• In re: Ursa Operating Co. LLC

    Publication Date: 2021-06-09
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | Energy | Real Estate
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Maria Aprile Sawczuk, Goldstein & McClintock, LLP, Wilmington, DE; George A. Barton, Taylor P. Foye, Barton and Burrows, LLC, Mission, KS for royalty claimants.
    for defendant: Robert S. Brady, Edmon L. Morton, Kenneth J. Enos, Joseph M. Mulvihill, Young Conaway Stargatt & Tay-lor, LLP, Wilmington, DE; Duston K. McFaul, Maegan Quejada, Sidley Austin LLP, Houston, TX; David Kronenberg, Sidley Austin LLP, Washington, DC; Robert S. Velevis, Sidley Austin LLP, Dallas, TX for wind-down debtor. John H. Knight, Amanda R. Steele, David T. Queroli, Richards, Layton & Finger, P.A., Wilmington, DE; Ana Alfonso, Erin Ryan, Wilkie Farr & Gallagher LLP, New York, NY for Wells Fargo Bank.

    Case Number: D69426

    Royalty claimants were not entitled to an emergency stay in this appeal because they failed to show irrepa-rable harm or a likelihood of success.

  • Omega Capital Mgmt. Partners, LLC v. Schrage

    Publication Date: 2021-06-09
    Practice Area: Contracts
    Industry: Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Aman K. Sharma, Igwe & Sharma, LLC, Wilmington, DE; E. Jordan Teague, Beau B. Brogdon, Campbell Teague LLC, Greenville, SC for plaintiff.
    for defendant: Albert J. Carroll, P. Clarkson Collins, Jr., Christopher P. Quinn, Barnaby Grzaslewicz, Morris James LLP, Wilmington, DE for defendant.

    Case Number: D69429

    The court granted defendant's motion to dismiss because plaintiff alleged only an "agreement to agree" ra-ther than an enforceable contract.

  • vMedex, Inc. v. TDS Operating, Inc.

    Publication Date: 2021-05-19
    Practice Area: Contractual Disputes
    Industry: Software
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Ann M. Kashishian, Kashishian Law LLC, Wilmington, DE; Marlo J. Hittman, Law Office of Marlo J. Hittman, Livingston, NJ for plaintiffs.
    for defendant: Marc S. Casarino, White & Williams LLP, Wilmington, DE; David M. Friebus, Baker & Hostetler LLP, Chica-go, IL for defendants.

    Case Number: D69404

    The court granted defendants' motion to dismiss plaintiffs' claims with prejudice, except for one claim per-taining to an earn-out provision.

  • Consumer Fin. Prot. Bureau v. The Nat'l Collegiate Master Student Loan Trust

    Publication Date: 2021-04-21
    Practice Area: Creditors' and Debtors' Rights
    Industry: Financial Services and Banking | Federal Government
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Gabriel S.H. Hopkins, Jane M.E. Peterson, Stephen C. Jacques, Consumer Financial Protection Bureau, Washington, DC for plaintiff.
    for defendant: Kurt M. Heyman, Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Erik W. Haas, Peter W. Tomlinson, Joshua Kipnees, George A. LoBiondo, Jared Buszin, Devon Hercher, Peter Shakro, Patterson Belknap Webb & Tyler LLP, New York, NY; Stacey A. Scrivani, Stevens & Lee, P.C., Wilmington, DE; Nicholas H. Pennington, Stevens & Lee, P.C., King of Prussia, PA; Stephen B. Brauerman, Jason C. Jowers, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE for intervenors.

    Case Number: D69366

    Where CFPB director lacked constitutional authority to initiate an enforcement action, failure of the agency to take diligent action to preserve its enforcement rights meant that ratification by validly appointed director outside the statute of limitation was untimely.

  • In re Ex Parte Application of Eni S.p.A.

    Publication Date: 2021-04-07
    Practice Area: Discovery
    Industry: Energy
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Daniel Bartley Rath, Rebecca Lyn Butcher, Jennifer L. Cree, Landis Rath & Cobb LLP, Wilmington, DE; Nicolas Bourtin, Beth D. Newton, Michele C. Materni, Sullivan & Cromwell LLP, New York, NY for applicant.
    for defendant: David E. Ross, Ross Aronstam & Moritz LLP, Wilmington, DE for respondents.

    Case Number: D69352

    Court granted ex parte application for discovery for use in foreign proceedings where arbitration established by international treaty qualified as a foreign proceeding and where parties seeking to quash subpoenas failed to show the discovery would be inadmissible in foreign proceedings or that those proceedings had already denied similar discovery demands.

