LLP, New York, NY for plaintiff.
    for defendant: Kevin G. Abrams, J. Peter Shindel, Jr., Eliezer Y. Feinstein, Abrams & Bayliss LLP, Wilmington, DE for de-fendant.

    Case Number: D69378

    Shareholder demonstrated a proper purpose for his books and records request, but the court limited the scope of the inspection to formal materials considered by the board.

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  • Seokoh, Inc. v. Lard-PT, LLC

    Publication Date: 2021-04-21
    Practice Area: Corporate Entities
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Jacob R. Kirkham, Kobre & Kim LLP, Wilmington, DE; Robin J. Baik, Leif T. Simonson, S. Nathan Park, Kobre & Kim LLP, New York, NY for petitioner.
    for defendant: John G. Harris, Peter C. McGivney, Berger Harris LLP, Wilmington, DE; Stuart Kagen, Russell Bogart, Ka-gen, Caspersen & Bogart PLLC, New York, NY for respondent.

    Case Number: D69373

    The court found that petitioner had alleged a reasonably conceivable basis upon which judicial dissolution was warranted, so it denied respondent's motion to dismiss.

  • Giesecke+Devrient Mobile Security Am., Inc. v. NXT-ID, Inc.

    Publication Date: 2021-03-31
    Practice Area: Corporate Entities
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Lewis H. Lazarus, K. Tyler O’Connell, Bryan Townsend, Morris James LLP, Wilmington, DE; Aryeh S. Portnoy, Emily Alban, Crowell & Moring LLP, Washington, DC for plaintiff.
    for defendant: S. Mark Hurd, Alexandra M. Cummings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Michael T. Sullivan, David E. Danovitch, Clark A. Freeman, Sullivan & Worcester LLP, New York, NY for defendant.

    Case Number: D69345

    The plain language of a contract provided that a holder of preferred stock was entitled to dividends at a higher rate in perpetuity.

  • Jacob v. Bloom Energy Corp.

    Publication Date: 2021-03-10
    Practice Area: Corporate Entities
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Sam Bonderoff, James Ostaszewski, Matthew Hendrickson, Zamansky LLC, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, John M. Seaman, Eliezer Y. Feinstein, Abrams & Bayliss LLP, Wilmington, DE for defendant.

    Case Number: D69321

    Stockholder established a proper purpose for the inspection of corporate books and records, but the court limited the scope of some of the requests.

  • Mehra v. Teller

    Publication Date: 2021-02-17
    Practice Area: Corporate Entities
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: John L. Reed, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE; Patrick J. Smith, Brian T. Burns, Nicholas J. Karasimas, Smith Villazor LLP, New York, NY for plaintiffs.
    for defendant: Jon E. Abramczyk, D. McKinley Measley, Alexandra M. Cumings, Elizabeth A. Mullin, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendants.

    Case Number: D69300

    Although one member of a limited liability company contrived circumstances leading to a deadlock, the facts established that the parties had an irreconcilable disagreement which warranted dissolution of the com-pany.

  • AluminumSource, LLC v. LLFlex, LLC

    Publication Date: 2021-02-03
    Practice Area: Corporate Entities
    Industry: Manufacturing
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff: Thad J. Bracegirdle, Bayard, P.A., Wilmington, DE; Elliot Richardson, Michele D. Dougherty, Ryan D. Gibson, Korey Richardson LLC, Chicago, IL for plaintiff.
    for defendant: Benjamin A. Smyth, McCarter & English, LLP, Wilmington, DE; Andrew Gold, Erica Gomer, Akerman LLP, Fort Lauderdale, FL for defendant.

    Case Number: D69279

    Fraudulent inducement claim failed where plaintiff had merely asserted dispute over calculation of the price adjustment to the contract purchase price, which was more appropriately characterized as a breach of contract claim rather than a fraud claim.