• Prod. Madness, Inc. v. Kingston

    Publication Date: 2024-06-03
    Practice Area: Consumer Protection
    Industry: E-Commerce | Entertainment and Leisure
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Ryan D. Stottmann, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for plaintiff.
    for defendant: Robert J. Kriner, Jr., Chimicles, Schwartz Kriner & Donaldson-Smith LLP, Wilmington, DE for defendant.

    Case Number: 2024-0040-MTZ

    Court denied confidentiality of litigation record motion where parties could not rely on a contractual provision to demand confidentiality and movant failed to overcome the presumption in favor of public access.

  • Aldrich Capital Partners Fund, LP v. Bray

    Publication Date: 2024-06-03
    Practice Area: Securities Litigation
    Industry: Health Care | Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Judge Wallace
    Attorneys: For plaintiff: Kevin M. Coen, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell, Wilmington, DE; Joseph P. Rockers, Justin D. Ward, Goodwin Procter, Boston, MA for plaintiffs.
    for defendant: Shannon E. German, Jeremy W. Gagas, Emmanuel J. Burrell, Wilson Sonsini Goodrich & Rosati, Wilmington, DE for defendant.

    Case Number: 2023-1253-PRW

    Investor adequately pled fraud claim by alleging that entrepreneur intentionally misappropriated a third party's intellectual property despite making contractual representations as to the validity of their ownership of their IP.

  • Biocomposites GmbH v. Artoss, Inc.

    Publication Date: 2024-06-03
    Practice Area: Contracts
    Industry: Biotechnology | Distribution and Wholesale
    Court: Court of Chancery
    Judge: Vice Chancellor Cook
    Attorneys: For plaintiff: Ethan H. Townsend, Daniel T. Menken, Ryan D. Konstanzer, McDermott Will & Emery LLP, Wilmington, DE for plaintiff.
    for defendant: Kelly A. Green, Jason Z. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE for defendant.

    Case Number: 2023-1189-NAC

    Court denied reargument on cross-motions for injunctive relief where movant advanced implausible interpretation of the parties' contract and where the court reasonably declined to impose the implied covenant of good faith in exercising contractual discretion between sophisticated parties.

  • In re Columbia Pipeline Group, Inc. Merger Litig.

    Publication Date: 2024-06-03
    Practice Area: Mergers and Acquisitions
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Ned Weinberger, Brendan W. Sullivan, Labaton Keller Sucharow LLP, Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Stephen E. Jenkins, Marie M. Degnan, Ashby & Geddes, P.A., Wilmington, DE; Jeroen van Kwawegen, Lauren A. Ormsbee, Thomas G. James, Margaret Sanborn-Lowing, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
    for defendant: Martin S. Lessner, James M. Yoch, Jr., Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Brian J. Massengill, Michael Olsen, Matthew C. Sostrin, Linda X. Shi, Mayer Brown LLP, Chicago, IL for defendant.

    Case Number: 2018-0484-JTL

    Court held buyer equally liable for seller's officers' breaches of fiduciary duties where buyer's culpability arose from its breaches of its contractual obligations under a standstill agreement with the seller.

  • The City of Omaha Police & Firefighters Ret. Sys. v. deSouza

    Publication Date: 2024-06-03
    Practice Area: Mergers and Acquisitions
    Industry: Biotechnology | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Joseph L. Christensen, Christensen & Dougherty LLP., Wilmington, DE for plaintiff.
    for defendant: Peter J. Walsh, Jr., Michael A. Pittenger, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.

    Case Number: 2024-0172-PAF

    Nominal corporate defendant failed to demonstrate need for continued confidential treatment of the complaint where company could not show how disclosure of remaining redacted information would cause harm to company's competitive advantage that outweighed the public interest in access.

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  • BuzzFeed Media Enter., Inc. v. Anderson

    Publication Date: 2024-05-27
    Practice Area: Labor Law
    Industry: E-Commerce | Entertainment and Leisure | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Rolin P. Bissell, Elena C. Norman, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Mary Eaton, Thomas Walsh, Christian Vandergeest, Freshfields Bruckhaus Deringer US LLP, New York, NY for plaintiff.
    for defendant: David A. Felice, Bailey & Glasser LLP, Wilmington, DE; Kevin D. Galbraith, The Galbraith Law Firm, New York, NY; Sean R. O’Brien, A.J. Monaco, O’Brien LLP, New York, NY; Joseph Gallagher, Harris St. Laurent & Wechsler LLP, New York, NY for defendants.

