In Re PLX Tech. Inc. Stockholders Litig., LLC
Publication Date: 2022-05-03Practice Area:Class Actions
Industry:Investments and Investment Advisory |
Technology Media and Telecom
Court: Court of ChanceryJudge: Vice Chancellor LasterAttorneys:For plaintiff: R. Bruce McNew, Cooch and Taylor, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Down, LLP, San Diego, CA; Kent Bronson, Milberg Tadler Phillips Grossman LLP, New York, NY for plaintiffs.For defendant: Kevin G. Abrams, J. Peter Shindel, Jr., Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Richard D. Heins, Ashby & Geddes, Wilmington, DE; Patricia L. Enerio, Melissa N. Donimirski, Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Michael A. Weidinger, Elizabeth Wilburn Joyce, Pinckney, Weidinger, Urban & Joyce, Greenville, DE; Lori Marks-Esterman, Renee M. Zaytsev, Olshan Frome Wolosky LLP, New York, NY for defendants.Case number: D69798
The court approved a modification to a class action settlement and a more efficient distribution method than the traditional notice-and-claim process.
In The Matter of the Rehab. of Scottish RE (U.S.), Inc., LLC
Publication Date: 2022-05-03Practice Area:Insurance Litigation
Industry:Insurance |
State and Local Government
Court: Court of ChanceryJudge: Vice Chancellor LasterAttorneys: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.
Young Conaway Stargatt & Taylor announced that Wilmington-based corporate litigation attorney Lauren Fortunato has been chosen to participate in the Minority Corporate Counsel Association (MCCA) Sources of Success Program.
2 minute read
OI European Group B.V. v. Bolivarian Republic of Venezuela
Publication Date: 2022-03-15Practice Area:Creditors' and Debtors' Rights
Industry:Energy |
Federal Government
Court: U.S. District Court of DelawareJudge: District Judge StarkAttorneys:For plaintiff: Jody C. Barillare, Kelsey A. Bomar, Morgan, Lewis & Bockius LLP, Wilmington, DE; Sabin Willett, Jonathan Albano, Christopher L. Carter, Morgan, Lewis & Bockius LLP, Boston, MA; Edward H. Davis, Jr., Fernando J. Menendez, Cristina Vicens Beard, Sequor Law, P.A., Miami, FL; Garrett B. Moritz, Ross Aronstam & Moritz LLP, Wilmington, DE; Michael S. Kim, Marcus J. Green, Josef M. Klazen, Kobre & Kim LLP, New York, NY; Michael Sherwin, Kobre & Kim LLP, Washington, DC; Laura Davis Jones, Peter J. Keane, Pachulski Stang Ziehl & Jones LLP, Wilmington, DE; Alexander A. Yanos, Rajat Rana, Robert Poole, Alston & Bird, LLP, New York, NY; Marie M. Degnan, Ashby & Geddes, Wilmington, DE; Joshua S. Bolian, Keane A. Barger, Riley Warnock & Jacobson, PLC, Nashville, TN for plaintiffs.For defendant: Marie M. Degnan, Ashby & Geddes, Wilmington, DE; Joshua S. Bolian, Keane A. Barger, Riley Warnock & Jacobson, PLC, Nashville, TN; a. Thompson Bayliss, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; Sergio J. Galvis, Joseph E. Neuhaus, James L. Bromley, Sullivan & Cromwell LLP, New York, NY; Angeles N. Ellis, Sullivan & Cromwell LLP, Washington, DC; Samuel Taylor Hirzel, II, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Joseph D. Pizzurro, Julia B. Mosse, Kevin A. Meehan, Juan 0. Perla, Curtis, Mallet-Provost, Colt & Mosle LLP, New York, NY for defendants.Case number: D69748
Government sanctions that blocked the transfer of shares did not preclude the court from authorizing the eventual issuance of writs of attachment, pending government approval, as mere authorization did not alter sanctioned body's continued ownership of the shares and therefore did not effect a prohibited transfer.
