• In re Match Group Inc. Derivative Litig.

    Publication Date: 2022-09-13
    Practice Area: Deals and Transactions
    Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Michael Hanrahan, J. Clayton Athey, Corinne E. Amato, Kevin H. Davenport, Jason W. Rigby, Stacey A. Greenspan, Prickett, Jones & Elliott, P.A., Wilmington, DE; Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiffs.
    for defendant: Blake K. Rohrbacher, Matthew W. Murphy, Sandy Xu, Richards, Layton & Finger, P.A., Wilmington, DE; Maeve O’Connor, Susan R. Gittes, Debevoise & Plimpton LLP, New York, NY; William M. Lafferty, John P. DiTomo, Elizabeth A. Mullin, Morris Nichols Arsht & Tunnell, Wilmington, DE; Theodore N. Mirvis, Alexandra P. Sadinsky, Canem Ozyildirim, Wachtell, Lipton, Rosen & Katz LLP, New York, NY; David E. Ross, Adam D. Gold, Ross Aronstam & Moritz LLP, Wilmington, DE; Blaire Connelly, Latham & Watkins LLP, New York, NY for defendants.

    Case Number: 2020-0505-MTZ

    The court granted a motion to dismiss a complaint challenging a multi-step spinoff initiated by a corporation's controller.

  • Griffith v. Stein

    Publication Date: 2022-09-06
    Practice Area: Deals and Transactions
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Anthony A. Rickey, Margrave Law LLC, Wilmington, DE; Raffi Melkonian, Wright Close & Bargar, LLP, Houston, TX for appellant.
    for defendant: Brian Farnan, Michael Farnan, Rosemary Piergiovanni, Farnan LLP, Wilmington, DE; A. Arnold Gershon, Michael A. Toomey, Barrack, Rodos & Bacine, New York, NY; Kevin G. Abrams, J. Peter Shindel, Jr., Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Robert J. Giuggra, Jr., David M.J. Rein, Sullivan & Cromwell LLP, New York, NY; Kevin M. Gallagher, Richards, Layton & Finger, P.A., Wilmington, DE for appellees.

    Case Number: D69949

    Court reversed the chancery court's decision approving a litigation settlement which included forward-looking statements that bound absent interested parties from bringing claims in the future, in violation of the Due Process Clause.

  • In Re Cellular Tel. P'ship Litig.

    Publication Date: 2022-03-22
    Practice Area: Deals and Transactions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Marcus E. Montejo, Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Thomas R. Ajamie, David S. Siegel, Ryan van Steenis, Ajamie LLP, Houston, TX; Michael A. Pullara, Houston, TX for plaintiffs.
    for defendant: Todd C. Schiltz, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; William M. Connolly, Faegre Drinker Biddle & Reath LLP, Philadelphia, PA; Zoë K. Wilhelm, Faegre Drinker Biddle & Reath LLP, Los Angeles, CA; Maurice L. Brimmage, Jr., Laura P. Warrick, Akin Gump Strauss Hauer & Feld LLP, Dallas, TX for defendants.

    Case Number: D69753

    The court held that AT&T failed to prove that the freeze-out of minority partners was entirely fair because it did not follow a fair process and did not employ procedural protections to ensure fairness to the minority partners.

  • Crystallex Int'l Corp. v. Bolivaran Republic of Venezuela

    Publication Date: 2022-03-15
    Practice Area: Deals and Transactions
    Industry: Energy | Federal Government
    Court: U.S. District Court of Delaware
    Judge: District Judge Stark
    Attorneys: For plaintiff: Raymond J. DiCamillo, Jeffrey L. Moyer, Travis S. Hunter, Richards, Layton & Finger, P.A., Wilmington, DE; Robert L. Weigel, Jason W. Myatt, Rahim Moloo, Gibson, Dunn & Crutcher LLP, New York, NY Miguel A. Estrada, Lucas C. Townsend, Adam M. Smith, GIBSON, DUNN & CRUTCHER LLP, Washington, DC for plaintiff.
    for defendant: Kenneth J. Nachbar, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Michael J. Gottlieb, David J. L. Mortlock, Samuel G. Hall, Willkie Farr & Gallagher LLP, Washington, DC; Nathan P. Eimer, Lisa S. Meyer, Daniel D. Birk, Gregory M. Schweizer, Eimer Stahl LLP, Chicago, IL;. Samuel Taylor Hirzel, II, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Joseph D. Pizzurro, Julia B. Mosse, Kevin A. Meehan, Juan 0. Perla, Curtis, Mallet-Provost, Colt & Mosse LLP, New York, NY; A. Thompson Bayliss, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; Donald B. Verrilli, Jr., Elaine J. Goldberg, Ginger D. Anders, Brendan B. Gants, Jacobus P. van der Ven, Munger, Tolles & Olson LLP, Washington, DC; George M. Garvey, Munger, Tolles & Olson LLP, Los Angeles, CA for the Venezuela parties.

    Case Number: D69749

    Initial steps of a sale process of shares blocked under U.S. sanctions could begin without first obtaining a transfer license from the Office of Foreign Assets Control, although the actual bidding process should not commence in the absence of clear regulatory guidance from OFAC.

  • BCIM Strategic Value Master Fund LP v. HFF, Inc.

