• In Re Appraisal of Columbia Pipeline Grp., Inc.

    Publication Date: 2018-09-12
    Practice Area: Mergers and Acquisitions
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Stephen E. Jenkins, Andrew D. Cordo, Marie M. Degnan, Ashby & Geddes, P.A., Wilmington, DE; Marcus E. Montejo, Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, John Vielandi, Bernstein Litowitz Berger & Grossmann LLP, New York, NY, attorneys for petitioners
    for defendant: Martin S. Lessner, James M. Yoch, Jr., Paul J. Loughman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Brian J. Massengill, Linda X. Shi, Mayer Brown LLP, Chicago, IL, attorneys for respondent.

    Case Number: D68280

    Motion for continued confidential treatment of litigation records denied where moving party failed to demonstrate good cause to overcome the presumption in favor of the right of public access to judicial records.

  • Mesirov v. Enbridge Energy Co., Inc.

    Publication Date: 2018-09-12
    Practice Area: Corporate Governance | Deals and Transactions
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher P. Quinn, Jessica Zeldin, Lawrence P. Eagel, Jeffrey H. Squire and David J. Stone for plaintiff
    for defendant: Thomas W. Briggs, Jr., Richard Li, Kevin C. Logue, Kevin P. Broughel, J. Jeanette Kang and Molly L. Leiwant for Enbridge Energy Co., Inc. defendants; Raymond J. DiCamillo, Sarah A. Galetta, Lisa A. Schmidt, Michael H. Steinberg, Lauren M. Cruz, Zachary A. Sarnoff and Penny Shane, Yuliya Neverova for Enbridge, Inc. defendants; T. Brad Davey, Matthew F. Davis, Jacqueline A. Rogers and Abby F. Rudzin for defendant Piper Jaffray & Co.

    Case Number: D68282

    The law of the case determined resolution of certain matters raised in defendants' motions to dismiss.

  • QC Holdings, Inc. v. Allconnect, Inc.

    Publication Date: 2018-09-12
    Practice Area: Contractual Disputes | Corporate Entities | Mergers and Acquisitions
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: S. Mark Hurd, Alexandra M. Cumings, Danny David, Benjamin Sweet and Kelly Hanen for plaintiff
    for defendant: A. Thompson Bayliss, Cameron T. Kirby, Matthew L. DiRisio and Thomas G. Weber for defendant.

    Case Number: D68283

    A party properly exercised its rights under a put agreement, so the company was contractually obligated to pay the put price.

  • Godden v. Franco

    Publication Date: 2018-09-05
    Practice Area: Corporate Governance
    Industry: Cargo and Shipping
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Samuel T. Hirzel, II, Melissa N. Donimirski, Elizabeth A. DeFelice, HEYMAN ENERIO GATTUSO & HIRZEL, LLP, Wilmington, DE, Kevin H. Marino, John D. Tortorella, John A. Boyle, MARINO, TORTORELLA & BOYLE, P.C., Chatham, NJ, Kostas D. Katsiris, VENABLE LLP, NY, NY, for plaintiffs
    for defendant: Elena C. Norman, Richard J. Thomas, Benjamin M. Potts, YOUNG CONAWAY STARGATT & TAYLOR, LLP, Wilmington, DE; Robert M. Sulkin, Gregory J. Hollon, MCNAUL, EBEL, NAWROT & HELGREN PLLC, Seattle, WA, for defendant.

    Case Number: D68273

    A written consent to terminate a corporate office was not self-executing with regard to all of the company's subsidiaries.

  • Almond v. Glenhill Advisors LLC

    Publication Date: 2018-08-29
    Practice Area: Mergers and Acquisitions
    Industry:
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Peter B. Ladig, Bayard, P.A, Wilmington, DE; David H. Wollmuth and Michael C. Ledley, Wollmuth Maher & Deutsch LLP, New York, NE; Norman M. Monhait and P. Bradford deLeeuw, Rosenthal Monhait & Goddess, P.A., Wilmington, DE; Scott J. Watnkid, Wilk Auslander LLP, New York, NY; Thomas A. Brown, Morea Schwartz Bradham Friedman & Brown LLP, New York, NY, attorneys for plaintiffs
    for defendant: Andrew D. Cordo and F. Troupe Mickler IV, Ashby & Geddes, Wilmington, DE; Adrienne M. Ward and Brian Katz, Olshan Frome Wolosky LLP, New York, NY; John B. Horgan, Ellenoff Grossman & Schole LLP, New York, NY; Douglas D. Herrmann, Pepper Hamilton LLP, Wilmington, DE; Paul B. Carberry, Joshua Weedman, and Erin Smith, White & Case LLP, New York, NY; Frederick B. Rosner, Scott J. Leonhardt, and Jason A. Gibson, The Rosner Law Group LLC, Wilmington, DE; S. Preston Ricardo, Golenbock Eiseman Assor Bell & Peskoe LLP, New York, NY; John D. Hendershot, Susan M. Hannigan, and Brian F. Morris, Richards, Layton & Finger P.A., Wilmington, DE; Bryan B. House, Foley & Lardner LLP, Milwaukee, WI, attorneys for defendants.

