• In re: Nine Point Energy Holdings, Inc.

    Publication Date: 2021-07-28
    Practice Area: Bankruptcy
    Industry: Energy | Transportation
    Court: U.S. Bankruptcy Court
    Judge: Judge Walrath
    Attorneys: For plaintiff: Michael R. Nestor, Kara Hammond Coyle, Michael S. Neiburg, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Richard A. Levy, Caroline A. Reckler, Jonathan Gordon, Latham & Watkins LLP, Chicago, IL; George A. Davis, Nacif Taousse, Alistair K. Fatheazam, Jonathan J. Weichselbaum, Latham & Watkins LLP, New York, NY; Heather Lennox, Robert S. Faxon, Jones Day, Cleveland, OH for plaintiffs.
    for defendant: Edward Soto, Weil Gotshal & Manges LLP, Miami, FL; Alfredo Perez, Weil Gotshal & Manges LLP, Houston, TX; Philip Bentley, Stephen Zide, Caroline Gange, Kramer Levin Naftalis & Frankel LLP, New York, NY; Curtis S. Miller, Taylor M. Haga, Nader A. Amer, Morris, Nichols, Arsht & Tunnell, LLP, Wilmington, DE for defendants.

    Case Number: D69480

    Declarations and interests in midstream services agreement did not create a covenant running with mineral interest because the agreement only concerned the provision of personal benefits to the interest-holder, not any benefit to its real property.

  • Skye Mineral Investors, LLC v. DXS Capital (U.S.) Ltd.

    Publication Date: 2021-07-28
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Kevin M. Gallagher, Daniel Kaprow of Richards, Layton & Finger, P.A., Wilmington, DE; Jason Cyrulnik, Edward Normand, Paul Fattaruso, Cyrulnik Fattaruso LLP, New York, NY for plaintiffs.
    for defendant: Thomas W. Briggs, Jr., Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Pedro A. Jimenez; Kevin C. Logue, Kevin P. Broughel, Nicholas Bassett, Katherine K. Solomon, Katherine Rookard, Paul Hastings LLP, New York, NY for defendants.

    Case Number: D69484

    Service upon defendants in a foreign country by mailing and posting was reasonably calculated to provide them with actual notice of the pending litigation, so the court denied defendants' motion to dismiss.

  • Novarus Capital Holdings, LLC v. AFG ME West Holdings, LLC

    Publication Date: 2021-07-14
    Practice Area: Contractual Disputes
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Kevin M. Coen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Darrell G. Waas, Patricia C. Camp-bell, Waas Campbell Rivera Johnson & Velasquez LLP, Denver, CO for plaintiff.
    for defendant: Alan D. Albert, O’Hagan Meyer PLLC, Wilmington, DE for defendants.

    Case Number: D69465

    Plaintiff adequately stated claims for reformation, declaratory relief, and breach of the implied covenant of good faith and fair dealing, but the court dismissed certain other claims against defendants.

  • In re Oracle Corp. Derivative Litig.

    Publication Date: 2021-07-07
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris of Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Christopher H. Lyons, Robbins Geller Rud-man & Dowd LLP, Nashville, TN; Brian J. Robbins, Stephen J. Oddo, Gregory Del Gaizo, Robbins LLP, San Diego, CA for lead plaintiff.
    for defendant: Kenneth J. Nachbar, John P. DiTomo, Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett, Sidley Austin LLP, San Francisco, CA; Matthew J. Dolan, Sidley Austin LLP, Palo Alto, CA; Thomas A. Beck, Blake K. Rohrbacher, Susan M. Hannigan, Matthew D. Perri, Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE; Kevin R. Shannon, Berton W. Ashman, Jr., Pot-ter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses, Jonathan M. Wagner, Jason M. Moff, Kramer Levin Naftalis & Frankel LLP, New York, NY; Elena C. Norman, Nicholas J. Rohrer, Richard J. Thomas, Benjamin Potts, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Latham & Watkins LLP, San Francisco, CA; Blair Connelly, Latham & Watkins LLP, New York, NY for defendants.

