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August 01, 2023 | Delaware Law Weekly

In Wake of $1 Billion Settlement, Dell Shareholders' Attorneys Awarded $266.7 Million in Fees

Labaton Sucharow and Quinn Emanuel attorneys were co-lead counsel for the class of plaintiffs also represented by Andrews & Springer, Robbins Geller Rudman & Dowd and Friedman Oster & Tejtel.
5 minute read
July 25, 2023 | Delaware Law Weekly

Benesch Adds New Wilmington Partner

Benesch announced that Daniel Brogan has recently joined the firm as a partner in its Wilmington office from Bayard.
1 minute read
July 19, 2023 | Delaware Business Court Insider

$735 Million Settlement Reached in Tesla Shareholder Lawsuit Over Director Compensation

Shareholders alleged that current and former members of the board grossly overpaid themselves between 2017 and 2020.
2 minute read
July 19, 2023 | New York Law Journal

Tesla Board Agrees to $735 Million Settlement in Shareholder Lawsuit Over Director Compensation

Shareholders alleged that current and former members of the board grossly overpaid themselves between 2017 and 2020.
2 minute read
Coster v. UIP Co. Inc.
Publication Date: 2023-07-10
Practice Area: Corporate Governance
Industry: Real Estate
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys:
For plaintiff: Max B. Walton, Kyle Evans Gay, Connolly Gallagher LLP, Newark, DE; Michael K. Ross, Serine Consolino, Aegis Law Group LLP, Washington, DC for appellant.
For defendant: Deborah B. Baum, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC; Stephen B. Brauerman, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE for appellees.
Case number: 163, 2022

Stock issuance that diluted interest of stockholder with one-half interest who had filed a custodian action to break board election deadlock was not inequitable where issuance was reasonably calculated to prevent default under company's key contracts and had the benefit of retaining a key employee, while stockholder was not coerced as she retained a swing vote.

In re: Boy Scouts of Am.
Publication Date: 2023-07-03
Practice Area: Bankruptcy
Industry: Insurance | Non-Profit
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys:
For plaintiff: Theodore J. Boutrous, Jr., Richard J. Doren, Blaine H. Evanson, Gibson, Dunn & Crutcher, LLP, Los Angeles, CA; Dierdre M. Richards, Fineman Krekstein & Harris P.C., Wilmington, DE; Susan Gummow, Foran Glennon Palandech Ponzi & Rudloff P.C.; Michael A. Rosenthal, Mitchell A. Karlan, James Hallowell, Keith R. Martorana, Seth M. Rokofsky, Gibson Dunn & Crutcher LLP, New York, NY; Kathleen M. Miller, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Ronald P. Schiller, Matthew A. Hamermesh, Handley Aronchick Segal Pudlin & Schiller, Philadelphia, PA; Paul Logan, Post & Schell, P.C., Wilmington, DE; John C. Sullivan, Kathleen K. Kerns, Post & Schell, P.C., Philadelphia, PA; George R. Calhoun, Ifrah PLLC, Washington, DC; Michael J. Joyce, Joyce LLC, Wilmington, DE; Kevin Coughlin, Lorraine Armenti, Michael Hrinewski, Coughlin Midlige & Garland, LLP, Morristown, NJ; Britton C. Lewis, John M. Flynn, Carruthers & Roth, P.A., Greensboro, NC; Maria Aprile Sawczuk, Goldstein & McClintock LLP, Wilmington, DE; Laura McNally, Emily Stone, Loeb & Loeb LLP, Chicago, IL; David Christian, David Christian Attorneys LLC, Chicago, IL; Brian A. Sullivan, Werb & Sullivan, Wilmington, DE: John E.W. Baay II, Gieger Loborde & Laperouose, LLC, New Orleans, LA; William H. White, Jr. Kiernan Trebach LLP, Washington, DC; Mary E. Borja, Gary P. Seligman, Ashley L. Criss, Wiley Rein LLP, Washington, DC; Bruce W. McCullough, Bodell Bove, LLC, Wilmington, DE; Bruce D. Celebrezze, Clyde & Co US LLP, San Francisco, CA; Konrad R. Krebs, Clyde & Co US LLP, Morristown, NJ; Lloyd A. Gura, Pamela J. Minetto, Mound Cotton Wollan & Greengrass LLP, New York, NY; R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE; Douglas R. Gooding, Jonathan D. Marshall, Choate, Hall & Stewart LLP, Boston, MA; Kim V. Marrkand, Laura Bange Stephens, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC, Boston, MA; Thaddeus J. Weaver, Dilworth Paxson LLP, Wilmington, DE; William E. McGrath, Jr., Dilworth Paxon LLP, Princeton, NJ; Stephen M. Miller, Carl N. Kunz, III, Sarah M. Ennis, Morris James LLP, Wilmington, DE; Margaret M. Anderson, Ryan T. Schultz, Adam A. Hachikian, Kenneth M. Thomas, Fox Swibel Levin & Carroll LLP, Chicago, IL; Marla S. Benedick, Cozen O’Connor, Wilmington, DE; Louis J. Rizzo, Reger Rizzo & Darnall LLP, Wilmington, DE; David M. Fournier, Marcy J. McLaughlin Smith, Troutman Sanders Hamilton Sanders LLP, Wilmington, DE; Harris B. Winsberg, Matthew G. Roberts, Parker Hudson, Rainer & Dobbs LLP, Atlanta, GA; Margaret H. Warner, Ryan S. Smethurst, Alex M. Spisak, McDermott Will & Emery, Washington, DC; Gilion Dumas, Dumas & Vaughn, Portland, OR; Charles J. Brown, III, Gellert Scali Busenkell & Brown LLC, Wilmington, DE; Delia Lujan Wolff, Lujan & Wolff LLP, Hagatna, GU; Christopher D. Loizides, Loizides, P.A., Wilmington, DE for appellants.
For defendant: Jessica Lauria, Glenn M. Kurtz, White & Case LLP, New York, NY; Michael C. Andolina, Matthew E. Linder, Laura E. Baccash, Blair M. Warner, White & Case LLP, Chicago, IL; Ronald K. Gorsich, White & Case LLP, Los Angeles, CA; Michael Stoner, Hayes & Boone, Dallas, TX; Derek C. Abbott, Andrew R. Remming, Paige N. Topper, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; R. Craig Martin, DLA Piper, LLP (US), Wilmington, DE; Richard G. Mason, Douglas K. Mayer, Joseph C. Celentina, Mitchell S. Levy, Watchell, Lipton, Rosen & Katz, New York, NY; Kami E. Quinn, Rachel H. Jennings, Kyle Y. Dechant, December L. Huddleston, Gilbert LLP, Washington, DC; Robert S. Brady, Edwin J. Harron, Kenneth J. Enos, Ashley E. Jacobs, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Philip D. Anker, Wilmer Cutler Pickering Hale and Door LLP, New York, NY; James P. Ruggeri, Joshua D. Weinberg, Ruggeri Parks Weinberg LLP, Washington, DC; Joel Millar, Wilmer Cutler Pickering Hale and Door LLP, Washington, DC; Erin R. Fay, Gregory J. Flasser, Bayard, P.A., Wilmington, DE: Robert D. Cecil, Tybout, Redfearn & Pell, Wilmington, DE; Mark D. Plevin, Kevin D. Cacabelos, Crowell & Morning LLP, San Francisco, CA; Tacie H. Yoon, Rachel A. Jankowksi, Crowell & Morning LLP, Washington, DC; Matthew G. Summers, Chantelle D. McClamb, Ballard Spahr LLP, Wilmington, DE: Harry Lee, John O’Connor, Steptoe & Johnson, LLP, Washington, DC; Stephen Warren; Stamatios Stamoulis, Stamoulis & Weinblatt LLC, Wilmington, DE; Tancred Schiavoni, O’Melveny & Meyers LLP, New York, NY; Stephen Warren, O’Melveny & Meyers LLP, Los Angeles, CA; Jonathan D. Hacker, O’Melveny & Meyers LLP, Washington, DC for appellees.
Case number: 20-10343-LSS

