• Jacob v. Bloom Energy Corp.

    Publication Date: 2021-03-10
    Practice Area: Corporate Entities
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Sam Bonderoff, James Ostaszewski, Matthew Hendrickson, Zamansky LLC, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, John M. Seaman, Eliezer Y. Feinstein, Abrams & Bayliss LLP, Wilmington, DE for defendant.

    Case Number: D69321

    Stockholder established a proper purpose for the inspection of corporate books and records, but the court limited the scope of some of the requests.

  • McDonald's Corp. v. Easterbrook

    Publication Date: 2021-02-17
    Practice Area: Employment Litigation
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Garrett B. Moritz, S. Reiko Rogozen, Holly E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; Wil-liam Savitt, Anitha Reddy, Sarah K. Eddy, Wachtell, Lipton, Rosen & Katz, New York, NY; Ronald L. Olson, John W. Spiegel, Luis Li, Munger, Tolles & Olson LLP, Los Angeles, CA; Jonathan I Kravis, Munger, Tolles & Olson LLP, Washington, DC for plaintiff.
    for defendant: Daniel C. Herr, Law Office of Daniel C. Herr, LLC, Wilmington, DE; Kristen E. Hudson, The Benson Firm PLLC, Austin, TX for defendant.

    Case Number: D69299

    The court denied defendant's motions to dismiss because the parties did not incorporate a forum selection clause into their separation agreement, and plaintiff alleged sufficient facts to support its claim for fraud in the inducement.

  • 250ok, Inc. v. Message Sys., Inc.

    Publication Date: 2021-02-10
    Practice Area: Intellectual Property
    Industry: E-Commerce
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: James P. Hughes, Jr., Lauren Dunkle Fortunato, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Matthew T. McLaughlin, Kacey Houston Walker, Nixon Peabody LLP, Boston, MA for plaintiff.
    for defendant: Ryan D. Stottmann, Sarah P. Kaboly, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Clement S. Roberts, Nathan Shaffer, Orrick, Herrington & Sutcliffe LLP, San Francisco, CA for defendant.

    Case Number: D69286

    Claim of unjust enrichment arising from facts alleging misappropriation of trade secrets was preempted by the Delaware Uniform Trade Secret Act, which displaced all claims providing a remedy of restitution.

  • In Re Viacom Inc. Stockholders Litig.

    Publication Date: 2021-01-13
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Jeroen van Kwawegen, Edward G. Timlin, Andrew E. Blumberg, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Chad Johnson, Noam Mandel, Desiree Cummings, Robbins Geller Rudman & Dowd LLP, New York, NY; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Nashville, TN; Francis A. Bottini, Jr., Anne B. Beste, Bottini & Bottini, Inc., La Jolla, CA for plaintiffs.
    for defendant: Matthew E. Fischer, Michael A. Pittenger, Christopher N. Kelly, J. Matthew Belger, Jacqueline A. Rogers, Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE; Victor L. Hou, Rahul Mukhi, Mark E. McDonald, Cleary Gottlieb Steen & Hamilton LLP, New York, NY; Gregory P. Williams, Blake Rohrbacher, Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE; Robert H. Baron, Gary A. Bornstein, Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY; Jon E. Abramczyk, D. McKinley Measley, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Stuart J. Baskin Randall Martin, Shearman & Sterling LLP, New York, NY for defendants.

    Case Number: D69255

    Controller standing on both sides of a merger transaction without dual protections for minority shareholders was required to defend transaction under entire fairness review standard rather than business judgment rule.

  • Germaninvestments AG v. Allomet Corp.

    Publication Date: 2020-12-09
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: R. Craig Martin, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE for plaintiffs.
    for defendant: John P. DiTomo, Ryan D. Stottmann, Aubrey J. Morin, Morris, Nichols, Arsht, & Tunnell LLP, Wilmington, DE for defendants.

    Case Number: D69215

    Case dismissed where plaintiff had failed to join parties whose participation was indispensable because plaintiff's relief required adjudication of those parties' interests, and joinder of the parties to a Delaware action was not feasible.

  • Sylebra Capital Partners Master Fund, Ltd. v. Perelman

    Publication Date: 2020-10-28
    Practice Area: Corporate Governance
    Industry: Entertainment and Leisure | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Samuel T. Hirzel II, Gillian L. Andrews, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Patrick J. Smith, Andrew J. Rodgers, Nicholas J. Karasimas, Smith Villazor LLP, New York, NY for plaintiffs.
    for defendant: William M. Lafferty, Susan W. Waesco, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Kevin J. Orsini, Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY for defendants.

    Case Number: D69171

    The court dismissed plaintiff's complaint because the company's bylaws contained a mandatory forum selection provision in favor of another state.

  • Pilot Air Freight, LLC v. Manna Freight Sys., Inc.

    Publication Date: 2020-10-07
    Practice Area: Mergers and Acquisitions
    Industry: Cargo and Shipping | Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Troy S. Brown, Margot G. Bloom, Brian F. Morris, Morgan, Lewis & Bockius LLP, Philadelphia, PA for plaintiff.
    for defendant: Kurt M. Heyman, Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Michael F. Cockson, Nathaniel J. Zulstra, Faegre Drinker Biddle & Reath LLP, Minneapolis, MN for defendants.

    Case Number: D69146

    Plaintiff failed to bring its claim for indemnification within the time period stated in the parties' contract, and it identified no gap to fill with respect to its good faith and fair dealing claim.

  • In re Nat'l Collegiate Student Loan Trusts Litig.

    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.

  • In re: Nat'l Collegiate Student Loan Trusts Litig.

    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.

  • AM Gen. Holdings LLC v. The Renco Grp., Inc.

    Publication Date: 2020-07-15
    Practice Area: Corporate Governance
    Industry: Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Robert A. Atkins, Steven C. Herzog, Harris Fischman, and Jeremy A. Benjamin, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, J. Peter Shindel, Jr., and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Andrew J. Frackman, Edward N. Moss, and Moshe Mandel, O’Melveny & Myers LLP, New York, NY for defendant.

    Case Number: D69046

    Managing member not required to obtain other member's consent to sale of capital stock assets where operating agreement expressly provided that consent for such a sale would only be required before a certain date.