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Publication Date: 2020-09-16
Practice Area: Corporate Governance
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Garrett B. Moritz, Benjamin Z. Grossberg, and S. Reiko Rogozen, Ross Aronstam & Moritz LLP, Wilmington, DE; Kimberly A. Evans and Rebecca A. Musarra, Grant & Eisenhofer P.A., Wilmington, DE; Lance Gotthoffer, Chaitman, LLP, New York, NY; Catherine A. Gaul, Ashby & Geddes, P.A., Wilmington, DE; Michael Hanin and Uri Itkin, Kasowitz Benson Torres LLP, New York, NY; John W. Shaw and Jeffrey T. Castellano, Shaw Keller LLP, Wilmington, DE; Matthew A. Martel, Joseph B. Sconyers, Keith M. Kollmeyer, and Anthony M. Masero, Jones Day, Boston, MA for plaintiffs.
for defendant: Kurt M. Heyman and Melissa N. Donimirski, Enerio Gattuso & Hirzel LLP, Wilmington, DE; Erik Haas, Joshua Kipnees, George A. LoBiondo, Jared Buszin, Peter Shakro, Devon Hercher, and Jonah Wacholder, Patterson Belknap Webb & Tyler LLP, New York, NY; Jason C. Jowers, Stephen B. Brauerman, Brett M. McCartney, and Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Rebecca L. Butcher and Jennifer L. Cree, Landis Rath & Cobb LLP, Wilmington, DE; John P. Doherty and William Hao, Alston & Bird LLP, New York, NY; Stacey A. Scrivani, Stevens & Lee, P.C., Wilmington, DE for defendants.
Case Number: D69120
Because a precautionary security interest could be created simultaneously with the assignment of pledged collateral, indentured parties who received the assignment granted them the beneficial interests of the property, such that the owners of the trusts that acquired the property owed the indentured parties fiduciary duties through the owners' control over the trusts.
Publication Date: 2020-09-09
Practice Area: Damages
Industry: Financial Services and Banking | Accounting
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Terry L. Wit, Juan P. Morillo, Derek L. Shaffer, Lauren H. Dickie, and David H. Needham, Quinn Emanuel Urquhart & Sullivan, LLP, San Francisco, CA and Washington, DC for plaintiffs.
for defendant: Kevin R. Shannon, Matthew F. Davis, and Christopher N. Kelly, Potter Anderson & Corroon LLP, Wilmington, DE; Gregory G. Ballard and Jose F. Sanchez, Sidley Austin LLP, New York, NY; Todd Schiltz, Drinker Biddle & Reath LLP, Wilmington, DE; Robert A. Scher and Jonathan H. Friedman, Foley & Lardner LLP, New York, NY; Timothy Jay Houseal, Jennifer M. Kinkus, William E. Gamgort, Young Conaway Stargatt & T aylor LLP, Wilmington, DE; Ana C. Reyes, Williams & Connolly, LLP, Washington, DC for defendants.
Case Number: D69113
Negligence action under vicarious liability failed where plaintiffs failed to establish existence of agency or joint venture relationship between defendant and alleged tortfeasor due to the lack of written agreement as required by applicable Mexico law or existence of required elements under applicable Delaware or New York law to find agency or joint venture relationship.
Publication Date: 2020-09-09
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Consumer Products
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Robert M. Hirsh, Beth M. Brownstein, James H. Hulme and Jackson D. Toof, Arent Fox LLP, New York, NY and Washington, DC; Frederick B. Rosner, Scott J. Leonhardt and Jason A. Gibson, The Rosner Law Group LLC, Wilmington, DE for appellant.
for defendant: Matthew M. Murphy, Nicholas A. Bassett and Brendan M. Gage, Paul Hastings LLP, Chicago, IL; M. Blake Cleary and Michael Neiburg, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for appellee.
Case Number: D69112
A credit bid at an auction of debtors' assets did not constitute a "final" bid, so that bid did not cap the value of the creditor's secured collateral.
Publication Date: 2020-07-29
Practice Area: Business Torts
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Kimberly A. Evans and Charles T. Caliendo, Grant & Eisenhofer P.A., Wilmington, DE and New York, NY for plaintiffs.
for defendant: Jamie L. Edmonson, Daniel A. O’Brien, Allyson B. Baker, Meredith L. Boylan, Sameer P. Sheikh and Tiffany C. Williams, Venable LLP, Wilmington, DE and Washington, DC for defendant.
Case Number: D69066
The court granted a motion to dismiss plaintiffs' claim for injurious falsehood, because the allegations of the complaint did not meet the elements of this tort.
Publication Date: 2020-07-08
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking | Cargo and Shipping | Transportation
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys: For plaintiff: Sabrina M. Hendershot and Donna L. Culver, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Anthony J. Dutra and Neal L. Wolf, Hanson Bridgett LLP, San Francisco, CA for plaintiff.
for defendant: Jose F. Bibiloni, Blank Rome LLP, Wilmington, DE; John E. Lucian, Blank Rome LLP, Philadelphia, PA for defendant.
Case Number: D69041
An unsecured creditor could not assert a claim for unjust enrichment against a secured creditor.