    Case Number: D69458

    The court granted motions to dismiss as to two defendants in this breach of fiduciary duty matter, but it de-nied another defendant's motion because that party was not independent and had actively participated in the negotiation of the challenged transaction.

  • July 2, 2021 | Delaware Law Weekly

    Lawyers for Abuse Accusers Say $850 Million Settlement With Boy Scouts Is Just the Beginning of Compensation

    The number would be the highest-ever for sexual abuse claims in a U.S. court. The case is being handled in bankruptcy proceedings in Delaware.

    4 minute read

  • July 2, 2021 | Delaware Business Court Insider

    $850 Million Settlement With Boy Scouts Is Just the Beginning Says Lawyers for Abuse Accusers

    The number would be the highest-ever for sexual abuse claims in a U.S. court. The case is being handled in bankruptcy proceedings in Delaware.

    4 minute read

  • July 1, 2021 | Delaware Business Court Insider

    Oil Provider Claims Bankruptcy Judge Shouldn't Look Past $150M in Nine Point Claims

    Morris, Nichols, Arsht & Tunnell attorneys filed five appeals in the District of Delaware on Thursday on behalf of Caliber Midstream Partners and its affiliates, calling into question U.S. Bankruptcy Judge Mary F. Walrath's ruling.

    2 minute read

  • June 28, 2021 | Delaware Law Weekly

    Morris Nichols Partner to Speak at Corporate Governance Conference

    Morris, Nichols, Arsht & Tunnell partner Patricia Vella is slated to speak at the Society for Corporate Governance annual conference.

    1 minute read

  • In re: Tilray, Inc. Reorganization Litig.

    Publication Date: 2021-06-23
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, Jessica Zeldin, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossman LLP, Wilmington, DE; Mark Lebovitch, Da-vid Wales, Andrew Blumberg, Bernstein Litowitz Berger & Grossman LLP, New York, NY; Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Jeremy S. Friedman, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; D. Seamus Kaskela, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
    for defendant: Michael A. Pittenger, Matthew F. Davis, David A. Seal, Caneel Radinson-Blasucci, Potter Anderson & Cor-roon LLP, Wilmington, DE; Michael P. Kelly, Daniel M. Silver, Sarah E. Delia, McCarter & English, LLP, Wilmington, DE; Carl N. Kunz, III, K. Tyler O’Connell, Albert J. Carroll, Morris James LLP, Wilmington, DE; Ronald L. Berenstain, Sean C. Knowles, Perkins Coie LLP, Seattle, WA; Susan W. Waesco, John P. DiTomo, Daniel T. Menken, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Blake Rohrbacher, Matthew W. Murphy, Elizabeth A. Heise, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.

    Case Number: D69443

    Plaintiffs alleged sufficient facts to indicate the existence of a control group, and the conflicted transaction in this case was subject to entire fairness review.

  • Shareholder Representative Serv. LLC v. Albertsons Co., Inc.

    Publication Date: 2021-06-23
    Practice Area: Mergers and Acquisitions
    Industry: E-Commerce | Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: John P. DiTomo, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; John T. Ruskusky, Lisa C. Sullivan, Nixon Peabody, LLP, Chicago, IL for plaintiff.
    for defendant: Thomas E. Hanson, Jr., Barnes & Thornburg LLP, Wilmington, DE; Michael E. Swartz, Taleah E. Jennings, Schulte Roth & Zabel LLP, New York, NY; Thomas P. DeFranco, Schulte Roth & Zabel LLP, Washington, DC for defendant.

    Case Number: D69445

    The court refused to dismiss a breach of contract claim where plaintiff alleged sufficient facts to support its assertion that defendant intentionally missed milestones under a merger agreement that would have required it to make earnout payments.

  • June 14, 2021 | Delaware Law Weekly

    Morris Nichols Partner to Speak on Estate Planning Panel

    Morris, Nichols, Arsht & Tunnell announced that partner Todd Flubacher is slated to speak on a panel at the American College of Trust and Estate Counsel program, "Let's Be Clear! Drafting to Minimize Litigation and Disputes."

    1 minute read