Plan of reorganization establishing sexual abuse settlement trust affirmed where non-consensual releases of claims against non-debtors, who were affiliates of debtors, fell within "related to" jurisdiction since the non-debtors' viability as going concerns was necessary to the success of debtors' reorganization.

CBV, Inc. v. ChanBond, LLC
Publication Date: 2023-06-20
Practice Area: Patent Litigation
Industry: Financial Services and Banking
Court: U.S. District Court of Delaware
Judge: District Judge Williams
Attorneys:
For plaintiff: Geoffrey Graham Grivner, Kody Macgyver Sparks, Buchanan Ingersoll & Rooney PC, Wilmington, DE for plaintiff.
For defendant: Stephen B. Brauerman, Ronald P. Golden, III, Bayard P.A., Wilmington, DE; James H. S. Levine, Troutman Pepper Hamilton Sanders LLP, Wilmington, DE; David L. Finger, Finger & Slanina LLC, Wilmington, DE; John Legare Williams, Brian C. Crawford, The Williams Law Firm P.A., Wilmington, DE; Akiva M. Cohen, Dylan M. Schmeyer, Kamerman, Uncyk, Soniker & Klein P.C., New York, NY for defendants.
Case number: 21-1456-GBW

Preliminary injunction to enjoin distribution of settlement funds pursuant to the parties' agreement denied where there was no support in the parties' contract for plaintiff's claim of breach and thus plaintiff was unlikely to succeed on the merits.

Optimiscorp v. Atkins
Publication Date: 2023-06-13
Practice Area: Corporate Governance
Industry: Health Care | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Theodore A. Kittila, William E. Green, Jr., Halloran Farkas + Kittila LLP, Wilmington, DE for plaintiff.
For defendant: Stephen B. Brauerman, Sarah T. Andrade, Megan A. McGovern, Bayard, PA, Wilmington, DE for defendant.
Case number: 2020-0183-MTZ

Stockholders who pursued a derivative claim breached fiduciary duties to company by withholding the award in that claim, since derivative plaintiffs served as company agents rather than directors entitled to have their conduct reviewed under gross negligence or business judgment rule standards.

Appellate Division, First Department: April 20, 2023
Publication Date: 2023-04-20
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, First Department, Appeals & Motions
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Appeals & Motions List released on:April 18, 2023

Takadu LTD., v. Innovyze, LLC
Publication Date: 2023-04-04
Practice Area: Patent Litigation
Industry: Software | Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys:
For plaintiff: Stephen B. Brauerman, Ronald P. Golden III, Bayard, P.A., Wilmington, DE; Robert P. Feinland, Jason J. Poulos, Meister Seelig & Fein LLP, New York, NY for plaintiff.
For defendant: Anne S. Gaza, Samantha G. Wilson, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael A. Jacobs, Morrison & Foerster LLP, San Francisco, CA; Kyle Mooney, Kyle D. Friedland, Morrison & Foerster LLP, New York, NY for defendant.
Case number: 21-291-RGA

The court ordered the parties to submit a proposed order consistent with the court's ruling on several disputed claim construction terms at issue in a patent litigation matter.

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