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Publication Date: 2022-01-04
Practice Area: Business Torts
Industry: Manufacturing
Court: Delaware Supreme Court
Judge: Justice Montgomery-Reeves
Attorneys: For plaintiff: Joseph B. Cicero, Aidan T. Hamilton, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Jeffrey H. Zaiger, Judd Lindenfeld, Zaiger LLC, Stamford, CT for appellant.
for defendant: John P. DiTomo, Sara Toscano, Morris, Nichols, Arsht, & Tunnell LLP, Wilmington, DE for appellee.
Case Number: D69664
The court held that appellant pled fraud with sufficient particularity where it alleged that appellee's transition employee told appellant's employee that the structural problems with a building were known for months prior to closing on the sale of the building and that there were repair estimates consistent with that knowledge.
Publication Date: 2021-12-28
Practice Area: Insurance Litigation
Industry: Insurance | Manufacturing
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: David J. Baldwin, Peter C. McGivney, Berger Harris LLP, Wilmington, DE; David B. Goodwin, Christine S. Haskett, Covington & Burling LLP, San Francisco, CA for appellant.
for defendant: Matthew Denn, Kelly Freund, John L. Reed, DLA Piper LLP (US), Wilmington, DE; Rachel A.H. Horton, DLA Piper LLP (US), Philadelphia, PA; Aidan M. McCormack, DLA Piper (US), New York, NY for appellee.
Case Number: D69658
The court held that the Superior Court erred when it ruled that post-judgment interest and pre-judgment interest should be calculated using the same rate.
Publication Date: 2021-12-21
Practice Area: Mergers and Acquisitions
Industry: Hospitality and Lodging
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Raymond J. DiCamillo, Kevin M. Gallagher, Sarah A. Clark, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Theodore N. Mirvis, William Savitt, Sarah K. Eddy, Ryan A. McLeod, Wachtell, Lipton, Rosen & Katz, New York, NY; Theodore B. Olson, Amir C. Tayrani, Gibson, Dunn & Crutcher LLP, Washington, D.C.; Adam H. Offenhartz, Marshall R. King, Gibson, Dunn & Crutcher LLP, New York, NY for appellant.
for defendant: A. Thompson Bayliss, Michael A. Barlow, April M. Kirby, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; Kathleen M. Sullivan, Michael B. Carlinsky, William B. Adams, Christopher D. Kercher, Rollo C. Baker IV, Todd G. Beattie, Jonathan E. Feder, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Kap-You Kim, Peter & Kim Attorneys at Law, Seoul, South Korea for appellees.
Case Number: D69651
Seller of hotel businesses breached ordinary course covenant by making material changes to operations in response to the COVID-19 pandemic, where the covenant did not contain a material adverse event exception and where seller failed to obtain buyer's consent to the changes.
Publication Date: 2021-12-21
Practice Area: Public Records
Industry: Education
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Theodore A. Kittila, William E. Green, Jr., Halloran Farkas + Kittila LLP, Wilmington, DE for Appellants.
for defendant: William E. Manning, James D. Taylor, Jr., Saul Ewing Arnstein & Lehr LLP, Wilmington, DE for appellees.
Case Number: D69650
The court agreed with the Superior Court that the papers requested by appellants under the Freedom of Information Act were not public records where the content of the papers did not relate to the expenditure of public funds.
Publication Date: 2021-12-14
Practice Area: Tax
Industry: E-Commerce
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: Anthony J. Testa, Jr., Matthew M. Warren, Michael B. Cooksey, Delaware Department of Justice, Wilmington, DE; Tiffany R. Moseley, Steven S. Rosenthal, Loeb & Loeb, Washington, DC for appellant
for defendant: Frank. J. Gallo, Kyle O. Sollie, Sebastian C. Watt, Benjamin P. Chapple, Reed Smith LLP, Wilmington, DE for appellee
Case Number: D69643
Division of revenue policy limiting the use of net operating loss to the amount claimed on a consolidated federal income tax return was inconsistent with operative state tax law which required each Delaware corporate taxpayer to calculate its income as if it had filed its federal return separately.
Law Journal Press | Digital Book
Authors: Charles F. Herring, JR, Jason M. Panzer, Leah Turner
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Publication Date: 2021-11-30
Practice Area: Insurance Law
Industry: Insurance
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Kenneth J. Nachbar, Megan Ward Cascio, Sabrina M. Hendershot, Morris, Nichols, Arsht, & Tunnell, LLP, Wilmington, DE, for appellant.
for defendant: Daniel R. Miller, Walden, Macht & Haran, LLP, Philadelphia, PA, for appellee.
Case Number: D69624
The court, in its en banc opinion, answered three certified questions that arose in District Court litigation: first, a death benefit payment made on a void insurance policy still qualified as a payment under a contract within the meaning of 18 Del. C. § 2704(b); second, the use of nonrecourse funding to pay premiums was not a violation of the insurance code without a showing of bad faith; third, fraud in an insurance application did not bar an estate's claim under § 2704(b) when the recipient of the death benefits cannot establish th
Publication Date: 2021-11-16
Practice Area: Patent Licensing and Transactions
Industry: Pharmaceuticals
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Joseph B. Warden, Douglas E. McCann, Fish & Richardson P.C., Wilmington, DE for appellants.
for defendant: Daniel A. O’Brien, Venable LLP, Wilmington, DE; Christopher P. Borello, Joshua D. Calabro, Venable LLP, New York, NY for appellee.
Case Number: D69609
The court affirmed the Court of Chancery ruling that the license agreement required appellant to provide a power of attorney to appellee for prosecution of product patents but held, contrary to the Court of Chancery, that the licensor/patent holder had advance approval rights for filings relating to its intellectual property incorporated into the subject product such that appellant was not required to give power of attorney for licensee to file a terminal disclaimer.
Publication Date: 2021-10-20
Practice Area: Government
Industry: State and Local Government
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: Stephani J. Ballard, Law Offices of Stephani J. Ballard, LLC, Wilmington, DE for appellant.
for defendant: David C. Skoranski, Delaware Department of Justice, Wilmington, DE for appellee.
Case Number: D69579
Legislative history and historical jurisprudence clearly indicated that "infamous crimes" that would render a person ineligible to hold public office only included felonies and not misdemeanors.
Publication Date: 2021-10-06
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Kevin G. Abrams, Eric A. Veres, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; John A. Neuwirth, Stefania D. Venezia, Amanda K. Pooler, Weil, Gotshal & Manges LLP, New York, NY for appellants.
for defendant: Ned Weinberger, Derrick Farrell, Mark Richardson, Labaton Sucharow LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrews & Springer LLC, Wilmington, Delaware; Steven J. Purcell, Douglas E. Julie, Robert H. Lefkowitz, Kaitlyn T. Devenyns, Purcell Julie & Lefkowitz LLP, New York, NY; Jeremy S. Friedman, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY for appellees.
Case Number: D69560
Court overruled the Gentile carve-out doctrine where it created analytical tension with Tooley and other legal doctrines permitted stockholders to pursue direct claims for fiduciary breaches.
Publication Date: 2021-09-29
Practice Area: Corporate Entities
Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Davis
Attorneys: For plaintiff: John L. Reed, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE for petitioners.
for defendant: Samuel A. Nolen, Richards, Layton & Finger, P.A., Wilmington, DE; Andrew Hammond, Michelle Letourneau-Belock, Bryan Beaudoin, White & Case LLP, New York, NY for respondent.
Case Number: D69551
The Delaware Supreme court held that stockholders could waive their statutory appraisal rights.
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