• KT4 Partners LLC v. Palantir Tech. Inc.

    Publication Date: 2019-02-13
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Strine
    Attorneys: For plaintiff: Bartholomew J. Dalton and Michael C. Dalton, Dalton & Assoc., P.A., Wilmington, DE; Barry S. Simon, Jonathan B. Pitt and Stephen L. Wohlgemuth, Williams & Connolly LLP, Washington, DC for plaintiff.
    for defendant: Blake Rohrbacher, Kevin M. Gallagher and Kelly L. Freund, Richards, Layton & Finger, P.A., Wilming-ton, DE; Kevin J. Orsini and Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY for defendant.

    Case Number: D68458

    The chancery court abused its discretion in refusing to allow a shareholder to inspect emails under a §220 books and records, request, because the corporation did not have any formal documents relating to the amend-ment of an investors' rights agreement.

  • IDT Corp. v. U.S. Specialty Ins. Co.

    Publication Date: 2019-02-13
    Practice Area: Contractual Disputes | Corporate Entities | Insurance Litigation
    Industry: Insurance | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: Brian M. Rostocki and Benjamin P. Chapple, Reed Smith LLP, Wilmington, DE, and Robin L. Cohen and Keith McKenna, McKool Smith, P.C., New York, NY for plaintiffs.
    for defendant: John C. Phillips, Jr. and David A. Bilson, Phillips, Goldman, McLaughlin & Hall, P.A., Wilmington, DE; Alexander R. Karam and Addison Draper, Clyde & Co US LLP, Washington, DC; Henry duPont Ridgely, John L. Reed, and Ethan H. Townsend, DLA Piper LLP, Wilmington, DE; Joseph G. Finnerty III, Megan Shea Harwick, and Eric S. Connuck, DLA Piper, LLP, New York, NY; Timothy Jay Houseal and Jennifer M. Kinkus, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; and Charles C. Lemley, Wiley Rein LLP, Washington, DC for defendants.

    Case Number: D68455

    Insurers were granted partial summary judgment on insureds' declaratory judgment action for defense costs, where underlying action alleged individual defendant committed wrongful acts within scope of official capacity, but did not constitute securities claim because it was brought by shareholders of separate spin-off company.

  • Knecht v. Ford Motor Co.

    Publication Date: 2019-02-13
    Practice Area: Occupational Safety and Health
    Industry: Automotive | Chemicals and Materials
    Court: Delaware Superior Court
    Judge: Judge Wharton
    Attorneys: For plaintiff: Adam Balick, Michael Collins Smith and Patrick J. Smith, Balick & Balick, LLC, Wilmington, DE; Bar-tholomew J. Dalton, Ipek K. Medford, Andrew C. Dalton and Michael C. Dalton, Dalton & Assoc., Wil-mington, DE; Danny R. Kraft, Weitz & Luxenberg, P.C., New York, NY for plaintiff.
    for defendant: Christian J. Singewald and Rochelle L. Gumaspac, White and Williams LLP, Wilmington, DE for de-fendant.

    Case Number: D68457

    Defendant in this asbestos exposure case was not entitled to judgment as a matter of law or a new trial.

  • A&J Capital, Inc. v. Law Office of Krug

    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.

  • Inter-Marketing Group USA, Inc. v. Armstrong

    Publication Date: 2019-02-13
    Practice Area: Corporate Entities | Environmental Law
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Theodore A. Kittila, Halloran Farkas & Kittila LLP, Wilmington, DE; Gregory M. Nespole and Correy A. Kamin, Wolf HaldensteinAdler Freeman & Herz LLP, New York, NY for plaintiff.
    for defendant: Srinivas M. Raju and Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Michael C. Holmes, Craig E. Zieminski, Kimberly R. McCoy, and Jeffrey Crough, Vinson & Elkins LLP, Dallas, TX for defendants.

    Case Number: D68456

    Derivative complaint dismissed for failure to make demand, where demand would not be futile as a majority of directors were disinterested and independent as nominal defendant's partnership agreement eliminated the directors' personal liability.

