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August 24, 2021 | Delaware Law Weekly

Attorneys Note Shift in Corporate Law Culture As More Women Than Ever Guide Court of Chancery

Chancellor Kathaleen McCormick and Vice Chancellors Lori Will and Morgan Zurn are three of just five women to ever have sat on the powerful Court of Chancery.
4 minute read
Cousins v. Goodier
Publication Date: 2021-08-18
Practice Area: Personal Injury
Industry: Legal Services
Court: Delaware Superior Court
Judge: Judge Karsnitz
Attorneys:
For plaintiff: Stephen J. Neuberger, Thomas S. Neuberger, The Neuberger Firm, P.A., Wilmington, DE for plaintiff.
For defendant: Rodney A. Smolla, Wilmington, DE; Douglas D. Herrmann, Troutman Pepper Hamilton Saunders LLP, Wilmington, DE for defendant.
Case number: D69504

Allegedly defamatory statements constituted nonactionable opinion where the statements constituted subjective opinion and hyperbole, and the maker of the statement disclosed nondefamatory facts underlying the opinion that would allow recipients of the statement to evaluate the validity of the opinion for themselves.

Feldman v. AS Roma SPV GP
Publication Date: 2021-08-04
Practice Area: Corporate Governance
Industry: Entertainment and Leisure | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys:
For plaintiff: Peter B. Ladig, Brett M. McCartney, Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Rishi Bhandari, Mandel Bhandari LLP, New York, NY for plaintiffs.
For defendant: John L. Reed, Ronald N. Brown, III, Peter H. Kyle, DLA Piper LLP (US), Wilmington, DE for defendants.
Case number: D69487

Minority shareholders in LLC failed to state a claim for inadequate disclosures where LLC control group was not obligated to provide, as part of a capital call for the LLC, a prediction of the likelihood of a sale of the company by a certain date.

July 28, 2021 | Connecticut Law Tribune

Deal Watch: Zoom Makes $14.7B Acquisition; Other Big Deals on Radar Include 2 in Connecticut

Zoom's buy of Five9 was by far the largest deal of the week, but certainly not the only big-ticket item to hit the market.
11 minute read
Optimis Corp v. Atkins
Publication Date: 2021-07-28
Practice Area: Corporate Governance
Industry: Health Care
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Theodore A. Kittila, James G. McMillan, III, William E. Green, Halloran Farkas + Kittila LLP, Wilmington, DE for plaintiff.
For defendant: Stephen B. Brauerman, Sarah T. Andrade, Bayard, P.A., Wilmington, DE for defendants.
Case number: D69483

A company adequately alleged claims for unjust enrichment and breach of fiduciary duty against former di-rectors who obtained a derivative award in favor of the company, but then failed to turn over the funds.

Coster v. UIP Co., Inc.
Publication Date: 2021-07-21
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys:
For plaintiff: Max B. Walton, Kyle Evans Gay, Connolly Gallagher LLP, Wilmington, DE; Michael K. Ross, Thomas Shakow, Serine Consolino, Sean Roberts, 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 for defendants.
Case number: D69471

Chancery court erred in ruling that stock sale to break shareholder deadlock and avoid shareholder's action for appointment of a custodian for the company was permissible if the stock was sold at a fair price, as the company and its board and other shareholder were obligated to demonstrate a compelling justification for conducting the sale.

Largo Legacy Group, LLC v. Charles
Publication Date: 2021-07-21
Practice Area: Business Torts
Industry: Hospitality and Lodging | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Steven T. Margolin, Lisa Zwally Brown, Samuel L. Moultrie, Greenberg Traurig, LLP, Wilmington, DE for plaintiff.
For defendant: Jason Jowers, Bayard, P.A., Wilmington, DE for defendants.
Case number: D69474

Plaintiff stated claims for breach of an operating agreement, aiding and abetting, and breach of fiduciary duty, but the court rejected his fraud claims.

July 19, 2021 | The American Lawyer

Deal Watch: Zoom Makes $14.7B Acquisition, 8 More Billion-Dollar Deals

Zoom's buy of Five9 was by far the largest deal of the week, but certainly not the only big-ticket item to hit the market.
11 minute read
July 19, 2021 | Daily Business Review

Billion-Dollar Deal Watch: Zoom Makes $14.7B Acquisition, Plus 8 More Mega Deals

Zoom's buy of Five9 was by far the largest deal of the week, but certainly not the only big-ticket item to hit the market.
11 minute read
CLP Toxicology, Inc. v. Casla Bio Holdings LLC
Publication Date: 2021-07-07
Practice Area: Mergers and Acquisitions
Industry: Health Care | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Wallace
Attorneys:
For plaintiff: Christopher Viceconte, Gibbons P.C., Wilmington, DE; Anthony J. Rospert, Thomas M. Ritzert, Thompson Hine LLP, Cleveland, OH; Heather M. Hawkins, Thompson Hine LLP, Cincinnati, OH for plaintiff.
For defendant: Peter B. Ladig, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE; Jordan D. Weiss, Allison R. Klein, Goodwin Procter LLP, New York, NY for defendant.
Case number: D69454

Breach of earnout payment contractual provision counterclaim was dismissed where contract required arbitration of disputes over calculation and payment, which claims of diversion of funds to avoid triggering payment obligations fell under.

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