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  • Delaware Business Court Insider | Commentary

    'AmerisourceBergen' and Section 220 Demands in Del.: Implications and Possible Fixes

    February 24, 2021

    The Delaware Supreme Court recently affirmed the Delaware Court of Chancery's post-trial decision ordering AmerisourceBergen Corp. to produce corporate books and records under Section 220 of the Delaware General Corporation Law in order to permit stockholders to investigate AmerisourceBergen's role in the distribution of opioids.

  • Lacey v. Mota-Velasco

    Publication Date: 2021-02-24
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Peter B. Andrew, Craig J. Springer, David Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy S. Friedman, Spencer Oster, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiff.
    for defendant: William M. Lafferty, John P. DiTomo, Elizabeth A. Mullin, Morris, Nichols, Arsht & Tunnell LLP, Wilming-ton, DE; Bradley J. Benoit, Bryan Dumesnil, Bracewell LLP, Houston, TX; Srinivas M. Raju, Andrew J. Peach, Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Steven R. Selsberg, S. Sels-berg Law, PLLC, Houston, TX; Sylvia A. Mayer, S. Mayer Law PLLC, Houston, TX; Peter J. Walsh, Jr., Mat-thew F. Davis, Elizabeth M. Taylor, Potter Anderson & Corroon LLP, Wilmington, DE; Robert J. Giuffra, Jr., David M.J. Rein, Matthew A. Peller, Y. Carson Zhou, Sullivan & Cromwell LLP, New York, NY for defend-ants.
    Case Number: D69305

    The court granted defendant directors' motion to dismiss a breach of contract claim because plaintiff's claim was essentially one for breach of fiduciary duty.

  • Firefighters' Pension Sys. of the City of Kansas City, Missouri Trust v. Presidio, Inc.

    Publication Date: 2021-02-24
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Michael Hanrahan, Samuel L. Closic, Stephen D. Dargitz, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Lee D. Rudy, J. Daniel Albert, Stacey A. Greenspan, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiff.
    for defendant: Kevin R. Shannon, Berton W. Ashman, Jr., Daniel M. Rusk, IV, Potter Anderson & Corroon LLP, Wilmington, DE; Ryan A. McLeod, Alexandra P. Sadinsky, Wilfred T. Beaye, Jr., Wachtell, Lipton, Rosen & Katz, New York, NY; William M. Lafferty, John P. DiTomo, Alexandra M. Cumings, Sara Toscano, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Scott B. Luftglass, Rebecca L. Martin, Anne S. Aufhauser, Fried, Frank, Harris, Shriver & Jacobson LLP, New York, NY; Raymond J. DiCamillo, Kevin M. Gallagher, Megan E. O’Connor, Richards, Layton & Finger, P.A, Wilmington, DE; John L. Hardiman, Sullivan & Cromwell LLP, New York, NY; A. Thompson Bayliss, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; Matthew Solum, Courtney A. Carvill, Kirkland & Ellis LLP, New York, NY for defendants.
    Case Number: D69302

    CEO held personal interest in proposed acquisition transaction that he was not entitled to exculpation for, and company's financial advisor and winning bidder aided and abetted breaches of fiduciary duties by exchanging information regarding the company's bidding process.

  • Camejo v. Angelini Pharma Inc.

    Publication Date: 2021-02-03
    Practice Area: Products Liability
    Industry: Pharmaceuticals
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: Lawrence S. Paikoff, Richard J. Paikoff, Law Offices of Lawrence S. Paikoff, Davis, CA; Robert C. McDonald, Silverman, McDonald & Friedman, Wilmington, DE for plaintiff.
    for defendant: Gail L. Westover, Melissa L. Fox, Eversheds Sutherland (US) LLP, Washington, DC; Peter J. Walsh, Alan R. Silverstein, Potter Anderson & Corroon LLP, Wilmington, DE; Carla R. Karp, Glenn S. Kerner, Goodwin Procter LLP, New York, NY; John W. Shaw, Karen E. Keller, Nathan Hoeschen, Shaw Keller LLP, Wilmington, DE for defendants.
    Case Number: D69280

    Plaintiff could not assert innovator liability against brand-name pharmaceutical manufacturer where plaintiff conceded sufficiency of the warnings in the brand-name label and failed to prove that changes to the label for the generic version were prompted by actions of the brand-name manufacturer.

