• Smith v. Promontory Fin. Group, LLC

    Publication Date: 2019-05-15
    Practice Area: Corporate Entities
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: David A. Jenkins and Laurence V. Cronin, Smith Katzenstein & Jenkins LLP, Wilmington, DE for plaintiffs.
    for defendant: Bruce E. Jameson and Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Robert M. Cary, Alexander S. Zolan and Robert M. Belden, Williams & Connolly LLP, Washington, DC for defendants.

    Case Number: D68564

    The withdrawing member of a limited liability company was entitled to half the value of the company as of the date of with-drawal, less the amount he owed on his capital account.

  • Otto Candies LLC v. KPMG, LLP

    Publication Date: 2019-05-08
    Practice Area: Business Torts | Civil Procedure
    Industry: Consulting | Transportation
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Terry L. Wit, A. William Urquhart, Juan P. Morillo, Derek L. Shaffer, and Lauren H. Dickie, Quinn Emanual Urquhart & Sullivan, LLP, San Francisco, CA and Washington, DC for plaintiffs.
    for defendant: Kevin R. Shannon, Matthew F. Davis, and Christopher N. Kelly, Potter Anderson & Corroon LLP, Wilmington, DE; Gregory G. Ballard and Jose F. Sanchez, Sidley Austin LLP, New York, NY; Todd Schlitz, Drinker Biddle & Reath LLP, Wilmington, DE; Robert A. Scher and Jonathan H. Friedman, Foley & Lardner LLP, New York, NY; Timothy Jay Houseal, Jennifer M. Kinkus, and William E. Gamgord, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Ana C. Reyes, Williams & Connolly, LLP, Washington, DC for defendants.

    Case Number: D68551

    Actions transferred from superior court to chancery court subject to a fully-briefed and argued motion to dismiss were subject to the chancery court's rule requiring plaintiffs subject to such a motion to either seek leave to amend or stand on their complaint and risk dismissal with prejudice; however, as a matter of first impression the court declined to enforce the rule on plaintiffs.

  • Delaware Business Court Insider

    Derivative Lawsuit Targets Zuckerberg, Facebook Brass Over Privacy Breaches

    May 01, 2019

    The 193-page filing said that Mark Zuckerberg, Sheryl Sandberg, Peter Thiel and three other board members had presided over "one of the worst examples of privacy abuse in the age of social media" and committed "pervasive breaches" of their fiduciary duties in the name of short-term profits.

  • CelestialRX Invs., LLC v. Krivulka

    Publication Date: 2019-04-10
    Practice Area: Corporate Entities | Dispute Resolution
    Industry: Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Michael W. McDermott and David B. Anthony, Berger Harris LLP, Wilmington, DE; Benjamin C. Curcio, Paul F. Campano, Jessica A. Tracy, Michael D. Zahler, and Jason S. Haller Curcio Mirzaian Sirot LLC, Roseland, NJ for plaintiffs.
    for defendant: Garrett B. Moritz and Bejamin Z. Grossberg, Ross Aronstam & Moritz LLP, Wilmington, DE; Andrew E. Anselmi and Zachary D. Wellbrock, McCusker, Anselmi, Rosen & Carvelli, P.C., Florham Park, NJ; Samuel T. Hirzel, II and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Andrew D. Cordo and F. Troupe Mickler IV, Ashby & Geddes, Wilmington, DE; Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Brian A. Herman, Morgan, Lewis & Bockius LLP, New York, NY; Ryan P. Newell and Lauren P. DeLuca, Connolly Gallagher, LLP, Wilmington, DE; Phillip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: D68518

    Claims for breach of restrictive covenants were stayed pending arbitration on the issue of arbitrability given the broad scope of the covenants' arbitration clauses, but dismissed where the court lacked jurisdiction over defendants who did not qualify as a "manager" of the domestic LLC.

  • CIGNEX Datamatics, Inc. v. Lam Research Corp.

    Publication Date: 2019-03-27
    Practice Area: Contracts | Litigation
    Industry: Consulting | Software
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Theodore A. Kittila and James G. McMillan, III, Halloran Farkas + Kittila LLP, Wilmington, DE for plaintiff.
    for defendant: Christopher P. Simon and David G. Holmes, Cross & Simon, LLC, Wilmington, DE for defendants.

    Case Number: D68504

    Plaintiff owed duty to preserve emails of former employees from the point defendant threatened legal action, but defendant failed to show plaintiff acted in bad faith or to deny evidence to defendant in support of an order of sanctions.

  • Cignex Datamatics, Inc. v. Lam Research Corp.

    Publication Date: 2019-03-20
    Practice Area: Contracts
    Industry: Consulting | Software | Technology Media and Telecom
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Christopher P. Simon and David G. Holmes, Cross & Simon, LLC, Wilmington, DE, for plaintiff.
    for defendant: Theodore A. Kittila and James G, McMillan, III, Halloran Farkas + Kittila LLP, Wilmington, DE, for defendant.

    Case Number: D68494

    Defendant's motion for summary judgment on plaintiff's breach of contract claim denied where the contract terms were ambiguous as to the trigger for payment and where the parties appeared to have differing expectations.

  • Delaware Business Court Insider

    Bouchard Tosses Suit Claiming Ex-CEO Pushed Tech Firm's Sale to Fund Retirement

    March 20, 2019

    Chancellor Andre G. Bouchard said Wednesday that there were "no concrete facts" to support claims that Charles K. Narang, the former CEO of Virginia-based NCI Inc., had orchestrated the 2017 sale to a private equity fund as a way to liquidate his holdings in the firm.

  • In re Centaur, LLC

    Publication Date: 2019-01-16
    Practice Area: Bankruptcy | Deals and Transactions
    Industry: Consulting | Entertainment and Leisure
    Court: U.S. Bankruptcy Court
    Judge: Judge Carey
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D68426

    Litigation trustee was entitled to summary judgment in this fraudulent transfer matter, because the debtor was insolvent at the time of the transaction and no exchange or reasonably equivalent value occurred.

  • Parsons v. Connections CSP, Inc.

    Publication Date: 2019-01-09
    Practice Area: Medical Malpractice
    Industry: Health Care | State and Local Government
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D68420

    Inmate who received medical treatment did not state a claim for violation of his civil rights.

  • Luster v. Puracap Lab., LLC

    Publication Date: 2019-01-02
    Practice Area: Contractual Disputes
    Industry: Accounting | Consulting | Pharmaceuticals
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Brian C. Ralston and Jacob R. Kirkham of Potter Anderson & Corroon LLP, Wilmington, DE for plaintiff.
    for defendant: David A. Dorey and Adam V. Orlacchio of Blank Rome LLP, Wilmington, DE for defendant.

    Case Number: D68410

    Plaintiff failed to state a claim for breach of the implied duty of good faith and fair dealing where the contract specifically addressed the matter at issue, and defendant did not act unreasonably in requiring plaintiff to give notice prior to entering defendant's facility.