  • David v. The Weinstein Co. Holdings, LLC

    Publication Date: 2021-03-31
    Practice Area: Bankruptcy
    Industry: Insurance
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Frederick B. Rosner, Zhao (Ruby) Liu, The Rosner Law Group LLC, Wilmington, DE; Douglas H. Wigdor, Bryan L. Arbeit, Wigdor LLP, New York, NY; Kevin Mintzer, The Law Office Of Kevin Mintzer, P.C., New York, NY; Thomas P. Giuffra, Rheingold Giuffra Ruffo & Plotkin LLP, New York, NY for appellants.
    for defendant: Robert J. Feinstein, Debra I. Grassgreen, Jason H. Rosell, Colin R. Robinson, Pachulski Stang Ziehl & Jones LLP, Wilmington, DE for appellee.

    Case Number: D69342

    Bankruptcy court properly approved non-consensual third-party releases of insurers and directors/officers in liquidation plan where releases necessary to secure funds from released parties needed to satisfy creditor claims.

  • Yeransian v. Markel Corp.

    Publication Date: 2021-03-31
    Practice Area: Mergers and Acquisitions
    Industry: Financial Services and Banking | Insurance | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Laurence V. Cronin, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; James D. Sherrets, Diana J. Bogt, Sherrets Bruno & Vogt, LLC, Omaha, NE for plaintiff.
    for defendant: John M. Seaman, Abrams & Bayliss LLP, Wilmington, DE; Kristine Maher, Thomas Prewitt, Graydon Head & Ritchey LLP, Cincinnati, OH; Russell C. Silberglied, Travis S. Hunter, Richards, Layton & Finger, P.A., Wilmington, DE; Joseph M. Pastore, III, Pastore & Dailey LLC, Stamford, CT for defendants.

    Case Number: D69349

    The court granted a motion to dismiss plaintiff's claims based on res judicata and lack of standing.

  • Ocimum Biosolutions (India) Ltd. v. LG Corp., LLC

    Publication Date: 2021-03-24
    Practice Area: Contractual Disputes
    Industry: Biotechnology | Manufacturing | Software
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Christopher Page Simon, Kevin Scott Mann, Cross & Simon, LLC, Wilmington, DE; C. Edward Polk, Jr., Polk Law PLLC, Ashburn, VA for plaintiff.
    for defendant: David Ellis Moore, Bindu Ann George Palapura, Stephanie E. O’Byrne, Potter Anderson & Corroon LLP, Wilmington, DE; Virginia A. Gibson, Hogan Lovells US LLP, Philadelphia, PA; Steven M. Levitan, Gurtej Singh, Hogan Lovells US LLP, Menlo Park, CA; Joseph J. Raffetto, Andrew J. Lee, Hogan Lovells US LLP, Washington, DC for defendants.

    Case Number: D69339

    The court dismissed plaintiff's claims based on lack of standing and the expiration of the statute of limita-tions, but gave plaintiff an opportunity to amend.

  • Calamos Asset Mgmt., Inc. v. Travelers Cas. & Surety Co. of Am.,

    Publication Date: 2021-03-10
    Practice Area: Insurance Law
    Industry: Insurance | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Jennifer C. Wasson, Carla M. Jones, Potter Anderson & Corroon LLP, Wilmington, DE; Matthew J. Schlesinger, Colin P. Watson, Maura A. Sokol, Covington & Burling LLP, Washington, DC for plaintiff.
    for defendant: Francis G.X. Pileggi, Lewis Brisbois Bisgaard & Smith LLP, Wilmington, DE; Ronald P. Schiller, Daniel J. Layden, Hangley Aronchick Segal Pudlin & Schiller, Philadelphia, PA for defendant.

    Case Number: D69318

    Corporation was not entitled to coverage under Directors and Officers liability policy for stockholders' underlying action against the company where the policy only provided coverage for securities claims and the underlying breach of fiduciary duty claims did not concern regulating securities.

  • Guliyev v. Sandberg

    Publication Date: 2021-03-03
    Practice Area: Corporate Governance
    Industry: Software
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Christopher J. Kupka, Samir Shukurov, William J. Fields, Fields Kupka & Shukurov LLP, New York, NY for plaintiff.
    for defendant: A. Thompson Baylis, Daniel John McBride, Abrams & Bayliss LLP, Wilmington, DE for defendants.

    Case Number: D69314

    The court awarded plaintiff attorney fees in this proxy challenge litigation based on the "common corporate benefit" doctrine, but it awarded a much smaller amount than plaintiff requested.