  • Law.com

    Section 230 in Biden's America + Is Content Moderation Worth Blowing Up Internet? + ROSS Takes Aim at Westlaw 'Monopoly'

    January 27, 2021

    The left is freaked out over the mayhem at the Capitol. The right is incensed over Amazon's decision following the riot to halt web hosting services to Parler, the microblogging site popular with conservatives. So does all this mean that finally, Section 230, the provision that shields.

  • Lenois v. Lawal

    Publication Date: 2021-01-27
    Practice Area: Corporate Entities
    Industry: Energy
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Michael J. Barry, Rebecca Musarra, Grant & Eisenhofer, P.A., Wilmington, DE; Gordon Z. Novod, Grant & Eisenhofer, P.A., New York, NY; Peter B. Andrews, Craig J. Springer, Jessica Zeldin, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy Friedman, Spencer Oster, David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY for plaintiff.
    for defendant: Myron T. Steele, Matthew F. Davis, Jaclyn C. Levy, Potter, Anderson & Corroon LLP, Wilmington, DE; David T. Moran, Christopher R. Bankler, Jackson Walker L.L.P., Dallas, TX; David J. Teklits, Kevin M. Coen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Mark Oakes and Ryan Meltzer, Norton Rose Fulbright US LLP, Austin, TX; John Byron, Norton Rose Fulbright US LLP, Houston, TX; Srinivas M. Raju, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Greg Waller, Hunton Andrews Kurth L.L.P., Houston, TX for defendants.
    Case Number: D69272

    Bankruptcy trustee could not substitute for derivative plaintiff and assert claims subject to final judgment on behalf of the company where the "newly discovered evidence" in support of relief from judgment was in the company's possession and therefore knowledge of the evidence would be imputed to the trustee.

  • The Recorder | News

    ROSS Intelligence Accuses Thomson Reuters of Crushing Competitors With 'Sham Copyrights and Intimidation Tactics'

    January 25, 2021

    The antitrust counterclaims follow the San Francisco-based legal research firm's announcement last month that it would cease operations as a result of its legal battle with Thomson Reuters.

  • Delaware Business Court Insider

    Thomson Reuters Is Crushing Competitors With 'Sham Copyrights and Intimidation Tactics,' ROSS Intelligence Alleges

    January 25, 2021

    The antitrust counterclaims follow the San Francisco-based legal research firm's announcement last month that it would cease operations as a result of its legal battle with Thomson Reuters.

  • In Re Viacom Inc. Stockholders Litig.

    Publication Date: 2021-01-13
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Jeroen van Kwawegen, Edward G. Timlin, Andrew E. Blumberg, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Chad Johnson, Noam Mandel, Desiree Cummings, Robbins Geller Rudman & Dowd LLP, New York, NY; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Nashville, TN; Francis A. Bottini, Jr., Anne B. Beste, Bottini & Bottini, Inc., La Jolla, CA for plaintiffs.
    for defendant: Matthew E. Fischer, Michael A. Pittenger, Christopher N. Kelly, J. Matthew Belger, Jacqueline A. Rogers, Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE; Victor L. Hou, Rahul Mukhi, Mark E. McDonald, Cleary Gottlieb Steen & Hamilton LLP, New York, NY; Gregory P. Williams, Blake Rohrbacher, Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE; Robert H. Baron, Gary A. Bornstein, Rory A. Leraris, Cravath, Swaine & Moore LLP, New York, NY; Jon E. Abramczyk, D. McKinley Measley, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Stuart J. Baskin Randall Martin, Shearman & Sterling LLP, New York, NY for defendants.
    Case Number: D69255

    Controller standing on both sides of a merger transaction without dual protections for minority shareholders was required to defend transaction under entire fairness review standard rather than business judgment rule.

  • Delaware Business Court Insider

    Del. Judge Tosses Election Conspiracy-Peddling Ga. Lawyer From Defamation Case

    January 12, 2021

    Wood said his record, examined in full, supports his pro hac vice admission to represent a former foreign policy adviser to the 2016 Trump campaign. "I believe that the order as entered by the judge conveys a falsehood to the public," he said.