• Tornetta v. Musk

    Publication Date: 2019-10-09
    Practice Area: Corporate Governance
    Industry: Automotive
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman, Spen-cer Oster and David F.E. Tejtel, Friedman Oster & Tejtel PLLC, New York, NY for plaintiff.
    for defendant: David E. Ross, Garrett B. Moritz and Benjamin Z. Grossberg, Ross Aronstam & Moritz LLP, Wilmington, DE; William Savitt, Anitha Reddy and Noah B. Uavitz, Wachtell, Lipton, Rosen & Katz, New York, NY for defendants and nominal defendant.

    Case Number: D68733

    An executive compensation decision was subject to review under the entire fairness standard, because the beneficiary was a controlling shareholder.

  • Genuine Parts Co. v. Essendant Inc.

    Publication Date: 2019-09-25
    Practice Area: Mergers and Acquisitions
    Industry: Distribution and Wholesale
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Kenneth J. Nachbar, William M. Lafferty, and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Richard T. Marooney, Israel Dahan, and Peter Isajiw, King & Spalding LLP, New York, NY; Jeremy M. Bylund, King & Spalding LLP, Washington, DC for plaintiff.
    for defendant: Gregory P. Williams, Lisa A. Schmidt, Matthew D. Perri, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Matthew Solum and Ian Spain, Kirkland & Ellis LLP, New York, NY for defendant.

    Case Number: D68712

    Counterparty in merger agreement was entitled to pursue a breach of contract claim despite accepting contractual termination fee where counterparty alleged that terminating party had breached the non-solicitation provisions by inviting a superior offer from a competing bidder.

  • Wenske v. Blue Bell Creameries, Inc.

    Publication Date: 2019-09-11
    Practice Area: Corporate Governance
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Jessica Zeldin, Monhait & Goddess, P.A., Wilmington, DE; Scott G. Burdine and Davie E. Wynne, Burdine Wynne LLP, Hou-ston, TX for plaintiffs.
    for defendant: Timothy R. Dudderar, Potter Anderson & Corroon LLP, Wilmington, DE for defendants Blue Bell Creameries, U.S.A., Inc., Jim Kruse, Howard Kruse, Dickson, Rankin, Markwardt, Barhill, Ehlert, MacInerney and Ryan. Srinivas M. Raju and Kelly L. Freund, Richards, Layton & Finger, P.A., Wilmington, DE for defendants Bridges and Paul Kruse. Paul A. Fioravanti, Jr. and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Hugh C. Connor II, Michael D. Anderson and Caleb B. Bulls, Kelly Hart & Hallman, LLP, Fort Worth, TX for defendants Blue Bell Creameries, Inc. and Blue Bell Creameries, U.S.A., Inc. Joseph B. Cicero and Gregory E. Stuhlman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE for Blue Bell Creameries L.P. Michael J. Maimone and Jospeh C. Schoell, Drinker Biddle and Reath LLP, Wilmington, DE for Special Litig. Comm. of Blue Bell Creameries, L.P.

    Case Number: D68701

    Agency principles prevented a special litigation committee from having authority to manage this derivative litigation, because the court had previously held that the sole general partner which created the committee had a disabling interest.

  • Kotler v. Shipman Assoc., LLC

    Publication Date: 2019-09-04
    Practice Area: Contractual Disputes
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: A. Thompson Bayliss, Adam K. Schulman and Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; Steve Wolosky and Renée M. Zaytsev, Olshan Frome Wolosky LLP, New York, NY for plaintiff.
    for defendant: Blake Rohrbacker, Kevin M. Gallagher, John M. O’Toole and Ryan D. Konstanzer, Richards Layton & Finger, P.A., Wilming-ton, DE for defendant.

    Case Number: D68691

    The parties failed to reach a meeting of the minds regarding a material term of their contract, so the court decided in favor of defendant on plaintiff's breach of contract claim.

  • Western Standard, LLC v. SourceHOV Holdings, Inc.

    Publication Date: 2019-08-07
    Practice Area: Contractual Disputes
    Industry: E-Commerce | Software
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Matthew W. Murphy and Anthony M. Calvano, Richards, Layton & Finger, P.A., Wilmington, DE; Samuel J. Lieberman, Sadis & Goldberg LLP, New York, NY for plaintiff.
    for defendant: T. Brad Davey, Matthew F. Davis and Kody M. Sparks, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: D68660

    Contractual ambiguity prevented the court from dismissing plaintiff's claim for enforcement of an earn-out provision.

