• Sandhill Acres MHC, LC v. Sandhill Acres Home Owners Ass'n

    Publication Date: 2019-05-29
    Practice Area: Landlord Tenant Law
    Industry:
    Court: Delaware Supreme Court
    Judge: Justice Strine
    Attorneys: For plaintiff: Nicole M. Faries, Baird Mandalas & Brockstedt, LLC, Wilmington, DE for plaintiff.
    for defendant: Daniel S. Atlas, Steven D. Adler and Brian S. Eng, Community Legal Aid Society, Inc., Wilmington and Dover, DE for defendant. Michael P. Morton and Robert J. Valihura, Jr., Morton, Valihura & Zerbato, LLC, Greenville, DE for Amicus Curiae First State Manufactured Housing Ass'n.

    Case Number: D68577

    The owner of a manufactured housing community could raise rent under the Rent Justification Act based on evidence of a capital expenditure or increase in operational or maintenance expenses that had a direct and sub-stantial relationship to the proposed rent increase.

  • Leaf Invenergy Co. v. Invenergy Renewables LLC

    Publication Date: 2019-05-22
    Practice Area: Damages | Deals and Transactions
    Industry: Energy | Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Bradley D. Sorrels, Shannon E. German, Andrew D. Berni, Keith E. Eggleton, Steven D. Guggenheim and David A. McCarthy, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE and Palo Alto, CA for plaintiff.
    for defendant: Kenneth J. Nachbar, Kevin M. Coen, Zi-Xiang Shen and Coleen W. Hill, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Bruce S. Sperling, Harvey J. Barnett and Eamon P. Kelly, Sperling & Slater, P.C., Chicago, IL for defendant.

    Case Number: D68469

    The parties' agreement unambiguously required consent or the redemption of shares in the event of a sale, and because de-fendant chose to do neither, plaintiff was entitled to damages.

  • Verition Partners Master Fund Ltd. V. Aruba Networks, Inc.

    Publication Date: 2019-05-01
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Per Curiam
    Attorneys: For plaintiff: Michael J. Barry, Christine M. Mackintosh, Michael T. Manuel and Rebecca A. Musarra, Grant & Eisenhofer P.A., Wilming-ton, DE for petitioners.
    for defendant: Michael P. Kelly, Steven P. Wood and Daniel J. Brown, McCarter & English, LLP, Wilmington, DE; Marc J. Sonnenfeld, Karen Pieslak Pohlmann and Laura Hughes McNally, Morgan, Lewis & Bockius LLP, Philadelphia, PA for respondent. Ned Wein-berger, Derrick Farrell and Thomas Curry, Labaton Sucharow LLP, Wilmington, DE for amici curiae professors in support of petitioners. Gregory P. Williams, Richards, Layton & Finger, P.A., Wilmington, DE for amici curiae professors in support of respondent.

    Case Number: D68549

    The chancery court abused its discretion in this statutory appraisal proceeding when valuing the shares by deducting unspeci-fied reduced agency costs from the deal price.

  • Olenik v. Lodzinski

    Publication Date: 2019-04-17
    Practice Area: Deals and Transactions
    Industry: Energy | Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Jeremy S. Friedman, Spencer Oster and David F.E. Tejtel, Friedman Oster & Tejtel, PLLC, New York, NY; Ned Weinburger and Thomas Curry, Labaton Sucharow LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer and David Sborz, Andrews & Springer LLC, Wilmington, DE for plaintiff.
    for defendant: Kenneth J. Nachbar, D. McKinley Measley and Lauren Neal Bennett, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Gerard G. Pecht, Peter A. Stokes and William Patrick Courtney, Norton Rose Fullbright US LLP, Houston, TX and Austin, TX for defendants Lodzinski, Singleton, Bold Energy III LLC and Earthstone Energy, Inc. Rolin P. Bissell and James M. Yoch, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Craig E. Zieminski, Stephen S. Gilstrap, R. Kent Piacenti and Jeffrey Crough, Vinson & Elkins LLP, Dallas, TX for defendants Swanson, Thielmann, Zorich, EnCap Investments, Bold Energy Holdings, LLC and Oak Valley Resources, LLC.

    Case Number: D68531

    Plaintiff alleged sufficient facts to avoid dismissal of this derivative action, because substantive economic negotiations occurred prior to the formation of a special committee.

  • Sunline Commercial Carriers, Inc. v. CITGO Petroleum Corp.

    Publication Date: 2019-03-27
    Practice Area: Contractual Disputes
    Industry: Cargo and Shipping | Energy | Transportation
    Court: Delaware Supreme Court
    Judge: Justice Strine
    Attorneys: For plaintiff: Michael F. Bonkowski and Nicholas J. Brannick, Cole Schotz P.C., Wilmington, DE ; Ross A. Mortillaro, Stinson Leonard Street LLP, Dallas, TX for plaintiff.
    for defendant: Mary F. Dugan, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; John Zavitsanos, Debora Si-mon Pacholder and Edward Goolsby, Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing, P.C., Houston, TX for defendant.

    Case Number: D68508

    The parties' contractual agreements contained inconsistencies, and these ambiguities precluded summary judgment.

  • KT4 Partners LLC v. Palantir Tech. Inc.