S'holder Representative Serv. LLC v. DC Capital Partners Fund II LP
Publication Date: 2022-03-01Practice Area:Contracts
Industry:Investments and Investment Advisory
Court: Court of ChanceryJudge: Chancellor McCormickAttorneys:For plaintiff: Thomas A. Uebler, Joseph L. Christensen, Kathleen A. Murphy, Mccollom D’Emilio Smith Uebler LLC, Wilmington, DE for plaintiff.For defendant: Philip Trainer, Jr., Marie M. Degnan, Ashby & Geddes, Wilmington, DE for defendants.Case number: D69728
The court held that it had subject matter jurisdiction because the subject agreement was an instrument for the sale of stock, because it did not have discretion to decline jurisdiction, and because common law favored giving deference to plaintiff's choice of forum.
The team at Proskauer Rose representing the Financial Oversight and Management Board for Puerto Rico reached a major milestone in the restructuring case they've been handling for more than four years.
6 minute read
State ex rel. Jennings v. BP Am. Inc.
Publication Date: 2022-01-18Practice Area:Energy and Natural Resources
Industry:Energy |
State and Local Government
Court: U.S. District Court of DelawareJudge: District Judge StarkAttorneys:For plaintiff: Christian Douglas Wright, Jameson A.L. Tweedie, Ralph K. Durstein III, Delaware Department Of Justice, Wilmington, DE; Victor M. Sher and Matthew K. Edling, Sher Edling LLP, San Francisco, CA for plaintiff.For defendant: David E. Wilks, R. Stokes Nolte, Wilks Law, LLC, Wilmington, DE; Theodore J. Boutrous, Jr. William E. Thomson, Gibson, Dunn & Crutcher LLP, Los Angeles, CA; Andrea E. Neuman, Gibson, Dunn & Crutcher LLP, New York, NY; Thomas G. Hungar, Gibson, Dunn & Crutcher LLP, Washington, DC; Joshua D. Dick, Gibson, Dunn & Crutcher LLP, San Francisco, CA; Steven L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE; David C. Frederick, Grace W. Knofczynski, Daniel S. Severson, Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., Washington, DC; Catherine A. Gaul, Ashby & Geddes, Wilmington, DE; Nancy G. Milburn, Diana E. Reiter, Arnold & Porter Kaye Scholer LLP, New York, NY; Jonathan W. Hughes, Arnold & Porter Kaye Scholer LLP, San Francisco, CA Matthew T. Heartney, John D. Lombardo, Arnold & Porter Kaye Scholer LLP, Los Angeles, CA; Kenneth J. Nachbar, Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Nathan P. Eimer, Pamela R. Hanebutt, Lisa S. Meyer, Eimer Stahl LLP, Chicago, IL; Robert E. Dunn, Eimer Stahl LLP, San Jose, CA; Jeffrey L. Moyer, Christine D. Haynes, Richards, Layton & Finger, P.A., Wilmington, DE; Kevin Orsini, Vanessa A. Lavely, Cravath, Swaine & Moore LLP, New York, NY; Colleen D. Shields, Patrick M. Brannigan, Eckert Seamans Cherin & Mellott, LLC, Wilmington, DE; Tristan L. Duncan, Daniel B. Rogers, and William F. Northrip, Shook, Hardy & Bacon L.L.P.; Antoinette D. Hubbard, Stephanie A. Fox, Maron Marvel Bradley Anderson & Tardy LLC, Wilmington, DE; Shannon S. Broome, Ann Marie Mortimer, Hunton Andrews Kurth LLP, San Francisco, CA; Shawn Patrick Regan, Hunton Andrews Kurth LLP, New York, NY; Kevin J. Mangan, Kristen H. Cramer, Nicholas T. Verna, Womble Bond Dickinson (US) LLP, Wilmington, DE; Andrew G. McBride, McGuire Woods LLP, Washington, DC; Christian J. Singewald, White And Williams LLP, Wilmington, DE; Joy C. Fuhr, Brian D. Schmalzbach, W. Cole Geddy, McGuire Woods LLP, Richmond, VA; Mackenzie M. Wrobel, Duane Morrjs LLP, Wilmington, DE; Michael F. Healy, SHOOK HARDY & BACON LLP, San Francisco, CA Michael L. Fox, DUANE MORRJS LLP, San Francisco, CA; Paul