    Case Number: 2023-0377-MTZ

    Employment agreements' statement of parties' agreement to arbitrate claims generally and reference to AAA created presumption of parties' intention to delegate questions of substantive arbitrability to the arbitrator.

  • Kormos v. Playtika Holding UK II Ltd.

    Publication Date: 2024-05-20
    Practice Area: Corporate Governance
    Industry: Entertainment and Leisure | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrew J. Peach, Christopher P. Quinn, Jackson E. Warren, Andrews & Springer LLC, Wilmington, DE; Ned Weinberger, Casimir O. Szustak, Labaton Sucharow LLP, Wilmington, DE; Jeremy S. Friedman, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; John Vielandi, Joshua M. Glasser, Labaton Keller Sucharow LLP, New York, NY; D. Seamus Kaskela, Adrienne Bell, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
    for defendant: Brian C. Ralston, Charles R. Hallinan, Potter Anderson & Corroon LLP, Wilmington, DE; Andrew R. Gray, Ryan A. Walsh, Natasha Pardawala, Latham and Watkins LLP, Costa Mesa, CA; R. Judson Scaggs, Jr., Susan W. Waesco, Kirk C. Andersen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Dean Kristy, Fenwick & West LLP, San Francisco, CA; Felix S. Lee, Fenwick & West LLP, Mountain View, CA for defendants.

    Case Number: 2023-0396-SG

    Breach of fiduciary duty claims failed where plaintiffs failed to allege facts demonstrating that defendants took actions that were to the company's detriment or that interfered with the board's special committee's negotiations for a self-tender.

  • Himawan v. Cephalon, Inc.

    Publication Date: 2024-05-13
    Practice Area: Mergers and Acquisitions
    Industry: Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Richard L. Renck, Mackenzie M. Wrobel, Duane Morris LLP, Wilmington, DE; John Soroko, Wayne A. Mack, Michael J. Rinaldi, Jessica Priselac, Duane Morris, Philadelphia, PA for plaintiffs.
    for defendant: J. Matthew Belger, Kevin R. Shannon, Potter Anderson & Corroon LLP, Wilmington, DE; Jay P. Lefkowitz, P.C., Devora Allon, P.C., John P. Del Monaco, Alexandra I. Russell, Kirkland & Ellis LLP, New York, NY for defendants.

    Case Number: 2018-0075-SG

    Court granted judgment for defendants on plaintiffs' breach of merger agreement claim where record indicated defendants undertook commercially reasonable efforts to develop pharmaceutical treatment and reasonably abandoned development when testing indicated that commercialization would not result in a reasonable profit.

  • City of Pittsburgh Comprehensive Mun. Pension Trust Fund v. Conway

    Publication Date: 2024-05-06
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Christopher H. Lyons, Tayler D. Bolton, Robbins Geller Rudman & Dowd LLP, Wilmington, DE; Randall J. Baron, Benny C. Goodman III, Andrew W. Hutton, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Gladriel Shobe, Jarrod Shobe, Shobe & Shobe, LLP, Provo, UT for plaintiff.
    for defendant: Blake Rohrbacher, Matthew D. Perri, Nicole M. Henry, Morgan R. Harrison, Richards, Layton & Finger, P.A., Wilmington, DE; Robert A. Van Kirk, John Williams, Tyler Infinger, Bryan Czako, William Donnelly, Williams & Connolly LLP, Washington, DC for defendants.

    Case Number: 2022-0664-MTZ

    Plaintiff adequately pled breach of contractual duty of good faith when general partner concealed information indicating that equityholders lacked legal leverage to force a settlement payment for the loss of tax receivable agreement rights in exchange for their approval of the corporate conversion.

  • Handler v. Centerview Partners Holdings L.P.

    Publication Date: 2024-05-06
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: C. Barr Flinn, Elisabeth S. Bradley, Kevin P. Rickert, Zeliang Liu, Hana Brajuskovic, Elena C. Norman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for plaintiff.
    for defendant: Michael A. Barlow, Hayden Driscoll, Quinn Emanuel Urquhart & Sullivan, LLP, Wilmington, DE for defendant.

    Case Number: 2022-0672-SG

    Plaintiff was not entitled to books and records where record supported finding that parties had failed to reach agreement on essential terms to induct plaintiff as a partner and continued to regard him as an employee.