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  • Riskin v. Burns

    Publication Date: 2021-01-27
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Richard P. Rollo, Travis S. Hunter, Sarah A. Clark, Robert B. Greco, Angela Lam, Richards, Layton & Fin-ger, P.A., Wilmington, DE for plaintiff.
    for defendant: Brad D. Sorrels, Andrew D. Cordo, Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; A. Thomspon Baylis, Adam K. Schulman, Abrams & Bayliss LLP, Wilmington, DE; Bruce A. Ericson, Sta-cie O. Kinser, Pillsbury Winthrop Shaw Pittman LLP, San Francisco, CA; David J. Teklits, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendants.
    Case Number: D69274

    The court granted motions to dismiss with respect to one group of defendants because some of plaintiff's claims were time-barred, and plaintiff failed to allege sufficient facts to support the remaining claims against those particular defendants.

  • LPPAS Representative, LLC v. ATH Holding Co., LLC

    Publication Date: 2021-01-13
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Insurance
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Matthew P. Denn, Kelly L. Freund, DLA Piper LLP, Wilmington, DE; A. Thompson Bayliss, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE for plaintiffs.
    for defendant: Kevin M. Coen, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Glenn M. Kurtz, White & Case LLP, New York, NY for defendants.
    Case Number: D69256

    Indemnification claims could not "relate back" to earlier where parties' contract required claims to be submitted prior to automatic release of escrow funds, but ambiguity as to whether claim met contractual materiality standard precluded judgment on the pleadings or summary judgment.

  • L-5 Healthcare Partners, LLC v. Alphatec Holdings, Inc.

    Publication Date: 2020-10-28
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Antonio Yanez, Jr., Alexander L. Cheney, Willkie Farr & Gallagher LLP, New York, NY for plaintiff.
    for defendant: Philip A. Rovner, Jonathan A. Choa, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
    Case Number: D69167

    Agreement to issue convertible warrants upon drawing on credit constituted agreement sufficient to trigger preemption rights under stock purchase agreement with another party, and offer proposal failed to satisfy preemption rights due to conditional nature of the offer.

  • In re Mindbody, Inc. Stockholders Litig.

    Publication Date: 2020-10-21
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Christopher Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
    for defendant: Lisa A. Schmidt, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Yosef J. Riemer, John Del Monaco, Ian C. Spain, Kirkland & Ellis LLP, New York, NY; Ryan D. Stottmann, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Patrick Gibbs, Sarah Lightdale, Cooley LLP, New York, NY for defendants.
    Case Number: D69162

    The court granted a motion to dismiss as to a corporate director, but it declined to dismiss claims against two corporate of-ficers.

  • HUMC Holdco, LLC v. MPT of Hoboken TRS, LLC

    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.

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  • EnVen Energy Corp. v. Dunwoody

    Publication Date: 2020-06-10
    Practice Area: Corporate Governance
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kevin M. Coen and Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Paul Spagnoletti, Antonio J. Perez-Marques and Matthew Cormack, Davis Polk & Wardwell LLP, New York, NY for plaintiff.
    for defendant: Brock E. Czeschin and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Robin C. Gibbs, Anthony N. Kaim, Angus Dodson and Gabriel D. Kaim. Gibbs & Bruns LLP, Houston, TX for defendant Dunwoody. Daniel C. Herr of the Law Office of Daniel C. Herr LLC, Wilmington, DE for defendant Oilfield Pipe of Texas, LLC.
    Case Number: D69009

    Plaintiff's claims for breach of fiduciary duty did not fall within the forum selection provision of the parties' employment contract, so the provision did not deprive the court of venue.

  • Paul Elton, LLC v. Rommel Delaware, LLC

    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.

  • Bouchard v. Braidy Indus., Inc.

    Publication Date: 2020-05-13
    Practice Area: Corporate Entities
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Kevin R. Shannon, Christopher N. Kelly, Mathew A. Golden, Potter Anderson & Corroon LLP, Wilmington, DE; Kahn A. Scolnick, Gibson, Dunn & Crutcher LLP, Los Angeles, CA; Lindsey S. Young, Gibson, Dunn & Crutcher LLP, Palo Alto, CA for plaintiff.
    for defendant: Richard P. Rollo, John T. Miraglia, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.
    Case Number: D68976

    Individual defendants dismissed for lack of personal jurisdiction where their contractual consent to certain equitable remedies did not constitute a waiver of jurisdictional defenses.

  • Bay Capital Finance, LLC v. Barnes & Noble Educ., Inc.

    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.

  • Walsh v. White House Post Prod., LLC

    Publication Date: 2020-04-08
    Practice Area: Contractual Disputes
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Joseph Andrews, Law Office of Joseph Andrews, Dover, DE; Joseph K. Jones and Anand A. Kapasi, Jones, Wolf & Kapasi, LLC, New York, NY for plaintiffs.
    for defendant: S. Mark Hurd, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Antony S. Burt and Jin Yan, Schiff Hardin LLP, Chicago, IL for defendants.
    Case Number: D68940

    An LLC buyout provision was a form of option contract, so the court denied defendant's motion to dismiss plaintiffs' breach of contract claim.