• Surf's Up Legacy Partners, LLC v. Virgin Fest, LLC

    Publication Date: 2021-01-27
    Practice Area: Deals and Transactions
    Industry: Entertainment and Leisure
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: Theodore A. Kittila, James G. MacMillan, III, Halloran Farkas + Kittila LLP, Wilmington, DE; Eric M. George, Kim S. Zeldin, Browne George Ross LLP, Los Angeles, CA for plaintiffs.
    for defendant: Robert K. Beste, Jason Z. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Marvin S. Putnam, Jessica Stebbins Bina, Lathan & Watkins LLP, Los Angeles, CA for defendants.

    Case Number: D69276

    The court granted a motion to dismiss plaintiffs' claim for tortious interference with contractual relations, but defendants alleged sufficient facts in support of their fraud-based counterclaims.

  • In re WeWork Litig.

    Publication Date: 2020-11-18
    Practice Area: Deals and Transactions
    Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: William M. Lafferty, Kevin M. Coen, Sabrina M. Hendershot, Sara Toscano, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Eric Seiler, Philippe Adler, Mala Ahuja Harker, Friedman Kaplan Seiler & Adelman LLP, New York, NY; William Christopher Carmody, Shawn J. Rabin, Arun Subramanian, Susman Godfrey L.L.P., New York, NY for plaintiffs.
    for defendant: William B. Chandler, III, Brad D. Sorrels, Lori W. Will, Lindsay Kwoka Faccenda, Leah E. Brenner, Jeremy W. Gagas, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; David J. Berger, Steven M. Gugen-heim, Dylan G. Savage, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA; Michael S. Sommer, Wilson Sonsini Goodrich & Rosati, P.C., New York, NY for the special committee of the board of directors of The We Co. Robert S. Saunders, Sarah R. Martin, Arthur R. Bookout, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; George A. Zimmerman, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY for The We Co. Elena C. Norman, Rolin P. Bissell, Nicholas J. Rohrer, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Erik J. Olson, Morrison & Foerster LLP, Palo Alto, CA; James Bennett, Jordan Eth, Morri-son & Foerster LLP, San Francisco, CA for defendant SoftBank Group Corp. Michael A. Barlow, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John B. Quinn, Molly Stephens, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for defendant SoftBank Vision Fund.

    Case Number: D69193

    Plaintiff stated a claim against defendants for breach of contract, but his breach of fiduciary duty claim was duplicative of the contract claim.

  • Jacobs v. Meghji

    Publication Date: 2020-10-21
    Practice Area: Deals and Transactions
    Industry: Construction | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Stephen E. Jenkins, Richard D. Heins, Ashby & Geddes, Wilmington, DE; Donald J. Enright, Elizabeth K. Tripodi, Jordan A. Cafritz, Levi & Korsinsky, LLP, Washington, DC for plaintiff.
    for defendant: T. Brad Davey, J. Matthew Belger, Nicholas D. Mozal, Potter Anderson & Corroon LLP, Wilmington, DE; S. Michael Sirkin, Ross, Aronstam & Moritz LLP, Wilmington, DE; Yosef J. Riemer, Jeffrey Goldfine, Kirkland & Ellis LLP, New York, NY; Daniel A. Mason, Brandan W. Sullivan, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Andrew J. Ehrlich, Gregory Laufer, Anika Rappleye, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Lisa A. Schmidt, Alexander M. Krischik, Richards, Layton & Finger, P.A., Wilmington, DE for defendants

    Case Number: D69163

    The court granted a motion to dismiss claims for aiding and abetting and for unjust enrichment, because plaintiff failed to demonstrate knowing participation in any breaches of fiduciary duty.

  • Windsor I, LLC v. CWCapital Asset Mgmt. LLC

    Publication Date: 2020-09-23
    Practice Area: Deals and Transactions
    Industry: Financial Services and Banking | Real Estate
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69133

    Plaintiff failed to state claims for promissory estoppel and unjust enrichment in connection with a proposed transaction which never materialized. Affirmed.

  • Swipe Acquisition Corp. v. Krauss

    Publication Date: 2020-09-09
    Practice Area: Deals and Transactions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: David E. Ross and S. Michael Sirkin, Ross Aranstam & Moritz LLP, Wilmington, DE; Michael Farhang, Ari Lanin and Samuel A. Spears, Gibson, Dunn & Crutcher LLP, Los Angeles, CA for plaintiff.
    for defendant: Michael F. Bonkowski, Cole Schotz, P.C., Wilmington, DE; Kevin A. Reck, Kara M. Wick and Emily Lang, Foley & Lardner LLP, Orlando, FL; Louis J. Rizzo, Jr., Reger Rizzo & Darnell LLP, Wilmington, DE; William E. Shmidheiser, III, Flora Pettit, Harrisonburg; Raymond H. Lemisch, Klehr, Harrison, Harvey & Branzburg LLP, Wilmington, DE for defendants.

    Case Number: D69114

    Buyers stated claims for breach of contract, indemnity and fraud in connection with the sale of a business, because sellers failed to disclose important customer information.

  • River Valley Ingredients, LLC v. Am. Proteins, Inc.

