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May 22, 2024 | Delaware Business Court Insider

Delaware Supreme Court Affirms AMC Shareholder Settlement Over Stock Split

Counsel for AMC said court interference might hinder the possibility of the Chancery court ever again certifying a shareholder class that didn't vote unanimously on an issue.
3 minute read
May 08, 2024 | Delaware Business Court Insider

Argument Among Shareholders Rolls on With Appeal of AMC Settlement

It's a unique situation for Delaware's high court, with attorneys from the plaintiffs' bar and those who represent the corporate side sitting at the same table, united in wanting to uphold a settlement that a subset of the class of AMC shareholders wants to have overturned.
4 minute read
April 17, 2024 | Law.com

Judge Certifies Question to State High Court Over Constitutionality of the Maryland Child Victims Act

"We're optimistic that after consideration of the briefing and oral arguments, the Court will agree that the Maryland General Assembly acted within its constitutional bounds. This will ensure that survivors of childhood sexual abuse can finally seek relief through the courts and hold their abusers fully accountable," said the plaintiff's legal team.
4 minute read
In re Carvana Co. Stockholders Litig.
Publication Date: 2024-04-08
Practice Area: Corporate Entities
Industry: Automotive | E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor McCormick
Attorneys:
For plaintiff: Christine M. Mackintosh, Rebecca A. Musarra, Grant & Eisenhofer, P.A., Wilmington, DE; Kimberly A. Evans, Robert Erikson, Irene R. Lax, Block & Leviton LLP, Wilmington, DE; Jason M. Leviton, Amanda R. Crawford, Block & Leviton LLP, Boston, MA; Ned Weinberger, Mark Richardson, Jiahui (Rose) Wang, Labaton Keller Sucharow LLP, Wilmington, DE; Domenico Minerva, John Vielandi, Labaton Keller Sucharow LLP, New York, NY for plaintiffs.
For defendant: Joseph R. Slights III, Brad D. Sorrels, Shannon E. German, Leah E. León, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; David E. Ross, Adam D. Gold, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Brian M. Lutz, Gibson, Dunn & Crutcher LLP, San Francisco, CA; Colin B. Davis, Katie Beaudin, Gibson, Dunn & Crutcher LLP, Irvine, CA; John L. Reed, Ronald N. Brown, III, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE for defendants.
Case number: 2020-0415-KSJM

Court granted special litigation committee's motion to dismiss derivative action where members were sufficiently independent and disinterested and conducted a seven-month-long investigation that uncovered sufficient evidence to support the decision to move to dismiss.

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March 15, 2024 | Delaware Business Court Insider

Trustee Can Continue $250M Fraud Case Against Clayton, Dubilier & Rice

A motion to dismiss filed by the private equity firm's Debevoise & Plimpton attorneys argued a liquidation trustee for a soap and hair care product distributor didn't have standing to bring fraud claims and hadn't adequately pled them in the complaint.
3 minute read
March 15, 2024 | Litigation Daily

Litigator of the Week Runners-Up and Shout Outs

Visa and Mastercard can't escape the latest round of swipe fee antitrust litigation on summary judgment.
7 minute read
March 13, 2024 | National Law Journal

Grant & Eisenhofer Secures $14M Birth Injury, Wrongful Death Verdict

The jury found the University of Chicago Medical Center liable for birth injuries that led to the death of a boy at the age of 4.
4 minute read
Teamsters Local 443 Health Serv. & Ins. Plan v. Chou
Publication Date: 2023-12-04
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Gregory V. Varallo, Glenn R. McGillivray, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Ned Weinberger, Mark D. Richardson, Labaton Sucharow LLP, Wilmington, DE; Christine M. Mackintosh, Rebecca A. Musarra, Grant & Eisenhofer P.A., Wilmington, DE; Christopher J. Orrico, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Frank Schirripa, Hach Rose Schirripa & Cheverie LLP, New York, NY; Nathaniel L. Orenstein, Steven L. Groopman, Berman Tabacco, Boston, MA for plaintiffs.
For defendant: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; F. Joseph Warin, Jonathan M. Phillips, Courtney M. Brown, Gibson, Dunn & Crutcher LLP, Washington, DC for defendant.
Case number: 2019-0816-SG

Court dismissed derivative complaint where single-member special litigation committee conducted adequate review of the worthiness of the litigation and its conclusions were sufficiently supported by evidence, and there was an insufficient basis to question the single member's independence from other board members potentially facing liability.

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