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Publication Date: 2022-05-17
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Max B. Walton, Kyle Evans Gay, Connolly Gallagher LLP, Newark, DE; Michael K. Ross, Thomas Shakow, Serine Consolino, Aegis Law Group LLP, Washington, DC for plaintiff.
for defendant: Stephen B. Brauerman, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Deborah B. Baum, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC; Neal C. Belgam, Kelly A. Green, Jason Z. Miller, Smith Katzenstein & Jenkins LLP, Wilmington, DE for defendants.
Case Number: D69814
Board was substantially justified in approving stock sale that diluted equal stockholder's interest, where it mooted that stockholder's legal action that posed a risk of triggering termination of the company's key contracts.
Publication Date: 2021-06-16
Practice Area: Contracts
Industry: Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Myron T. Steele, John A. Sensing, Jesse L. Noa, Potter Anderson & Corroon LLP, Wilmington, DE; Cory E. Manning, Nelson Mullins Riley & Scarborough LLP, Columbia, SC; Carrie A. Hanger, Nelson Mullins Riley & Scarborough LLP, Winston-Salem, NC, Wesley T. Moran, Nelson Mullins Riley & Scarborough LLP, Myrtle Beach, SC for plaintiff.
for defendant: Steven L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE, for defendant.
Case Number: D69432
Plaintiff's need for defendant to fulfill its contractual windup obligations sufficiently stated a basis for equitable relief that could trigger the chancery court's jurisdiction, further permitting it to exercise ancillary jurisdiction over plaintiff's legal claims despite defendant's related breach of contract suit in the superior court.
Publication Date: 2021-03-24
Practice Area: Contracts
Industry: Consulting | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: ohn M. Seaman, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; William C. Price, Michael T. Zeller, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for plaintiff.
for defendant: Gregory P. Williams, Robert L. Burns, Megan E. O’Connor, Richards, Layton & Finger, P.A, Wilmington, DE; Kathleen H. Goodhart, Cooley LLP, San Francisco, CA for defendant.
Case Number: D69336
Chancery court could exercise subject matter jurisdiction over alleged breach of contract claim where equitable relief might be required for breach of a NDA to prevent future misappropriation and because calculation of legal damages due to prior misappropriation could prove difficult.
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.
Publication Date: 2021-02-10
Practice Area: Labor Law
Industry: State and Local Government
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Aaron C. Baker, Robert M. Goff, Jr., Edward J. Kosmowski, City of Wilmington Law Department, Wilmington, DE for plaintiff.
for defendant: Jeffrey M. Weiner, Jeffrey M. Weiner, Esquire, Wilmington, DE for defendant.
Case Number: D69288
Alterations to residency form were subject to mandatory collective bargaining where residency was not expressly defined under Delaware law nor expressly excluded from the scope of collective bargaining by public employers.
Law Journal Press | Digital Book
Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner
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Publication Date: 2021-01-27
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Richard P. Rollo, Travis S. Hunter, Sarah A. Clark, Robert B. Greco, Angela Lam, Richards, Layton & Fin-ger, P.A., Wilmington, DE for plaintiff.
for defendant: Brad D. Sorrels, Andrew D. Cordo, Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; A. Thomspon Baylis, Adam K. Schulman, Abrams & Bayliss LLP, Wilmington, DE; Bruce A. Ericson, Sta-cie O. Kinser, Pillsbury Winthrop Shaw Pittman LLP, San Francisco, CA; David J. Teklits, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendants.
Case Number: D69274
The court granted motions to dismiss with respect to one group of defendants because some of plaintiff's claims were time-barred, and plaintiff failed to allege sufficient facts to support the remaining claims against those particular defendants.
Publication Date: 2021-01-13
Practice Area: Mergers and Acquisitions
Industry: Health Care | Insurance
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Matthew P. Denn, Kelly L. Freund, DLA Piper LLP, Wilmington, DE; A. Thompson Bayliss, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE for plaintiffs.
for defendant: Kevin M. Coen, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Glenn M. Kurtz, White & Case LLP, New York, NY for defendants.
Case Number: D69256
Indemnification claims could not "relate back" to earlier where parties' contract required claims to be submitted prior to automatic release of escrow funds, but ambiguity as to whether claim met contractual materiality standard precluded judgment on the pleadings or summary judgment.
Publication Date: 2020-10-28
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Antonio Yanez, Jr., Alexander L. Cheney, Willkie Farr & Gallagher LLP, New York, NY for plaintiff.
for defendant: Philip A. Rovner, Jonathan A. Choa, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
Case Number: D69167
Agreement to issue convertible warrants upon drawing on credit constituted agreement sufficient to trigger preemption rights under stock purchase agreement with another party, and offer proposal failed to satisfy preemption rights due to conditional nature of the offer.
Publication Date: 2020-10-21
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Christopher Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
for defendant: Lisa A. Schmidt, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Yosef J. Riemer, John Del Monaco, Ian C. Spain, Kirkland & Ellis LLP, New York, NY; Ryan D. Stottmann, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Patrick Gibbs, Sarah Lightdale, Cooley LLP, New York, NY for defendants.
Case Number: D69162
The court granted a motion to dismiss as to a corporate director, but it declined to dismiss claims against two corporate of-ficers.
Publication Date: 2020-07-15
Practice Area: Contractual Disputes
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Susan M. Hannigan, Robert L. Burns, Ryan D. Konstanzer and Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE for plaintiffs.
for defendant: Michael P. Kelley and Andrew S. Dupre, McCarter & English, LLP, Wilmington, DE; Michael A. Ackal, III and D. Scott Funk, Gray Reed & McGraw LLP, Houston, TX for Hoboken MPT defendants. Patricia L. Enerio and Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Christopher J. Sullivan, Dominic J. Picca and LisaMarie Collins, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., New York, NY for Propco, Alaris and Opco defendants.
Case Number: D69049
Factual issues precluded judgment on the pleadings with respect to issues involving a right of first refusal and transfer restrictions under a limited liability company agreement.
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