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February 26, 2024 | Delaware Law Weekly

Morris Nichols Partner to Speak at PLI Program

Morris, Nichols, Arsht & Tunnell corporate counseling partner Melissa DiVincenzo is scheduled to speak at the Practising Law Institute's (PLI) full-day program titled, "The Art of M&A Transactional Practice" on Wednesday.
2 minute read
W. Palm Beach Firefighters' Pension Fund v. Moelis & Co.
Publication Date: 2024-02-26
Practice Area: Corporate Governance
Industry: Financial Services and Banking | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Thomas Curry, Taylor D. Bolton, Saxena White P.A, Wilmington, DE; David Wales, Saxena White P.A., White Plains, NY; Adam Warden, Saxena White P.A; Boca Raton, FL for plaintiff.
For defendant: John P. DiTomo, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; William Savitt, Anitha Reddy, Getzel Berger, Emma S. Stein, Wachtell, Lipton, Rosen & Katz, New York, NY for defendant.
Case number: 2023-0309-JTL

Court denied summary judgment dismissal of complaint challenging legality of stockholders' agreement provisions on grounds of laches and ripeness, where equitable defenses could not validate a void contractual provision and where stockholder could launch a facial attack against challenged provisions without having to wait for company controllers to breach fiduciary duties.

February 20, 2024 | Delaware Law Weekly

Morris Nichols Partners Present at Connecticut Bar Association's 2024 Delaware Business Law Update

On Feb. 13, Morris, Nichols, Arsht & Tunnell partners David Harris and Patricia Vella presented a "Delaware Business Law Annual Update" to the Connecticut Bar Association's Business Law Section.
2 minute read
Conte v. Greenberg
Publication Date: 2024-02-19
Practice Area: Corporate Governance
Industry: Consumer Products | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Thomas A. Uebler, Terisa A. Shoremoun, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Melinda A. Nicholson, Nicolas Kravitz, Kahn Swick & Foti, LLC, New Orleans, LA; Roger A. Sachar, Newman Ferrara LLP, New York, NY; Domenico Minerva, Labaton Sucharow LLP, New York, NY for plaintiff.
For defendant: A. Thompson Bayliss, E. Wade Houston, Eliezer Y. Feinstein, Daniel G. Paterno, Abrams & Bayliss LLP, Wilmington, DE; Brad D. Brian, John M. Gildersleeve, Abraham B. Dyk, Munger, Tolles & Olson LLP, Los Angeles, CA; Kenneth J. Nachbar, Susan W. Waesco, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Abby F. Rudzin, O’Melveny & Myers LLP, New York, NY; Matthew F. Davis, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Kenneth A. O’Brien, Jr., Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for defendants.
Case number: 2022-0633-MTZ MEMORANDUM OPINION

Plaintiff failed to plead demand futility due to the lack of directors' personal liability for oversight and corporate waste claims, as the failure to implement a formal policy governing executives' personal use of corporate aircraft did not, by itself, amount to bad faith, and any financial loss from personal use constituted a fraction of a percentage of the company's expenses and profits.

February 12, 2024 | Delaware Law Weekly

Morris Nichols' Bankruptcy & Restructuring Group Adds 2 Attorneys

Morris Nichols Arsht & Tunnell announced the recent additions of Brenna Dolphin and Clint Carlisle to the firm's bankruptcy and restructuring practice.
2 minute read
CFGI, LLC v. Common C Holdings LP
Publication Date: 2024-02-12
Practice Area: Contracts
Industry: Financial Services and Banking | Consulting | Consumer Products
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys:
For plaintiff: John P. DiTomo, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for plaintiff.
For defendant: R. Bruce McNew, R. Grant Dick IV, Andrew A. Ralli, Cooch and Taylor P.A., Wilmington, DE for defendants.
Case number: N23C-03-032 MAA CCLD

Amendment to contract purporting to "accelerate" past due payments lacked consideration where defendant was already making payments.

February 05, 2024 | Delaware Law Weekly

Morris Nichols Partner to Serve as a Program Coordinator for ABA Panel

The American Bar Association section of litigation's bankruptcy and insolvency litigation committee is scheduled to host a virtual program, "Developments in Small Business Reorganizations under Subchapter 5 of the Bankruptcy Code" on Thursday, and Morris Nichols Arsht & Tunnell bankruptcy and restructuring partner Curtis Miller is to serve as a program coordinator.
2 minute read
Marqunez v. Dole Food Co. Inc.
Publication Date: 2024-02-05
Practice Area: Mass Torts
Industry: Agriculture | Chemicals and Materials | Food and Beverage
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys:
For plaintiff: Andrew C. Dalton, Dalton & Associates P.A., Wilmington, DE; Scott M. Hendler, Hendler Flores Law, Austin, TX for plaintiffs.
For defendant: Jennifer C. Wasson, Potter Anderson & Corroon LLP, Wilmington, DE; Ryan D. Stottmann, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Adam V. Orlacchio, Blank Rome LLP, Wilmington, DE; Kelly E. Farnan, Richards, Layton & Finger, Wilmington, DE; John C. Phillips, Jr., Phillips Goldman & Spence P.A., Wilmington, DE; Andrea E. Neuman, Mary Beth Maloney, Gibson, Dunn & Crutcher LLP, New York, NY; William E. Thomson, Gibson, Dunn & Crutcher LLP, Los Angeles, CA; Michael L. Brem, Schirrmeister Diaz-Arrastia Brem LLP, Houston, TX for defendants.
Case number: 12-695-RGA

Court declined to grant summary judgment for defendants where the parties' joint expert persuasively opined that plaintiffs' complaint qualified as a protective action under relevant Ecuadoran law, making plaintiffs' claims not time-barred under the Delaware borrowing statute.

Doubleline Capital GP LLC v. Barach
Publication Date: 2024-02-05
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys:
For plaintiff: Thomas W. Briggs, Jr., Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Laura D. Smolowe, John M. Gildersleeve, Sara H. Worth, Munger, Tolles & Olson LLP, Los Angeles, CA for plaintiffs.
For defendant: Michael A. Barlow, Quinn, Emanuel, Urquhart & Sullivan, LLP, Wilmington, DE; Steven G. Madison, Joseph Sarles, William Pilon, Quinn, Emanuel, Urquhart & Sullivan, LLP, Los Angeles, CA for defendants.
Case number: 2022-0415-PAF

Court affirmed arbitration award where defendants failed to present evidence sufficient to show that the arbitral panel's interpretation of the parties' agreements was palpably incorrect.

January 30, 2024 | Delaware Law Weekly

Morris Nichols Partner to Co-Lead Panel at PLI M&A Program

The Practising Law Institute is scheduled to host "Mergers & Acquisitions 2024: Advanced Trends and Developments," an annual program featuring insights from leading US legal and investment banking professionals from Thursday to Friday, and Morris Nichols Arsht & Tunnell partner Patricia Vella is set to co-chair the program.
2 minute read

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