    Case Number: D68262

    Overpayment claims challenging merger transaction were derivative claims extinguished by merger where defendant was a controlling stockholder and enjoyed no increase in its economic stake or voting power.

  • Domain Assocs., LLC v. Shah

    Publication Date: 2018-08-29
    Practice Area: Corporate Governance
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Brian M. Rostocki and Benjamin P. Chapple, Reed Smith LLP, Wilmington, DE; Scott D. Baker and James A. Daire, Reed Smith LLP, San Francisco, CA, attorneys for plaintiffs
    for defendant: Elena C. Norman, Tammy L. Mercer, and Lakshmi Muthu, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael A. Kahn and Nathaniel P. Bualat, Crowell & Moring, San Francisco, CA, attorneys for defendant.

    Case Number: D68264

    In the absence of an express operating agreement provision, expelled LLC member entitled to fair value of membership interest as of date of withdrawal.

  • ChyronHego Corp. v. Wight

    Publication Date: 2018-08-15
    Practice Area: Business Torts | Mergers and Acquisitions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: A. Thompson Bayliss and E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; Peter M. Stone, Paul Hastings LLP, Palo Alto, CA, attorneys for plaintiffs
    for defendant: D. McKinley Measley and Daniel T. Menken, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Overton Thompson III and Joseph B. Crace, Jr., Bass Berry & Sims PLC, Nashville, TN, attorneys for defendants.

    Case Number: D68247

    Contractual anti-reliance clause precluded plaintiffs from pleading justifiable reliance in support of claims of extracontractual fraud.

  • In re Oxbow Carbon LLC Unitholder Litigation

    Publication Date: 2018-08-15
    Practice Area: Contractual Disputes
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kenneth J. Nachbar, Thomas W. Briggs, Jr., Richard Li, R. Robert Popeo, Michael S. Gardener and Breton Leone-Quick for Oxbow Carbon LLC; Stephen C. Norman, Jaclyn C. Levy, Daniyal M Iqbal, Da-vid B. Hennes, C. Thomas Brown, Adam M. Harris and Elizabeth D. Johnston for Koch parties
    for defendant: Kevin G. Abrams, Michael A. Barlow, April M. Ferraro, Brock E. Czeschin, Matthew D. Perri, Sarah A. Galetta, Chad Johnson, Jennifer Barrett and Silpa Maruri for Crestview parties; J. Clayton Athey, John G. Day, Dale C. Christensen, Jr., and Michael B. Weitman for Loan Line Capital LLC.

    Case Number: D68250

    Where a party disrupted and delayed an exit sale, the court awarded both the remedies of specific performance and compensatory damages.

  • In re Appraisal of Solera Holdings, Inc.

    Publication Date: 2018-08-15
    Practice Area: Mergers and Acquisitions
    Industry: Software
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Stuart M. Grant, Christine M. Mackintosh, Vivek Upadhya, Daniel L. Berger, Lawrence M. Rolnick, Ste-ven M. Hecht and Jonathan M. Kass for petitioners
    for defendant: David E. Ross, S. Michael Sirkin, Yousef J. Riemer, Devora W. Allon, Elliot C. Harvey Schatmeier, Rich-ard Nicholson and Madelyn A. Morris for respondent.

    Case Number: D68249

    In the appraisal proceeding filed by shareholders following a merger, the court gave dispositive weight to the deal price less synergies.

  • Sciabacucchi v. Liberty Broadband Corp.

    Publication Date: 2018-08-08
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Kurt M. Heyman, Melissa N. Donimirski, Jason M. Leviton and Joel A. Fleming for plaintiff
    for defendant: Donald J. Wolfe, Jr., Peter J. Walsh, Jr., Brian C. Ralston, Tyler J. Leavengood, Jaclyn C. Levy, Aaron R. Sims and Richard B. Harper for defendants Liberty Broadband, Malone and Maffei; Martin S. Less-ner, David C. McBride, James M. Yoch, Jr., Paul J. Loughman, William Savitt, Anitha Reddy and David Kirk for remaining defendants.

    Case Number: D68243

    A stockholder failed to state any direct claims, but he adequately alleged demand futility and a viable deriva-tive claim for breach of fiduciary duty.