• United Food & Commercial Workers Union v. Zuckerberg

    Publication Date: 2020-11-11
    Practice Area: Corporate Governance
    Industry: E-Commerce | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: P. Bradford deLeeuw, deLeeuw Law LLC, Wilmington, DE; Robert C. Schubert, Schubert Jonckheer & Kolbe LLP, San Francisco, CA; James E. Miller, Shepherd Finkelman Miller & Shah, LLP, Chester, CT for plaintiff.
    for defendant: Kevin R. Shannon, Berton W. Ashman, Jr., Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilming-ton, DE; William Savitt, Ryan A. McLeod, Anitha Reddy, Cecilia A. Glass, Wachtell, Lipton, Rosen & Katz, New York, NY; Raymond J. DiCamillo, Kevin M. Gallagher, Megan E. O’Connor, Richards, Layton & Finger, P.A., Wilmington, DE; George M. Garvey, Laura Lin, Munger, Tolles & Olson LLP, Los Angeles, CA; David E. Ross, Garrett B. Moritz, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE for defendants.

    Case Number: D69189

    Plaintiffs failed to establish demand futility because a majority of the board was capable of impartially con-sidering a litigation demand.

  • In re: Oracle Corp. Derivative Litig.

    Publication Date: 2020-07-08
    Practice Area: Corporate Governance
    Industry: Software
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher P. Quinn and Bradley P. Lehman, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiff.
    for defendant: Elena C. Norman and Richard J. Thomas, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Peter A. Wald and Blair Connelly, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Henley, James and Hurd. A. Thompson Bayliss and E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John W. Spiegel, George M. Garvey and John M. Gildersleeve, Munger, Tolles & Olson LLP, Los Angeles, CA for defendant Goldberg. Andrew S. Dupre and Sarah E. Delia, McCarter & English, LLP, Wilmington, DE; Robert P. Feldman and Christopher D. Kercher, Quinn Emanuel Urquhart & Sullivan, LLP, Redwood Shores, CA and New York, NY for defendant Nelson. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A. , Wilmington, DE for nominal defendant Oracle Corp.

    Case Number: D69043

    Fiduciaries for an acquired entity did not engage in aiding and abetting, because they did not provide substantial assistance to the buyer's fiduciaries in breaching their duties.

  • In re Oracle Corp. Derivative Litig.

    Publication Date: 2019-12-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Randal J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Down LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for lead plaintiff.
    for defendant: Elena C. Norman, Richard J. Thomas, Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Blair Connelly and Rachel J. Rodriguez, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo, Thomas P. Will and Corinne R. Moini, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Hurd Estate, Henley, Conrades, James, Panetta, Boskin, Berg, Garcia-Molina, Seligman, Chizen and Bingham. A. Thompson Bayliss and E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John W. Spiegel, George M. Garvey and John M. Gildersleeve, Munger, Tolles & Olson LLP, Los Angeles, CA for defendant Goldberg. Andrew S. Dupre, McCarter & English, LLP, Wilmington, DE; Robert P. Feldman and Christopher D. Kercher, Quinn Emanuel Urquhart & Sulli-van LLP, Redwood Shores, CA and New York, NY for defendant Nelson. Thomas A. Beck, Blake Rohrbacher, Susan M. Han-nigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for nominal defendant Ora-cle Corp.

    Case Number: D68809

    Where a special litigation committee concluded that a litigation asset should be turned over to the lead plaintiff to pursue a derivative action on behalf of the corporation, plaintiff was entitled to all relevant documents considered by the committee.

  • Litigation Daily | Q&A

    Litigators of the Week: In 'Nuclear' Showdown over CBS, Cleary's Kotler and Hou on Top

    September 14, 2018

    It's not always obvious who comes out on top when cases settle—but this time, the consensus was clear. “Shari Redstone emerges winner." Cleary Gottlieb's Meredith Kotler and Victor Hou led her litigation team in the fight for control over CBS.

  • The Recorder | News

    Meet David Taylor, the Theranos GC and Former Munger Associate Who Just Became the Troubled Company's CEO

    June 18, 2018

    Taylor will have his work cut out for him, replacing former CEO Elizabeth Holmes at a company that has been stuck in a downward spiral of legal troubles and bad headlines.