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Publication Date: 2020-07-29
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; Ned Weinberger, John Vielandi and David MacIsaac, Labaton Sucharow LLP, Wilmington, DE and New York, NY; D. Seamus Kaskela, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
for defendant: S. Mark Hurd and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; John P. Stigi III and Kristin P. Housh, Sheppard, Mullin, Richter & Hampton LLP, Los Angeles, CA and San Diego, CA for defendants Bienvenue and Borden. Bradley R. Aronstam and S. Michael Sirkin, Ross Aronstam & Moritz LLP, Wilmington, DE; Joseph S. Allerhand, Evert J. Christensen Jr. and Elizabeth M. Sytsma, Weil, Gotshal & Manges LLP, New York, NY for defendants Friedman, Hallac, Steinberg and Jeffries Fin. Group Inc.
Case Number: D69065
Plaintiffs' complaint adequately stated a claim for breach of fiduciary duty in connection with this minority squeeze-out transaction. Motions to dismiss denied.
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.
Publication Date: 2020-07-08
Practice Area: Corporate Entities
Industry: Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Brian E. Farnan and Michael J. Farnan, Farnan LLP, Wilmington, DE; Marc L. Newman, Christopher D. Kaye and Mahde Y. Abdallah, The Miller Law Firm, P.C., Rochester, MI for plaintiffs.
for defendant: Richard P. Rollo, Travis S. Hunter, Angela Lam and John T. Miraglia, Richards, Layton & Finger, P.A., Wilmington, DE; Alan S. Loewinsohn and Kerry Schonwald, Loewinsohn Flegle Deary Simon LLP, Dallas, TX for defendants.
Case Number: D69042
In this dispute among the developers of an apartment complex, the court found that the majority of issues required a more detailed factual record, so it denied most of the parties' cross-motions for summary judgment.
Publication Date: 2020-06-03
Practice Area: Creditors' and Debtors' Rights
Industry: Hospitality and Lodging | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: David E. Ross and Bradley R. Aronstam, Ross Aronstam & Moritz, Wilmington, DE; Joshua S. Amsel and Matthew R. Friedenberg, Weil, Gotshal & Manges LLP, New York, NY for plaintiffs.
for defendant: Joseph H. Huston, Jr., Stevens & Lee, P.C., Wilmington, DE; Robert K. Keach, Bernstein, Shur, Sawyer & Nelson, Portland, ME for receiver. Ryan P. Newell, Kyle Evans Gay and Shaun Michael Kelly, Connolly Gallagher LLP, Wilmington, DE for nominal defendants.
Case Number: D69002
The court rejected a judgment debtor's argument that a charging order would cause a default under a lease.
Publication Date: 2020-05-20
Practice Area: Real Estate
Industry: Automotive
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Richard L. Abbot, Abbott Law Firm, Hockessin, DE for plaintiff.
for defendant: “J” Jackson Shrum, Jack Shrum, P.A., Wilmington, DE for defendants.
Case Number: D68986
Plaintiff stated claims for breach of contract and specific performance, but it failed to allege its fraud claims with particularity.
Law Journal Press | Digital Book
Authors: Janet K. Colaneri
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Publication Date: 2020-03-25
Practice Area: Creditors' and Debtors' Rights
Industry: Construction | Real Estate
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys: For plaintiff: G. Kevin Fasic, Offit Kurman, P.A., Wilmington, DE for plaintiff.
for defendant: Richard L. Abbott, Abbott Law Firm, LLC, Hockessin, DE for defendant.
Case Number: D68921
A landscaping contractor was not entitled to a mechanic's lien or to recovery under the Building Construction Payments Act, because it performed no work on any structure. Motion to dismiss granted.
Publication Date: 2020-02-26
Practice Area: Contractual Disputes
Industry: Financial Services and Banking | Real Estate
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Michael J. Barrie, Stephen M. Ferguson and William M. Alleman, Jr., Benesch, Friedlander, Coplan & Aronoff LLP, Wilming-ton, DE; Helen Gavaris, Loeb & Loeb LLP, New York, NY for plaintiff.
for defendant: Andrew D. Cordo, Wilson Sonsini Goodrich & Rosati, Wilmington, DE; Adam C. Silverstein and Rebecca E. Algie, Otterbourg P.C., New York, NY for defendants.
Case Number: D68893
Defendants' actions triggered the full recourse provisions under the loan and guaranty agreements. Plaintiff's claims were not barred by the statute of limitations.
Publication Date: 2020-02-12
Practice Area: Tax
Industry: Real Estate | State and Local Government
Court: Delaware Superior Court
Judge: Judge Streett
Attorneys: For plaintiff: Thomas P. McGonigle and Sawyer M. Traver for appellant.
for defendant: Adam Singer and Nicholas J. Brannick for appellees.
Case Number: D68870
Property tax board erred in failing to consider subject commercial property's high vacancy rate and the effect it had on the property's valuation.
Publication Date: 2020-02-05
Practice Area: Contractual Disputes
Industry: Chemicals and Materials | Real Estate
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Bernard Katz, pro se plaintiff.
for defendant: David B. Anthony, Berger, Harris, LLP, Wilmington, DE for defendant.
Case Number: D68866
The court referred this matter to arbitration, because a valid arbitration clause existed and the parties' dispute fell within the scope of that provision.
Publication Date: 2019-12-11
Practice Area: Real Estate
Industry: Real Estate
Court: Delaware Superior Court
Judge: Judge Scott
Attorneys: For plaintiff: Charles J. Brown, III, Gellert Scali Busenkell & Brown, LLC, Wilmington, DE for plaintiff.
for defendant: Donald L. Gouge, Jr., Donald L. Gouge, Jr., LLC, Wilmington, DE for defendant.
Case Number: D68798
Plaintiff seller was entitled to judgment where defendant buyer breached a purchase and sale agreement for real property by failing to close by the contracted-for "time of the essence" closing date and the agreement unambiguously provided that plaintiff's sole and exclusive remedy was to retain defendant's earnest money deposit.
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