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Lebanon County Employees' Ret. Fund v. Collis
Publication Date: 2023-04-04
Practice Area: Corporate Governance
Industry: Distribution and Wholesale | Investments and Investment Advisory | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Samuel L. Closic, Eric J. Juray, Robert B. Lackey, Prickett, Jones & Elliott, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Lee D. Rudy, Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Jeroen van Kwawegen, Eric J. Riedel, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Frank R. Schirripa, Daniel B. Rehns, Kurt Hunciker, Hillary Nappi, Hach Rose Schirripa & Cheverie LLP, New York, NY; Gregory Mark Nespole, Daniel Tepper, Levi & Korsinsky, LLP, New York, NY; Brian J. Robbins, Craig W. Smith, Robbins LLP, San Diego, CA for plaintiffs.
For defendant: Stephen C. Norman, Jennifer C. Wasson, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Michael S. Doluisio, Carla Graff, Dechert LLP, Philadelphia, PA; Matthew L. Larrabee, Hayoung Park, Dechert LLP, New York, New York; Michael D. Blanchard, Amelia Pennington, Morgan, Lewis & Bockius LLP, Boston, MA for defendants.
Case number: 2021-1118-JTL

Court denied relief from dismissal of action, after a state court found defendant directors and officers had not violated the law, where newly-filed DOJ complaint against the company remained unsubstantiated and did not contain allegations against defendants specifically.

March 22, 2023 | New York Law Journal

Arnold & Porter Adds Corporate & Finance Partner; Meltzer, Lippe Grow Its Trusts & Estates Group

And other announcements of recent hirings and promotions of New York attorneys.
5 minute read
March 13, 2023 | New York Law Journal

Settling Class Action, AllianzGI Agrees to Pay $145 Million to Harmed Investors

New York Supreme Court Justice Andrew Borrok approved the $145 million settlement.
2 minute read
February 21, 2023 | Delaware Business Court Insider

Tesla Shareholder: Musk's $56B Pay Couldn't Be Approved Without More Disclosures

Bernstein Litowitz Berger & Grossman partner Gregory Varallo told Chancellor Kathaleen McCormick the plan should be invalidated entirely, at a minimum taking back three tranches of the plan awarded based on Tesla's performance under Musk's leadership.
3 minute read
February 21, 2023 | Delaware Law Weekly

Musk's $56B Pay Couldn't Be Approved Without More Disclosures, Tesla Shareholders Say in New Suit

Bernstein Litowitz Berger & Grossman partner Gregory Varallo told Chancellor Kathaleen McCormick the plan should be invalidated entirely, at a minimum taking back three tranches of the plan awarded based on Tesla's performance under Musk's leadership.
3 minute read
Camelot Event Driven Fund v. Morgan Stanley & Co. LLC
Publication Date: 2023-02-16
Practice Area: Securities Litigation
Industry:
Court: Supreme Court, New York
Judge: Justice Andrew Borrok
Attorneys:
For plaintiff: Plaintiffs By: Bernstein Litowitz Berger & Grossmann LLP, New York, NY., Glancy Prongay & Murray LLP, New York, NY.
For defendant: Defendants By: Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY. Simpson Thacher & Bartlett LLP, New York, NY. Cadwalader, Wickersham & Taft LLP, New York, NY. Latham & Watkins LLP, New York, NY. Willkie Farr & Gallagher LLP, New York, NY. Sidley Austin LLP, New York, NY. Page Mill Rd, Bldg 1, Palo Alto, CA. Shearman & Sterling LLP, Lexington Ave, New York, NY. 9th St NW, Washington, DC.
Case number: 654959/2021

Viacom Has No Duty to Perform Due Diligence on Their Underwriters' Proposed Conflicts

February 13, 2023 | Delaware Law Weekly

Bernstein Litowitz Promotes 2 to Senior Counsel, 1 in Del. Office

Bernstein Litowitz Berger & Grossmann announced Andrew Blumberg, of the firm's Wilmington office, and Thomas James, of the firm's New York office, have been promoted to senior counsel, effective Jan. 1.
1 minute read
February 08, 2023 | New Jersey Law Journal

Madison Square Garden Backs Off Policy Excluding Adverse Attorneys

Sam Davis of Davis Saperstein said MSGE didn't personally inform him of the change to their policy and he learned from a reporter. "The courtesy would have been nice," Davis remarked.
4 minute read
February 07, 2023 | New York Law Journal

Madison Square Garden Backs Off Policy Excluding Adverse Attorneys

The change in policy affects those who work for firms involved in lawsuits against Tao Group Hospitality, an umbrella company for various restaurants and nightclubs—and comes as MSGE considers selling its majority ownership in the group.
4 minute read
Lebanon County Employees' Ret. Fund v. Collis
Publication Date: 2023-01-03
Practice Area: Corporate Entities
Industry: Distribution and Wholesale | Investments and Investment Advisory | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Samuel L. Closic, Eric J. Juray, Robert B. Lackey, Prickett, Jones & Elliott, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Lee D. Rudy, Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Jeroen van Kwawegen, Eric J. Riedel, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Frank R. Schirripa, Daniel B. Rehns, Kurt Hunciker, Hillary Nappi, Hach Rose Schirripa & Cheverie LLP, New York, NY; Gregory Mark Nespole, Daniel Tepper, Levi & Korsinsky, LLP, New York, NY; Brian J. Robbins, Craig W. Smith, Robbins LLP, San Diego, CA for plaintiffs.
For defendant: Stephen C. Norman, Jennifer C. Wasson, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Michael S. Doluisio, Carla Graff, Dechert LLP, Philadelphia, PA; Matthew L. Larrabee, Hayoung Park, Dechert LLP, New York, NY; Michael D. Blanchard, Amelia Pennington, Morgan, Lewis & Bockius LLP, Boston, MA for defendants.
Case number: 2021-1118-JTL

The court granted a motion to dismiss breach of duty claims stockholder plaintiffs brought against pharmaceutical distributor defendant.

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