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  • In re: Appraisal of Jarden Corp.

    Publication Date: 2019-07-31
    Practice Area: Mergers and Acquisitions
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Stuart M. Grant, Cynthia M. Calder, Kimberly A. Evans, Kelly L. Tucker and Vivek Upadhya, Grant & Eisenhofer P.A., Wil-mington, DE for petitioners.
    for defendant: Srinivas M. Raju, Brock E. Czeschin, Robert L. Burns, Sarah A. Clark and Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Walter W. Davis, Michael J. McConnell and Robert A. Watts, Jones Day, Atlanta, GA for Jarden Cor-poration.

    Case Number: D68650

    In this statutory appraisal matter, the court made its own independent discounted cash flow analysis to arrive at the fair val-ue of petitioners' shares as of the merger date.

  • Perlman v. Vox Media, Inc.

    Publication Date: 2019-07-17
    Practice Area: Business Torts
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Matthew E. Fischer, Jacob R. Kirkham and Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE for plain-tiffs.
    for defendant: Peter L. Frattarelli, Archer & Greiner, P.C., Wilmington, DE; James Rosenfeld and Jeremy A. Chase, Davis Wright Tremaine LLP, New York, NY for defendant.

    Case Number: D68634

    The Court of Chancery lacked subject matter jurisdiction to adjudicate defamation claims, so the court granted defendant's motion for summary judgment, subject to plaintiff's right to transfer the case to Superior Court.

  • Dolan v. Altice USA, Inc.

    Publication Date: 2019-07-10
    Practice Area: Mergers and Acquisitions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: John L. Reed, Matthew Denn, Peter H. Kyle, Robert M. Hoffman and James C. Bookhout, DLA Piper LLP, Wilmington, DE for plaintiffs.
    for defendant: Daniel A. Mason, Brenda W. Sullivan, Jay Cohen and Daniel H. Levi, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wil-mington, DE and New York, NY; Kevin G. Abrams and J. Peter Shindel, Jr., Abrams & Bayliss LLP, Wilmington, DE for de-fendants.

    Case Number: D68625

    The disputed terms of a merger agreement were ambiguous, and plaintiffs adequately stated their claim for promissory es-toppel.

  • Project Boat Holdings, LLC v. Bass Pro Group, LLC

    Publication Date: 2019-06-19
    Practice Area: Contractual Disputes
    Industry: Manufacturing | Retail
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: John A. Sensing, Potter Anderson & Corroon LLP, Wilmington, DE; Mark S. Baldwin, Dylan P. Kletter and Anthony J. Boc-camazzo, Brown Rudnick LLP, Hartford, CT for plaintiff.
    for defendant: S. Mark Hurd and Richard Li, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Mike Stenglein and Tracey M. Robert-son, King & Spalding LLP, Houston, TX for defendant.

    Case Number: D68602

    Although a seller should have disclosed a manufacturing defect, the buyer was not harmed.

  • In re Facebook, Inc. Section 220 Litig.

    Publication Date: 2019-06-12
    Practice Area: Corporate Entities
    Industry: E-Commerce
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer and David M. Sborz, Andrews & Springer, LLC, Wilmington, DE; Geoffrey M. Johnson, Donald A. Broggi, Scott R. Jacobsen and Jing-Li Yu, Scott+Scott Attorneys at Law LLP, Cleveland Heights, OH and New York, NY for plaintiff City of Birmingham Relief and Retirement System. Ryan M. Ernst, O'Kelly Ernst & Joyce, LLC, Wilmington, DE; Thomas J. McKenna and Gregory M. Egleston, Gainey McKenna & Egleston, New York, NY for plaintiff Lidia Levy.
    for defendant: David E. Ross and R. Garrett Rice, Ross of Aronstam & Moritz LLP, Wilmington, DE; Orin Snyder, Kristin A. Linsley, Brian M. Lutz, Paul J. Collins and Joshua S. Lipshutz, Gibson, Dunn & Crutcher LLP, New York, NY, San Francisco, CA, Palo Alto, CA and Washington, DC for defendant.

    Case Number: D68594

    Plaintiffs provided a credible basis to support their demand for corporate books and records, because they presented some ev-idence of the company's failure to ensure the privacy of users' data.