D. Brown, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Kathleen Taylor Sooy, Tracy A. Roman, Crowell & Moring LLP, Washington, DC; Honor R. Costello, Crowell & Moring LLP, New York, NY; Michael P. Kelly, Daniel J. Brown, Alexandra M. Joyce, McCarter & English LLP, Wilmington, DE; Steven M. Bauer, Margaret A. Tough, Latham & Watkins LLP, San Francisco, CA; Jameson R. Jones, Daniel R. Brody, Bartlit Beck LLP, Denver, CO; Daniel A. Mason, Matthew D. Stachel, Paul, Weiss, Rifkind, Wharton & GarrIson LLP, Wilmington, DE; Yahonnes Cleary, Caitlin E. Grusauskas, Paul, Weiss, Rifkind, Wharton & GarrIson LLP, New York, NY; Michael P. Kelly, Daniel J. Brown, Alexandra M. Joyce, McCarter & English LLP, Wilmington, DE; Steven M. Bauer, Margaret A. Tough, Latham & Watkins LLP, San Francisco, CA; Robert W. Whetzel, Richards Layton & Finger, P.A., Wilmington, DCase number: D69684
Federal court lacked jurisdiction over purely state law claims alleging nuisance and consumer fraud arising from fossil fuel companies' purported disinformation campaigns to suppress the link between fossil fuel products and climate damage.
Lima USA, Inc. v. Mahfouz
Publication Date: 2021-12-21Practice Area:Contractual Disputes
Industry:Health Care |
Investments and Investment Advisory |
Technology Media and Telecom
Court: Delaware Superior CourtJudge: Judge WallaceAttorneys:For plaintiff: David E. Wilks, Scott B. Czerwonka, Wilks Law, LLC, Wilmington, DE; Jordan E. Stern, William H. Newman, Becker, Glynn, Muffly, Chassin & Hosinski, LLP, New York, NY for plaintiff.For defendant: Catherine A. Gaul, Ashby & Geddes, Wilmington, DE; David B. Anthony, Berger Harris LLP, Wilmington, DE; Beth A. Bryan, Taft Stettinius & Hollister, LLP, Cincinnati, OH for defendants.Case number: D69649
The court held that plaintiff's claims were not ripe or justiciable and its breach of representations claim failed to state a claim where plaintiff did not and could not plead damages.
In Re Vaxart Inc. Stockholder Litig.
Publication Date: 2021-12-14Practice Area:Corporate Governance
Industry:Biotechnology |
Investments and Investment Advisory
Court: Court of ChanceryJudge: Vice Chancellor FioravantiAttorneys:For plaintiff: Stephen E. Jenkins, F. Troupe Mickler, IV, Ashby & Geddes, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Jeroen van Kwawegen, Daniel E. Meyer, Margaret Sanborn-Lowing, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Gustavo F. Bruckner, Samuel J.Adams, Daryoush Behbood, Pomerantz LLP, New York, NY; Sascha N. Rand, Rollo C. Baker, IV , Silpa Maruri, Jesse Bernstein, Charles H. Sangree, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Stanley D. Bernstein, Matthew Guarnero, Bernstein Liebhard LLP, New York, NY; William J. Fields, Christopher J. Kupka, Samir Shukurov, Fields Kupka & Shukurov LLP, New York, NY for plaintiffs.For defendant: Brock E. Czeschin, Andrew L. Milam, Richards Layton & Finger, P.A., Wilmington, DE; Riccardo DeBari, Renee Zaytsev, Mendy Pie-karski, Thompson Hine, New York, NY; Matthew F. Davis, Abraham C. Schneider, Potter Anderson & Corroon LLP, Wilmington, DE; Douglas A. Rappaport, Kaitlin D. Shapiro, Elizabeth C. Rosen, Madeleine R. Freeman, Akin Gump Strauss Hauer & Feld LLP, New York, NY for defendants.Case number: D69639
The court held that plaintiff shareholders were required to make a demand on the board prior to filing suit. Because they did not make a demand, their claims failed. Motion to dismiss granted.
DebugScreen: mobile
Query
Results
TRENDING STORIES
More from ALM
Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.