Law Journal Press | Digital Book
Authors: SHARI L. KLEVENS, ALANNA G. CLAIR
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Publication Date: 2020-06-17
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking | Education
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Colin T. Reardon, Gabriel S.H. Hopkins, Jane M.E. Peterson, Stephen C. Jacques, Consumer Financial Protection Bureau, Washington, DC for plaintiff.
for defendant: Jamie L. Brown, Kurt M. Heyman, Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Devon Hercher, Erik W. Haas, George A. LoBiondo, Jared Buszin, Joshua Kipnees, Peter Shakro, Peter W. Tomlinson, Patterson Belknap Webb & Tyler, New York, NY for defendant Ambac Assurance Corp.Daniel A. O’Brien, Venable LLP, Wilmington, DE; Allyson B. Baker, Meredith L. Boylan, Sameer P. Sheikh, Katherine M. Wright, Tiffany C. Williams, Venable LLP, Washington, DC for defendant Transworld Systems, Inc.Catherine A. Gaul, Ashby & Geddes, PA, Wilmington, DE; Michael Hanin, Henry B. Brownstein, Uri Itkin, Kasowitz Benson Torres LLP, New York, NY for defendant Objecting Noteholders.Rebecca L. Butcher, Landis Rath & Cobb LLP, Wilmington, DE; John P. Doherty, William Hao, Alston & Bird LLP, New York, NY for defendant GSS Data Services.Stacey A. Scrivani, Stevens & Lee, P.C., Wilmington, DE; Nicholas H. Pennington, Stevens & Lee, P.C., King of Prussia, PA for defendant The Pennsylvania Higher Education Assistance Agency. Stephen B. Brauerman, Elizabeth A. Powers, Jayson C. Jowers, Bayard, P.A., Wilmington, DE for defendant Wilmington Trust Company.John W. Shaw, Jeffrey T. Castellano, David M. Fry, Shaw Keller LLP, Wilmington, DE; Stephen H. Meyer, Sullivan & Cromwell, LLP, Washington, DC; Matthew A. Martel, Joseph B. Sconyers, Keith M. Kollmeyer, Jones Day, Boston, MA for defendant U.S. Bank National Association.
Case Number: D69015
Counsel for trusts lacked authority to sign proposed consent judgment where trust agreements expressly authorized owner trustee as the sole entity to bind the trusts.
Publication Date: 2020-06-10
Practice Area: Labor Law
Industry: Financial Services and Banking
Court: U.S. District Court of Delaware
Judge: District Judge Stark
Attorneys: For plaintiff: Raeann Warner, Jacobs & Crumplar, P.A., Wilmington, DE; James A. Lewis and Jessica Ellis, Pennington Law Group, South Orange, NJ for plaintiff.
for defendant: Adam V. Orlacchio, Blank Rome LLP, Wilmington, DE; Mark Blondman and Asima J. Ahmad, Blank Rome LLP, Philadelphia, PA for defendant.
Case Number: D69007
Defendant plausibly acted as plaintiff's employer where it had authority to control plaintiff's salary, means and manner of work, and direct plaintiff's termination from employment.
Publication Date: 2020-05-06
Practice Area: Contractual Disputes
Industry: Financial Services and Banking | Retail
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys: For plaintiff: Jeffrey S. Goddess, Cooch & Taylor, P.A., Wilmington, DE; Brian C. Dunning, Dunning Rievman & Davies LLP, New York, NY; James Sawyer, Dunning Rievman & Davies LLP, Jericho, NY for Kaveh Askari and Onco 360 parties. Brett D. Fallon, Morris James LLP, Wilmington, DE ; Christopher G. Kelly, Stosh Silivos, Holland & Knight LLP, New York, NY; Jeremy M. Sternberg, Holland & Knight LLP, Boston, MA for Pharmacy Corp. parties.
for defendant:
Case Number: D68972
The court denied plaintiffs' motion for partial summary judgment, because they did not demonstrate that an increase in a working capital loan constituted a "major decision" under the terms of their agreements.
Publication Date: 2020-04-20
Practice Area: Law Firm Client Relationships
Industry: Financial Services and Banking | Insurance | Legal Services
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: Simon E. Fraser and Thomas Francella, Cozen O’Connor, Wilmington, DE for plaintiff.
for defendant: Steven L. Caponi and Matthew B. Goeller, K&L Gates LLP, Wilmington, DE for defendant.
Case Number: D68955
A law firm's prior representation presented a conflict that could not be waived. Motion for reargument denied.
Publication Date: 2020-04-15
Practice Area: Corporate Governance
Industry: Financial Services and Banking | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys: For plaintiff: Sean J. Bellew, Bellew LLC, Wilmington, DE; David A. Felice, Bailey & Glasser LLP, Wilmington, DE; Martin F. Cunniff, Ruyak Cherian LLP, Washington, DC for plaintiff.
for defendant: Raymond J. DiCamillo, Robert L. Burns, Kevin M. Gallagher, Eliezer Y. Feinstein, and Brian S. Yu, Richards, Layton & Finger, P.A., Wilmington, DE; Adam Offenhartz, Aric H. Wu, David F. Crowley-Buck, and Peter M. Wade, Gibson,Dunn & Crutcher LLP, New York, NY for defendants.
Case Number: D68942
Stockholder's breach of fiduciary duty claim against chairman dismissed where chairman had not exercised authority to reject stockholder's nomination notice, which was instead considered and rejected by the full board.
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