• AG Oncon, LLC v. Ligand Pharm. Inc.

    Publication Date: 2019-06-05
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Elena C. Norman and Daniel M. Kirshenbaum, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Keith N. Sambur, Martin G. Durkin, and Andrew T. Gillespie, Holland & Knight, LLP, New York, NY for plaintiffs
    for defendant: David E. Ross, Jr. and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Blair Connelly and Zachary L. Rowen, Latham & Watkins LLP, New York, NY for defendant.

    Case Number: D68582

    Convertible note issuer could amend indenture's conversion formula where indenture expressly authorized issuer to conform to the terms of the offering memorandum.

  • Li v. loanDepot.com, LLC

    Publication Date: 2019-05-08
    Practice Area: Contractual Disputes
    Industry: Financial Services and Banking
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Brett M. McCartney and Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Shawn M. Kennedy, Modera Legal, Irvine, CA for plaintiff.
    for defendant: Eric Lopez Schnabel, Alessandra Glorioso, John Baker and Bryan M. McGarry, Dorsey & Whitney LLP, Wilmington, DE and Costa Mesa, CA for defendant.

    Case Number: D68555

    A limited liability company agreement contained a forum selection clause naming the courts of another state, so the court granted defendant's motion to dismiss this Delaware proceeding.

  • In re Pilgrim's Pride Corp. Derivative Litig.

    Publication Date: 2019-03-27
    Practice Area: Corporate Governance
    Industry: Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kurt M. Heyman and Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Ja-son M. Leviton and Joel A. Fleming, Block & Leviton LLP, Boston, MA; Mark Lebovitch, Edware G. Timlin and David MacIsaac, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, Michael A. Barlow and Andrew J. Peach, Abrams & Bayliss LLP, Wilmington, DE; Mi-chael B. Carlinsky and Adam M. Abensohn, Quinn Emanuel Urquhart & Sullivan LLP, New York, NY for defendants. Kevin R. Shannon, Christopher N. Kelly and Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for nominal defendant Pilgrim's Pride Corp.

    Case Number: D68506

    Based on the company's bylaws, the court had personal jurisdiction over the parties to this dispute.

  • Terramar Retail Centers, LLC v. Marion #2-Seaport Trust U/A/D June 21, 2002

    Publication Date: 2018-12-26
    Practice Area: Discovery
    Industry: Financial Services and Banking | Retail
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kenneth J. Nachbar, Lauren Neal Bennett and Coleen W. Hill, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for plaintiff
    for defendant: Thad J. Bracegirdle of Wilks, Lukoff & Bracegirdle, LLC; Ben D. Whitwell and Melissa C. McLaughlin, Venable LLP, Los Angeles, CA for defendant.

    Case Number: D68401

    Defendant's refusal to timely comply with document production was not justified.

  • 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.

  • 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.

  • 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.

  • 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.

  • Penton Bus. Media Holdings, Inc. v. Informa PLC

    Publication Date: 2018-07-25
    Practice Area: Mergers and Acquisitions
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: William M. Lafferty, John P. DiTomo, Coleen Hill, Craig S. Primis, Erin C. Johnston and Matthew S. Brooker for plaintiff
    for defendant: Kevin R. Shannon, Christopher N. Kelly, Jaclyn C. Levy, Anthony M. Candido, Robert C. Myers and Benjamin A. Berringer for defendants.

    Case Number: D68227

    A merger agreement contained specific provisions regarding an expert's role in the dispute resolution process, which precluded consideration of extrinsic evidence.