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Publication Date: 2019-06-19
Practice Area: Contractual Disputes
Industry: Manufacturing | Retail
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: John A. Sensing, Potter Anderson & Corroon LLP, Wilmington, DE; Mark S. Baldwin, Dylan P. Kletter and Anthony J. Boc-camazzo, Brown Rudnick LLP, Hartford, CT for plaintiff.
for defendant: S. Mark Hurd and Richard Li, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Mike Stenglein and Tracey M. Robert-son, King & Spalding LLP, Houston, TX for defendant.
Case Number: D68602
Although a seller should have disclosed a manufacturing defect, the buyer was not harmed.
Publication Date: 2019-06-12
Practice Area: Corporate Entities
Industry: E-Commerce
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer, LLC, Wilmington, DE; Geoffrey M. Johnson, Donald A. Broggi, Scott R. Jacobsen and Jing-Li Yu, Scott+Scott Attorneys at Law LLP, Cleveland Heights, OH and New York, NY for plaintiff City of Birmingham Relief and Retirement System. Ryan M. Ernst, O'Kelly Ernst & Joyce, LLC, Wilmington, DE; Thomas J. McKenna and Gregory M. Egleston, Gainey McKenna & Egleston, New York, NY for plaintiff Lidia Levy.
for defendant: David E. Ross and R. Garrett Rice, Ross of Aronstam & Moritz LLP, Wilmington, DE; Orin Snyder, Kristin A. Linsley, Brian M. Lutz, Paul J. Collins and Joshua S. Lipshutz, Gibson, Dunn & Crutcher LLP, New York, NY, San Francisco, CA, Palo Alto, CA and Washington, DC for defendant.
Case Number: D68594
Plaintiffs provided a credible basis to support their demand for corporate books and records, because they presented some ev-idence of the company's failure to ensure the privacy of users' data.
Publication Date: 2019-06-12
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Joseph H. Huston, Jr. and Stacey A. Scrivani, Stevens & Lee, P.C., Wilmington, DE; Todd C. Toral and AnnaMarie A. VanHoesen, Jenner & Block LLP, Los Angeles, CA for plaintiff.
for defendant: Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; J. Noah Hagey and Taylor Altman, Braunhagey & Borden LLP, New York, NY for defendants.
Case Number: D68593
A former limited partner no longer had standing to request books and records, because his interest in the company was fully redeemed at the time of the request.
Publication Date: 2019-06-05
Practice Area: Contractual Disputes
Industry: Investments and Investment Advisory | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: R. Craig Martin, Ethan H. Townsend and Peter H. Kyle, Wilmington, DE for plaintiffs
for defendant: John P. DiTomo, Ryan D. Stottmann and Coleen Hill, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendants
Case Number: D68585
A forum selection clause in the parties' agreement was mandatory. Motion to dismiss granted, without prejudice.
Publication Date: 2019-05-08
Practice Area: Corporate Entities
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Michael A. Weidinger and Joanne P. Pinckney, Pinckney, Weidinger, Urban & Joyce LLC, Wilmington, DE for plaintiff.
for defendant: William M. Lafferty, Susan W. Waesco, and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Bruce C. Doeg, John S. Hicks, and Christopher E. Thorsen, Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, Nashville, TN for defendants.
Case Number: D68552
Claim to company equity dismissed pursuant to laches where company repeatedly provided plaintiff over an 11-year period with documentation explicitly demonstrating that company did not acknowledge plaintiff's ownership of the equity at issue.
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Publication Date: 2019-03-13
Practice Area: Business Torts
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: P. Clarkson Collins, Jr. and Albert J. Carroll, Morris James LLP, Wilmington, DE; Charles J. Harder, Harder LLP, Beverly Hills, CA for plaintiffs.
for defendant: Richard G. Placey, McCracken Walker & Rhoads, LLP, Wilmington, DE; Carlos F. Gonzales and Matthew Pace of Rimon, P.C. , Coral Gables, FL and New York, NY for defendants.
Case Number: D68492
Defendants' counterclaims were time-barred, and defendants failed to demonstrate that tolling applied.
Publication Date: 2019-02-27
Practice Area: Corporate Governance
Industry: Consumer Products
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Thomas A. Uebler, McCollom D'Emilio Smith Uebler LLC, Wilmington, DE; Melinda A. Nicholson, Kahn Swick & Foti, LLC, New Orleans, LA; Roger Sachar, Newman Ferrara LLP, New York, NY for plaintiff.
for defendant: Kenneth J. Nachbar and Sabrina Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Jordan D. Hershman, Sarah Paige and Michael D. Blanchard, Morgan, Lewis & Bockius LLP, Boston, MA and Hartford, CT for defendant.
Case Number: D68473
Stockholder failed to establish a credible basis for demanding to inspect the company's books and records, because he made no showing of mismanagement or other wrongdoing.
Publication Date: 2019-02-13
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Kurt M. Heyman, Melissa N. Donimirski, and Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel, LLP, Wilmington, DE for plaintiff.
for defendant: Stephen B. Brauerman and Sara E. Bussiere, Bayard, P.A., Wilmington, DE; Craig H. Marcus, Glaser Weil Fink Howard Avchen & Shapiro LLP, Los Angeles, CA for defendant.
Case Number: D68454
Members erred in removing manager where manager specifically bargained for a "for cause" removal standard and members lacked cause to remove manager.
Publication Date: 2019-01-02
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: A. Thompson Bayliss and David A. Seal, Abrams & Bayliss LLP, Wilmington, DE for plaintiff.
for defendant: Robert S. Saunders, Arthur R. Bookout, Matthew P. Majarian, and Haley S. Stern, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington DE; John L. Reed, Ethan H. Townsend, Peter H. Kyle, and Harrison S. Carpenter, DLA Piper LLP, Wilmington, DE for defendants.
Case Number: D68407
Objecting shareholder could maintain parallel appraisal and breach of fiduciary duty claims where breach claims were based on failure to disclose material facts and shareholder sought traditional remedies for breach of fiduciary duty, such as rescission or disgorgement, rather than a quasi-appraisal remedy.
Publication Date: 2018-12-26
Practice Area: Corporate Governance
Industry: Consumer Products | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jessica Zeldin of Rosenthal, Monhait & Goddess, P.A., Wilmington, DE, Melinda A. Nicholson and Michael R. Robinson, Kahn Swick & Foti, LLC, Madisonville, LA; Robert C. Schubert of Schubert Jonckheer & Kolbe LLP, San Francisco, CA; Edward F. Haber of Shapiro Haber & Urmy LLP, Boston, MA for plaintiffs.
for defendant: Elena C. Norman, Young Conaway Stargatt & Taylor, LLP; Wilmington, DE; Jordan Eth, Anna Erickson White and Ryan M. Keats, Morrison & Foerster LLP, San Francisco, CA for defendants.
Case Number: D68405
Plaintiffs demonstrated demand futility, and their allegations were sufficient to state a claim against the company's board of directors for breach of fiduciary duty.
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