    Publication Date: 2020-05-20
    Practice Area: Deals and Transactions
    Industry: Food and Beverage
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Stephen B. Brauerman and Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Edward S. Sledge IV, Whitt Steineker, Zachary A. Madonia, Hillary C. Campbell and K. Laney Gifford, Bradley Arant Boult Cummings LLP, Birmingham, AL for plaintiffs.
    for defendant: Philip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; J. Allen Maines, Caroline Johnson Tanner, A. André Hendrick, Matthew D. Friedlander, Patrick B. Reagin and Jacquelyn Thomas Watts, Holland & Knight LLP, Atlanta, GA for defendants.

    Case Number: D68987

    Defendants were bound by a forum selection clause in an asset purchase agreement, so the court granted plaintiffs' motion to remand the case to state court.

  • Great Hill Equity Partners IV, LP v. SIG Growth Equity Management, LLC

    Publication Date: 2020-03-11
    Practice Area: Deals and Transactions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Rudolf Koch, Robert L. Burns and Megan E. O’Connorm, Richards, Layton & Finger, P.A., Wilmington, DE; Adam Slutsky, Goodwin Procter LLP, Boston, MA for plaintiffs.
    for defendant: William B. Chandler III, Ian R. Liston and Jessica A. Hartwell, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Mark A. Kirsch, Scott A. Edelman, Aric H. Wu, Laura K. O’Boyle and Peter Wade, Gibson, Dunn & Crutcher LLP, New York, NY for SIG defendants. Lewis H. Lazarus, Marris James LLP, Wilmington, DE; Peter N. Flocos and Joanna A. Diakos, K&L Gates LLP, New York, NY for defendants Herzog and Kleinberg. David S. Eagle, Sean M. Brennecke, Michael K. Coran, William T. Hill, Monica Clarke Platt and Gregory R. Sellers, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE and Philadelphia, PA for defendants Tal and Itshayek.

    Case Number: D68905

    Although plaintiff prevailed on certain claims with respect to the question of liability, the court awarded no damages. Plain-tiff's evidence for damages was speculative and impossible to allocate.

  • Davidow v. LRN Corp.

    Publication Date: 2020-03-11
    Practice Area: Deals and Transactions
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Stephen D. Dargitz, Kevin H. Davenport, and Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiff.
    for defendant: Kevin G. Abrams, J. Peter Shindel, and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; James E. Brandt and Blair Connelly, Latham & Watkins, LLP, New York, NY for defendants.

    Case Number: D68903

    Complaint challenging self-tender offer not denied where subject to entire fairness review because inadequate disclosures and structure of offer rendered it coercive and where directors obtained personal benefits from the self-tender.

  • Quarum v. Mitchell Int'l, Inc.

    Publication Date: 2020-02-05
    Practice Area: Deals and Transactions
    Industry: Insurance | Technology Media and Telecom
    Court: Delaware Superior Court
    Judge: Judge LeGrow
    Attorneys: For plaintiff: David P. Primack and David W. Giattino, McElroy, Deutsch, Mulvaney & Carpenter, LLP, Wilmington, DE; Noah Jarrett of Schwabe, Williamson & Wyatt PC, Portland, OR for plaintiff.
    for defendant: John P. DiTomo, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Michael A. Duffy and Michael C. McCutcheon, Baker & McKenzie LLP, Chicago, IL for defendant.

    Case Number: D68869

    A complaint contained sufficient allegations to support some of the breach of contract claims, and the election of remedies doctrine did not preclude relief.

  • JJS, Ltd. v. Steelpoint CP Holdings, LLC

    Publication Date: 2019-10-30
    Practice Area: Deals and Transactions
    Industry: Consumer Products | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Stamatios Stamoulis, Stamoulis & Weinblatt LLS, Wilmington, DE; William J. Caldarelli, Caldarelli Hejmanowski Page & Leer LLP, San Diego, CA for plaintiffs.
    for defendant: Matthew W. Murphy and Nicole M. Henry, Richards, Layton & Finger, P.A., Wilmington, DE for defendants Pro Performance Sports LLC, Caccavo, Potter, Broadhead and Wiseman. Bradley R. Araonstam and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE for defendant Steelpoint CP Holdings, LLC.

    Case Number: D68756

    Plaintiffs alleged sufficient facts to support a breach of fiduciary duty claim due to a conflicted sale transaction, but the court dismissed the remainder of plaintiffs' claims.

  • Neurvana Med., LLC v. Balt USA, LLC

    Publication Date: 2019-10-02
    Practice Area: Deals and Transactions
    Industry: Biotechnology
    Court: Court of Chancery
    Judge: Vice Chancellor MCormick
    Attorneys: For plaintiff: Jason A. Cincilla, Amaryah K. Bocchino, Ryan W. Browning and Tye C. Bell, Manning Gross + Massenburg LLP, Wilmington, DE; John M. Pierce, Michael M. Pomerantz, Elizabeth C. DeGori and Matthew J. Kokot, Pierce Bainbridge Beck Price & Hecht LLP, New York, NY for plaintiff.
    for defendant: Lori W. Will, Daniyal M. Iqbal, Jeremy W. Gagas, Dylan J. Liddiard, Charles A. Talpas and Brian J. Levy, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE, Palo Alto, CA and New York, NY for defendants.

    Case Number: D68723

    The court granted a motion to dismiss for lack of personal jurisdiction over a foreign defendant, because the company was not bound by a forum selection clause contained in its subsidiary's contract with plaintiff and the facts did not support jurisdiction based on an agency theory.