    Publication Date: 2022-02-15
    Practice Area: Deals and Transactions
    Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: David J. Margules, Elizabeth A. Sloan, Jessica C. Watt, Ballard Spahr LLP, Wilmington, DE; Stephen Brauerman, Emily A. Letcher, Bayard PA, Wilmington, DE; William B. Igoe, Philadelphia, PA for petitioner.
    for defendant: William M. Lafferty, Ryan D. Stottmann, Sarah P. Kaboly, Morris, Nichols, Arsht & Tunnell LLP, Wilmington DE; Marc J. Sonnenfeld, Laura H. McNally, Morgan, Lewis & Bockius LLP, Philadelphia, PA for respondent.

    Case Number: D69710

    The court, in the appraisal action, determined the fair value of the respondent and gave heavy weight to the deal price.

  • Law Journal Press | Digital Book

    Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition

    Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner

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  • Aureus Holdings, LLC v. Kubient, Inc.

    Publication Date: 2021-09-15
    Practice Area: Deals and Transactions
    Industry: Advertising | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff: Larry R. Wood, Jr., Brandon W. McCune, Blank Rome LLP, Wilmington, DE for plaintiff.
    for defendant: Rudolf Kock, Travis S. Hunter, Nicole K. Pedi, Valeria A. Caras, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.

    Case Number: D69538

    Defendant adequately stated a counterclaim for breach of contract, but the court granted plaintiff's motion to dismiss the counterclaim for fraud in the inducement.

  • Techview Inv. Ltd. V. Amstar Poland Prop. Fund I, L.P.

    Publication Date: 2021-09-15
    Practice Area: Deals and Transactions
    Industry: Investments and Investment Advisory | Real Estate
    Court: Delaware Superior Court
    Judge: Judge Davis
    Attorneys: For plaintiff: Kenneth J. Nachbar, Ryan D. Stottmann, Miranda N. Gilbert, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Michael B. Carlinsky, David E. Myre, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for plaintiffs.
    for defendant: A. Thompson Bayliss, E. Wade Houston, Abrams & Bayliss, LLP, Wilmington, DE; Emily L. Wasserman, Davis Graham & Stuffs LLP, Denver, CO for defendants.

    Case Number: D69540

    The court granted defendants' motions to dismiss because it lacked personal jurisdiction over certain nonresident defendants, another court had exclusive jurisdiction over the gross negligence claim, and plaintiffs failed to state a claim for fraudulent inducement.

  • Get Kaisered, Inc. v. AKT Franchise, LLC

    Publication Date: 2021-08-25
    Practice Area: Deals and Transactions
    Industry:
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Matey
    Attorneys: For plaintiff: Kerry A. Breman, Brennan Law PLLC, New York, NY for plaintiffs.
    for defendant: Witt W. Chang, Jeffrey K. Logan, Alex M. Weingarten, Venable LLP, Los Angeles, CA; Bryan A. Garner, Dallas, TX for defendant.

    Case Number: D69514

    Defendant failed to demonstrate a likelihood of success on the merits of its counterclaims, so the court affirmed the order denying its request for a preliminary injunction.

  • Surf's Up Legacy Partners, LLC v. Virgin Fest, LLC

    Publication Date: 2021-01-27
    Practice Area: Deals and Transactions
    Industry: Entertainment and Leisure
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: Theodore A. Kittila, James G. MacMillan, III, Halloran Farkas + Kittila LLP, Wilmington, DE; Eric M. George, Kim S. Zeldin, Browne George Ross LLP, Los Angeles, CA for plaintiffs.
    for defendant: Robert K. Beste, Jason Z. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Marvin S. Putnam, Jessica Stebbins Bina, Lathan & Watkins LLP, Los Angeles, CA for defendants.

    Case Number: D69276

    The court granted a motion to dismiss plaintiffs' claim for tortious interference with contractual relations, but defendants alleged sufficient facts in support of their fraud-based counterclaims.

  • In re WeWork Litig.

    Publication Date: 2020-11-18
    Practice Area: Deals and Transactions
    Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: William M. Lafferty, Kevin M. Coen, Sabrina M. Hendershot, Sara Toscano, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Eric Seiler, Philippe Adler, Mala Ahuja Harker, Friedman Kaplan Seiler & Adelman LLP, New York, NY; William Christopher Carmody, Shawn J. Rabin, Arun Subramanian, Susman Godfrey L.L.P., New York, NY for plaintiffs.
    for defendant: William B. Chandler, III, Brad D. Sorrels, Lori W. Will, Lindsay Kwoka Faccenda, Leah E. Brenner, Jeremy W. Gagas, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; David J. Berger, Steven M. Gugen-heim, Dylan G. Savage, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA; Michael S. Sommer, Wilson Sonsini Goodrich & Rosati, P.C., New York, NY for the special committee of the board of directors of The We Co. Robert S. Saunders, Sarah R. Martin, Arthur R. Bookout, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; George A. Zimmerman, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY for The We Co. Elena C. Norman, Rolin P. Bissell, Nicholas J. Rohrer, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Erik J. Olson, Morrison & Foerster LLP, Palo Alto, CA; James Bennett, Jordan Eth, Morri-son & Foerster LLP, San Francisco, CA for defendant SoftBank Group Corp. Michael A. Barlow, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John B. Quinn, Molly Stephens, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for defendant SoftBank Vision Fund.

    Case Number: D69193

    Plaintiff stated a claim against defendants for breach of contract, but his breach of fiduciary duty claim was duplicative of the contract claim.