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In re Mindbody, Inc., Stockholder Litig.
Publication Date: 2023-11-27
Practice Area: Mergers and Acquisitions
Industry: E-Commerce | Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Chancellor McCormick
Attorneys:
For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Gregory V. Varallo, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Jeroen van Kwawegen, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
For defendant: Lisa A. Schmidt, Robert L. Burns, Matthew D. Perri, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Matthew Solum, P.C., John Del Monaco, Jeffrey R. Goldfine, Jacob M. Rae, Kirkland & Ellis LLP, New York, NY for defendants.
Case number: 2019-0442-KSJM

Stockholders in fiduciary class action who also petitioned for appraisal were entitled to elect between continuing with appraisal or taking the class remedy, even though the law required the corporation's approval for withdrawal of the petition for appraisal.

November 15, 2023 | Delaware Business Court Insider

Court of Chancery Clarifies the Scope of Disclosure Liability in Novel Contexts

In two recent opinions, the Delaware Court of Chancery addressed the scope of disclosure liability in two novel contexts.
6 minute read
Cargill, Inc. v. Rossi
Publication Date: 2023-10-30
Practice Area: Labor Law
Industry: Distribution and Wholesale | Food and Beverage
Court: Delaware Superior Court
Judge: Judge Rennie
Attorneys:
For plaintiff: Richard P. Rollo, Travis S. Hunter, Jordan L. Cramer, Richards, Layton & Finger, P.A, Wilmington, DE for plaintiff.
For defendant: John A. Sensing, Hannah L. Paxton, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
Case number: N23C-03-047 SKR CCLD

Court lacked personal jurisdiction over former employee in non-compete breach action where forum selection clause was expressly limited to jurisdiction in the chancery court, rather than any state or federal court sitting in and for Delaware.

October 26, 2023 | Delaware Business Court Insider

Diagnostics Company Seeks Reimbursement of Allegedly Fraudulently Concealed Settlement

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
October 25, 2023 | The American Lawyer

Kirkland & Ellis, Jackson Walker Continue Debtor-Side Dominance in Strong Q3 for Big Bankruptcy

Big Law bankruptcy practices are closing in on their best year since 2020.
3 minute read
Law Journal Press | Digital Book Pennsylvania Tax Handbook 2024 Authors: Stewart M. Weintraub, Jennifer W. Karpchuk, Chamberlain Hrdlicka View this Book

View more book results for the query "Richards, Layton "

October 24, 2023 | Delaware Law Weekly

Potter Anderson Adds Bankruptcy Counsel

Potter Anderson & Corroon has announced the growth of its bankruptcy practice with the addition of Brett M. Haywood as counsel.
1 minute read
CVR Refining LP v. XL Specialty Ins. Co.
Publication Date: 2023-10-23
Practice Area: Insurance Law
Industry: Energy | Insurance
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys:
For plaintiff: Travis S. Hunter, Alexandra M. Ewing, Srinivas M. Raju, Richards, Layton & Finger, P.A., Wilmington, DE; David P. Bender, Jr., Joseph G. Balice, Haynes and Boone LLP, Costa Mesa, CA; Benjamin L. Mesches, Haynes and Boone, LLP, Dallas, TX; Brian Singleterry, Haynes and Boone, LLP, Fort Worth, TX; Stephen E. Jenkins, Richard D. Heins, Ashby & Geddes, Wilmington, DE; Herber Beigel, Law Offices of Herbert Beigel, Tuscon, AZ for plaintiffs.
For defendant: Robert J. Katzenstein, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Leland H. Jones, Chiara Tondi Resta, Wiley Rein LLP, Washington, DC; John C. Phillips, Jr., David Bilson, Phillips McLaughlin & Hall, P.A., Wilmington, DE; Michael P. Duffy, Scarlett M. Rajbanshi, Boston, MA; Erica J. Kerstein, Robinson & Cole LLP, New York, NY; Geoffrey W. Heineman, Ropers Majeski, P.C., New York, NY; Marc S. Casarino, Kennedys CMK LLP, Wilmington, DE; Sean P. Mahoney, Michael E. DiFebbo, Kennedys CMK LLP, Philadelphia, PA for defendants.
Case number: N21C-01-260 EMD CCLD

Court denied entry of partial judgment on issue that the court entered summary judgment for plaintiffs, where plaintiffs would not be unduly prejudiced by the delay in being able to appeal and where partial judgment could lead to piecemeal litigation and appeals as the resolved issue was not a predicate issue for the rest of the case.

October 20, 2023 | Pro Mid Market

Midsize Moves: Bressler Nabs Armstrong Teasdale Partner, Adams and Reese Hires GrayRobinson Shareholder

Bressler, Amery & Ross hired litigation attorney James E. Tyrrell Jr. as a principal in its New Jersey office; Adams and Reese announced that labor and employment partner Benjamin W. Bard has joined the firm's Tampa, Florida, office.
2 minute read
In re ProAssurance Corp. Stockholder Derivative Litig.
Publication Date: 2023-10-16
Practice Area: Corporate Governance
Industry: Insurance
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys:
For plaintiff: Thomas A. Uebler, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Melinda A. Nicholson, Nicolas Kravitz, Kahn Swick & Foti, LLC, New Orleans, LA; Benjamin I. Sachs-Michaels, Glancy Prongay & Murray LLP, New York, NY; Robert V. Prongay, Pavithra Rajesh, Glancy Prongay & Murray LLP, Los Angeles, CA for plaintiffs.
For defendant: Raymond J. DiCamillo, Kevin M. Gallagher, Nicholas F. Mastria, Richards, Layton & Finger, P.A., Wilmington, DE; Jonathan Youngwood, Janet A. Gochman, Jacob Lundqvist, Simpson Thacher & Bartlett LLP, New York, NY for defendants.
Case number: 2022-0034-LWW

Court dismissed shareholders' derivative complaint for failure to plead demand futility where plaintiffs' fiduciary claims against the company's directors and officers failed to set forth a prima facie case of personal liability such that the board could not independently consider a litigation demand.

ITG Brands, LLC v. Reynolds Am., Inc.
Publication Date: 2023-10-16
Practice Area: Mergers and Acquisitions
Industry: Consumer Products | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys:
For plaintiff: Stephen C. Norman, Matthew F. Davis, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Elizabeth B. McCallum, Gilbert S. Keteltas, Carey S. Busen, Evan M. Mannering, Baker & Hostetler, LLP, Washington, D.C.; Jim W. Phillips, Jr., Kimberly M. Marston, Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, Greensboro, NC; Charles E. Coble, Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, Raleigh, NC for plaintiff.
For defendant: Gregory P. Williams, Rudolf Koch, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Noel J. Francisco, C. Kevin Marshall, William D. Coglianese; Jones Day, Washington, D.C.; Stephanie E. Parker, Katrina L.S. Caseldine, Jones Day, Atlanta, GA; David B. Alden, Kevin P. Riddles; Jones Day, Cleveland, OH; Elli Leibenstein, Greenberg Traurig, LLP, Chicago, IL; Stephen L. Saxl, Greenberg Traurig, LLP, New York, NY; Andrea Shwayri Ferraro, Greenberg Traurig, P.A., West Palm Beach, FL for defendants.
Case number: 2017-0129-LWW

Although seller was entitled to recover compensation for settlement payments it made based on post-closing sales of various acquired brands, trial was necessary to determine acquirers' entitlement to offsets and the availability of specific performance for future settlement payments.

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