  • Sheldon v. Pinto Tech. Ventures, L.P.

    Publication Date: 2019-02-06
    Practice Area: Corporate Governance | Securities Litigation
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Thad J. Bracegirdle and Scott B. Czerwonka, Wilks, Lukoff & Bracegirdle, LLC, Wilmington, DE; Jeff Joyce, Joyce & McFarland LLP, Houston, TX for plaintiffs.
    for defendant: Brian C. Ralston and Jacqueline A. Rogers, Potter Anderson Corroon LLP, Wilmington, DE; Danny Da-vid and Rebecca Huddle, Baker Botts LLP, Houston, TX for defendants Terry and Walker. Bruce E. Jameson and Samuel L. Closic, Prickett, Jones & Elliott, P.A., Wilmington, DE; B. Russell Horton, George Brothers Kincaid & Horton, L.L.P., Austin, TX for Pinto Tech., RiverVest and Bay City Capital defendants.

    Case Number: D68451

    Defendants' successful effort to enforce a forum selection clause in the court of another state did not preclude them from arguing that a shareholder action was derivative.

  • CHC Inv., LLC v. FirstSun Capital Bancorp

    Publication Date: 2019-02-06
    Practice Area: Corporate Entities | Discovery
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: James D. Taylor, Jr., Saul Ewing Arnstein & Lehr LLP, Wilmington, DE; Michael C. Manning, Jeffrey J. Goulder, Stefan M. Palys, and Christy M. Milliken, Stinson Leonard Street LLP, Phoenix, AZ for plaintiff.
    for defendant: Jon E. Abramczyk, William M. Lafferty, and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Lawrence Portnoy and Julia Kiechel, Davis Polk & Wardwell LLP, New York, NY for defendant.

    Case Number: D68447

    Section 220 complaint was dismissed after stockholder had filed plenary action against corporation and could not demonstrate timing pressures created by defendant or need to discover additional information following a dismissal without prejudice.

  • Applied Energetics, Inc. v. Farley

    Publication Date: 2019-02-06
    Practice Area: Corporate Entities | Securities Litigation
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Montgomery-Reeves
    Attorneys: For plaintiff: Jason C. Jowers, Meghan A. Adams, and Ian D. McCauley, Morris James LLP, Wilmington, DE; David A. Robinson, Benjamin P. Pugh, and Michael S. Wilde, Enterprise Counsel Group, a Law Corporation, Irvine, CA for plaintiff.
    for defendant: Kathleen M. Miller and Clarissa R. Chenoweth, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Ryan J. Whalen, Gusrae Kaplan Nusbaum PLLC, New York, NY for defendants.

    Case Number: D68446

    Preliminary injunction restricting transfer of stock allegedly issued in a director's breach of fiduciary duty was granted where company was likely to prove director lacked authority to issue the stock and director issued it at an unreasonably low price.

  • Preferred Fin. Serv. v. A&R Bail Bonds LLC

    Publication Date: 2019-02-06
    Practice Area: Contractual Disputes
    Industry: Financial Services and Banking
    Court: Delaware Superior Court
    Judge: Judge Rennie
    Attorneys: For plaintiff: Sean T. O'Kelly, O'Kelly Ernst & Joyce, LLC, Wilmington, DE for plaintiff
    for defendant: Brian T.N. Jordan, Jordan Law LLC, Wilmington, DE for defendants.

    Case Number: D68450

    The parties' agreement was illegal because it sought to circumvent changes in the law regarding bail bonds.

  • Optical Air Data Sys., LLC v. L-3 Commc'ns Corp.

    Publication Date: 2019-02-06
    Practice Area: Business Torts | Contracts
    Industry: Aerospace | Manufacturing
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D68448

    Breach by premature termination claims not dismissed where there were genuine issues of material fact as to whether plaintiff had entered agreements that precluded it from entering its agreements with defendant and had fraudulently induced defendant to enter the agreements.