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October 11, 2022 | Delaware Law Weekly

Bayard Director Speaks at Strafford Webinar About Business Bankruptcy Issues

Bayard director Evan T. Miller spoke on a live Strafford video webinar CLE on Oct. 4 titled, "Partnership and LLC Bankruptcies: Unique Legal Issues and Recent Case Law Development."
2 minute read
August 30, 2022 | Delaware Law Weekly

Bayard Director Speaks on American Bankruptcy Institute Panel About Cryptocurrency

On Aug. 24, Bayard director Evan T. Miller spoke at an American Bankruptcy Institute ABILive panel titled "Dealing with Digital Assets," sponsored by ABI's Secured Credit Committee.
1 minute read
Paul Capital Advisors, LLC v. Stahl
Publication Date: 2022-08-30
Practice Area: Trusts and Estates
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: David E. Ross, Eric D. Selden, A. Gage Whirley, Ross Aronstam & Moritz, LLP, Wilmington, DE; John F. Hartmann, P.C., Ravi Subramanian Shankar, Kirkland & Ellis LLP, Chicago, IL for plaintiffs.
For defendant: Stephen C. Norman, Ellis H. Huff, Potter Anderson & Corroon LLP, Wilmington, DE; Norman M. Powell, Emily V. Burton, Lauren Dunkle Fortunato, Michael E. Neminski, Nehama L. Hanoch, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Brett M. McCartney, Elizabeth A. Powers, Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Michael K. Hurst, Sara H. Chelette, Lynn Pinker Hurst & Schwegmann, Dallas, TX for defendants.
Case number: D69936

Sophisticated transactional arrangement did not list plaintiffs as beneficiaries or holders of beneficial interest in certain exchange trusts, therefore causing plaintiffs to lack standing to seek removal of the trust advisor of the exchange trusts.

July 05, 2022 | The American Lawyer

More Than 2,650 Women Partners From 190 Firms Issue Call to Action Post-'Dobbs'

"Our presence and leadership within the bar is without question a byproduct of the freedom each of us has had to make reproductive decisions for ourselves," the thousands of signatories from about 190 firms wrote.
94 minute read
W.D.C. Holdings, LLC v. IPI Partners, LLC
Publication Date: 2022-07-05
Practice Area: Corporate Entities
Industry: E-Commerce | Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Stephen B. Brauerman, Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Christopher O. Murray, Julian R. Ellis, Jr., Brownstein Hyatt Farber Schreck, LLP, Denver, CO for plaintiffs.
For defendant: Matthew F. Davis, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; Charles F. Connolly, Akin Gump Strauss Hauer & Feld, Washington, DC; Stephen M. Baldini, Stephanie Lindemuth, Akin Gump Strauss Hauer & Feld, New York, NY for defendants.
Case number: D69872

Partner who was removed from joint venture plausibly alleged that co-venturer improperly asserted cause to exercise its removal rights, thereby constituting a non-exculpated breach of the joint venture agreement.

June 16, 2022 | New Jersey Law Journal

On the Move & After Hours: Sills Cummis; Stark & Stark; Scarinci Hollenbeck; Bressler Amery; Saiber

Frederic Tudor Returns to Sills Cummis Sills Cummis & Gross in Newark welcomed back attorney Frederic M. Tudor. Tudor rejoined as a partner in…
6 minute read
May 31, 2022 | Delaware Law Weekly

Bayard Bankruptcy Director Elected Fellow of the American Bar Foundation

Bayard has announced that Evan T. Miller, director in the firm's bankruptcy group in the Wilmington office, has been elected a fellow of the American Bar Foundation (ABF).
2 minute read
May 17, 2022 | Delaware Law Weekly

Bayard Restructuring Director Moderates Panel on Hospitality Legal Issues

On April 26, Bayard director Evan T. Miller moderated a webinar panel discussion titled "Essential Concepts in Hospitality Industry Legal Issues."
2 minute read
Coster v. UIP Co., Inc.
Publication Date: 2022-05-17
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys:
For plaintiff: Max B. Walton, Kyle Evans Gay, Connolly Gallagher LLP, Newark, DE; Michael K. Ross, Thomas Shakow, Serine Consolino, Aegis Law Group LLP, Washington, DC for plaintiff.
For defendant: Stephen B. Brauerman, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Deborah B. Baum, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC; Neal C. Belgam, Kelly A. Green, Jason Z. Miller, Smith Katzenstein & Jenkins LLP, Wilmington, DE for defendants.
Case number: D69814

Board was substantially justified in approving stock sale that diluted equal stockholder's interest, where it mooted that stockholder's legal action that posed a risk of triggering termination of the company's key contracts.

In The Matter of the Rehab. of Scottish RE (U.S.), Inc., LLC
Publication Date: 2022-05-03
Practice Area: Insurance Litigation
Industry: Insurance | State and Local Government
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Peter B. Ladig, GianClaudio Finizio, Bayard, P.A., Wilmington, DE; Diane J. Bartels, Wilmington, DE; James J. Black, III, Jeffrey B. Miceli, Mark W. Drasnin, Black & Gerngross, P.C., Philadelphia, PA; Michael Busenkell, Gellert Scali Busenkell & Brown, LLC, Wilmington, DE for Scottish RE (U.S.), Inc.
For defendant: Marisa R. DeFeo, Randall S. MacTough, Saul Ewing Arnstein & Lehr LLP, Wilmington, DE; Christopher Viceconte, Gibbons P.C., Wilmington, DE; Daniel Hargraves, Freeborn & Peters LLP, New York, NY; Randall S. MacTough, Zarwin Baum Devito Kaplan Schaer Toddy, PC, Wilmington, DE; Joseph B. Cicero, Gregory Stuhlman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; R. Stephen McNeill, D. Ryan Slaugh, Potter Anderson & Corroon LLP, Wilmington, DE; Willaim P. Bowden, Catherine A. Gaul, Ricardo Palacio, Ashby & Geddes, Wilmington, DE; John C. Phillips, Jr., Paul S. Seward, Phillips, Goldman, Mclaughlin & Hall, P.A., Wilmington, DE; Joseph C. Schoell, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; Kathleen M. Miller, Smith, Katzenstein & Jenkins, LLP, Wilmington, DE; David A. Felice, Bailey & Glasser, LLP, Wilmington, DE; John G. Harris, Peter C. McGivney, Berger Harris LLP, Wilmington, DE, Garrett B. Moritz, Elizabeth M. Taylor, Ross Aronstam & Moritz LLP, Wilmington, DE; Matthew A. Clemente, R. Bradley Drake, John Grothaus, Sidley Austin LLP, Chicago, IL; Joelle E. Polesky, Stradley Ronon Stevens & Young, Wilmington, DE, Travis S. Hunter, Renee M. Mosley, Richards, Layton & Finger, P.A., Wilmington, DE; Jarret P. Hitchings, Duane Morris LLP, Wilmington, DE; Joseph Larkin, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Barry M. Klayman, Simon Fraser, Cozen O’Connor, Wilmington, DE; Kevin J. Mangan, Nicholas T. Verna, Womble Bond Dickerson (US) LLP, Wilmington, DE; Jody Barillare, Morgan Lewis & Bockius LLP, Wilmington, DE; Peter H. Kyle, John L. Reed, DLA Piper LLP (US), Wilmington, DE, for shareholders and third-parties.
Case number: D69799

In this case of first impression, the court found that the liquidation standard did not operate as a per se requirement for plan approval.

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