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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
Law Journal Press | Digital Book New Jersey Medical Malpractice Law 2024 Authors: Jonathan H. Lomurro, Gary L. Riveles, Abbott S. Brown View this Book

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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
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.

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.

February 02, 2024 | Pro Mid Market

Who Got the Work: Crowe & Dunlevy Attys Step in to Defend Truck Manufacturer Paccar in Subrogation Suit

Attorneys from Crowe & Dunlevy have stepped in as defense counsel to Paccar, a Washington-based truck manufacturer, in a pending subrogation lawsuit.
2 minute read

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