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  • AR Capital, LLC v. XL Specialty Ins. Co.

    Publication Date: 2018-12-26
    Practice Area: Insurance Law | REITS | Securities Litigation
    Industry: Consulting | Insurance | Investments and Investment Advisory
    Court: Delaware Superior Court
    Judge: Judge Carpenter
    Attorneys: For plaintiff: Jennifer C. Wasson and Carla M. Jones, Potter Anderson & Corroon LLP, Wilmington, DE; Robin L. Cohen and Natasha Romagnoli, McKool Smith, PC, New York, NY for plaintiff
    for defendant: Stephen B. Brauerman and Sara E. Bussiere, Bayard, P.A., Wilmington, DE; Joseph D. Jean, Alexander D. Hardiman, and Benjamin D. Tievsky, Pillsbury Winthrop Shaw Pittman LLP, New York, NY for intervenor.
    Case Number: D68398

    Investment manager entitled to coverage under client's policy where endorsement on policy expressly defined manager under the definition of "company" entitled to coverage for securities claims.

  • RCS Creditor Trust v. Schorsch

    Publication Date: 2017-12-20
    Practice Area: Business Torts | Corporate Governance | REITS
    Industry: Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Philip Trainer, Jr., Marie M. Degnan, John P. Coffey, Gregory A. Horowitz, Jeffrey S. Trachtman, Eileen Patt and Jeffrey Dunlap for plaintiff
    for defendant: Elizabeth A. Sloan, Michael C. Miller, Michael G. Scavelli and Lara E. Romansic for defendant Block; Stephen P. Lamb, Me-ghan M. Dougherty, Allan J. Arffa, Gregory F. Laufer and Jeremy A. Benjamin for remaining defendants.
    Case Number: D67979

    Plaintiff adequately stated a claim for breach of fiduciary duty where officers and directors stood on both sides of a transac-tion which created an entity that defendants controlled by way of super-voting stock despite owning only a minority interest.