    Publication Date: 2019-02-13
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Strine
    Attorneys: For plaintiff: Bartholomew J. Dalton and Michael C. Dalton, Dalton & Assoc., P.A., Wilmington, DE; Barry S. Simon, Jonathan B. Pitt and Stephen L. Wohlgemuth, Williams & Connolly LLP, Washington, DC for plaintiff.
    for defendant: Blake Rohrbacher, Kevin M. Gallagher and Kelly L. Freund, Richards, Layton & Finger, P.A., Wilming-ton, DE; Kevin J. Orsini and Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY for defendant.

    Case Number: D68458

    The chancery court abused its discretion in refusing to allow a shareholder to inspect emails under a §220 books and records, request, because the corporation did not have any formal documents relating to the amend-ment of an investors' rights agreement.

  • Oxbow Carbon & Minerals Holdings, Inc. v. Crestview-Oxbow Acquisition, LLC

    Publication Date: 2019-01-30
    Practice Area: Contractual Disputes
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Stephen C. Norman and Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; David B. Hennes, C. Thomas Brown, Adam M. Harris and Elizabeth D. Johnston, Ropes & Gray LLP, New York, NY for plaintiffs Oxbow Carbon & Mineral Holdings, Ingraham Investments, William I. Koch and Oxbow Carbon Investment Co. LLC. Kenneth J. Nachbar, Thomas W. Briggs, Jr. and Richard Li, Morris, Nich-ols, Arsht & Tunnell LLP, Wilmington, DE; R. Robert Popeo, Michael S. Gardener and Breton Leo-ne-Quick, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., Boston, MA for plaintiff
    for defendant: Oxbow Carbon LLC. Kevin G. Abrams, Michael A. Barlow and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Brock E. Czeschin, Matthew D. Perri and Sarah A. Galetta, Richards, Layton & Finger, P.A., Wilmington, DE; Michael B. Carlinsky, Chad Johnson, Jennifer Barrett, Silpa Maruri, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Christopher Landau, Quinn Emanuel Urquhart & Sul-livan, LLP, Washington, DC for defendant Crestview-Oxbow Acquisition. J. Clayton Athey and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Dale C. Christensen, Jr and Michael B. Weitman, Seward & Kissell, LLP, New York, NY for defendant Load Line Capital

    Case Number: D68441

    The plain language of an LLC agreement governed the parties' dispute, and the trial court improperly implied a cove-nant where no contractual gap existed. Affirmed in part, reversed in part.

  • Homeland Ins. Co. of New York v. Corvel Corp.

    Publication Date: 2018-12-05
    Practice Area: Insurance Law
    Industry: Health Care | Insurance
    Court: Delaware Supreme Court
    Judge: Justice Vaughn
    Attorneys: For plaintiff: David Newmann and Catherine E. Stetson, Hogan Lovells US LLP, Washington, DC; Timothy Jay Houseal, Jennifer M. Kinkus and William E. Gamgort, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael J. Rosen and Peter F. Lovato, III, Skarzynski Black, LLC for appellant
    for defendant: John M. Seaman and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE for appellee.

    Case Number: D68374

    Bad faith claim brought by insured barred by applicable statute of limitations where the claim accrued when insured settled a covered litigation and when insured knew insurer had made its alleged misrepresentation in prior litigation.

  • CompoSecure, LLC v. CardUX, LLC

    Publication Date: 2018-11-21
    Practice Area: Contracts
    Industry: Consumer Products | Manufacturing
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Myron T. Steele, Arthur L. Dent, and Andrew H. Sauder of Potter Anderson & Corroon LLP, Wilmington, DE; Steven M. Coren and David M. DeVito of Kaufman, Coren & Ress, P.C., Philadelphia, PA, attorneys for appellants
    for defendant: David J. Margules, Elizabeth A. Sloan, and Jessica C. Watt of Ballard Spahr LLP, Wilmington, DE; Burt M. Rublin of Ballard Spahr LLP, Philadelphia, PA, attorneys for appellees.

    Case Number: D68358

    Judgment reversed and remanded where parties concurred that if provision of alleged breaching party's operating agreement applied to the parties' sales agreement, it would render that agreement void and incapable of ratification by the parties' conduct.

  • Flood v. Synutra Int'l, Inc.

    Publication Date: 2018-10-24
    Practice Area: Corporate Governance | Mergers and Acquisitions | Securities Litigation
    Industry: Food and Beverage
    Court: Delaware Supreme Court
    Judge: Justice Strine
    Attorneys: For plaintiff: Ryan M. Ernst, Daniel P. Murray,O'Kelly Ernst & Joyce, LLC, Wilmington, DE; Donald J. Enright, Eliza-beth K. Tripodi, Levi & Korsinsky, LLP, Washington, D.C., attorneys for plaintiff
    for defendant: Matthew E. Fischer, Matthew R. Dreyfuss, Potter Anderson & Corroon LLP, Wilmington, DE; Roger A. Cooper, Rishi N. Zutshi, Vanessa C. Richardson, Hana Choi, Cleary Gottlieb Steen & Hamilton LLP, New York, NY, attorneys for defendants Synutra, Jinrong Chen, Lei Lin and Yalin Wu; William M. Laf-ferty, John P. DiTomo, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Lawrence Portnoy, Re-becca L. Martin, Davis Polk & Wardwell LLP, New York, NY, for defendants Liang Zhang, Xiuqing Meng and Beams Power Investment Ltd.

    Case Number: D68329

    The business judgment rule applied, even though a controller's initial offer did not contain the required condi-tions, because he provided a second letter containing those conditions prior to any action by the special com-mittee.