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Solera Holdings, Inc. v. XL Specialty Ins. Co.
Publication Date: 2019-08-14
Practice Area: Insurance Law
Industry: Automotive | Insurance | Software
Court: Delaware Superior Court
Judge: Judge LeGrow
Attorneys:
For plaintiff: David J. Baldwin and Carla M. Jones, Potter Anderson & Corroon LLP, Wilmington, DE; Peter M. Gillon, Alexander D. Har-diman and Tamara D. Bruno, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC for plaintiff.
For defendant: Gregory F. Fischer and Angelo G. Savino, Cozen O’Connor, Wilmington, DE and Washington, DC for defendants ACE Ameri-can Ins. Co. and Fed. Ins. Co. Carmella P. Keener, Rosenthal, Monhait & Goddess, P.A., Wilmington, DE for defendants En-durance Am. Ins. Co. and Liberty Ins. Underwriters Inc. Ronald P. Schiller, Michael R. Carlson and Matthew N. Klebanoff, Hangley Aronchick Segal Pudlin & Schiller, Philadelphia, PA for Endurance Am. Ins. Co. Scott A. Schechter and Matthew E. Mawby, Kaufman Borgeest & Ryan LLP, Valhalla, NY for defendant Liberty Ins. Underwriters Inc. Bruce W. McCullough, Bodell Bové, LLC, Wilmington, DE for defendant Zurich Am. Ins. Co. Bruce E. Jameson and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Tammy Yuen and Kenneth M. McBrady, III, Skarzynski Black LLC , New York, NY for defendant XL Specialty Ins. Co. Kurt M. Heyman and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Scott B. Schreiber and James W. Thomas, Jr., Arnold & Porter Kaye Scholer LLP, Washington, DC for defendant Illinois Nat’l Ins. Co. Stephen F. Dryden, Weber Gallagher Simpson Stapleton Fires & Newby, LLP, New Castle, DE for defendant Hudson Ins. Co. John C. Phillips, Jr. and David A. Bilson, Phillips, Goldman, McLaughlin & Hall, P.A., Wilmington, DE; Geoffrey W. Heineman and Jung H. Park, Ropers, Majeski Kohn & Bentley, New York, NY for defendant Argonaut Ins. Co.
Case number: D68667

The court held that the claimed loss fell within the plain language of the insurance policies, and other factual issues precluded summary judgment.

Mehta v. Mobile Posse, Inc.
Publication Date: 2019-05-22
Practice Area: Mergers and Acquisitions
Industry: Advertising | Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys:
For plaintiff: Marcus E. Montejo and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE for plaintiff.
For defendant: Rafael X. Zahralddin and Jonathan M. Stemerman, Elliott Greenleaf, P.C., Wilmington, DE for defendants.
Case number: D68470

In this case involving a corporate merger, the company and its board were not entitled to judgment on the pleadings where they did not comply with statutory notice requirements regarding appraisal rights.

Smith v. Promontory Fin. Group, LLC
Publication Date: 2019-05-15
Practice Area: Corporate Entities
Industry: Consulting
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: David A. Jenkins and Laurence V. Cronin, Smith Katzenstein & Jenkins LLP, Wilmington, DE for plaintiffs.
For defendant: Bruce E. Jameson and Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Robert M. Cary, Alexander S. Zolan and Robert M. Belden, Williams & Connolly LLP, Washington, DC for defendants.
Case number: D68564

The withdrawing member of a limited liability company was entitled to half the value of the company as of the date of with-drawal, less the amount he owed on his capital account.

Sheldon v. Pinto Tech. Ventures, L.P.
Publication Date: 2019-02-06
Practice Area: Corporate Governance | Securities Litigation
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Thad J. Bracegirdle and Scott B. Czerwonka, Wilks, Lukoff & Bracegirdle, LLC, Wilmington, DE; Jeff Joyce, Joyce & McFarland LLP, Houston, TX for plaintiffs.
For defendant: Brian C. Ralston and Jacqueline A. Rogers, Potter Anderson Corroon LLP, Wilmington, DE; Danny Da-vid and Rebecca Huddle, Baker Botts LLP, Houston, TX for defendants Terry and Walker. Bruce E. Jameson and Samuel L. Closic, Prickett, Jones & Elliott, P.A., Wilmington, DE; B. Russell Horton, George Brothers Kincaid & Horton, L.L.P., Austin, TX for Pinto Tech., RiverVest and Bay City Capital defendants.
Case number: D68451

Defendants' successful effort to enforce a forum selection clause in the court of another state did not preclude them from arguing that a shareholder action was derivative.

Oxbow Carbon & Minerals Holdings, Inc. v. Crestview-Oxbow Acquisition, LLC
Publication Date: 2019-01-30
Practice Area: Contractual Disputes
Industry: Investments and Investment Advisory | Mining and Resources
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys:
For plaintiff: Stephen C. Norman and Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; David B. Hennes, C. Thomas Brown, Adam M. Harris and Elizabeth D. Johnston, Ropes & Gray LLP, New York, NY for plaintiffs Oxbow Carbon & Mineral Holdings, Ingraham Investments, William I. Koch and Oxbow Carbon Investment Co. LLC. Kenneth J. Nachbar, Thomas W. Briggs, Jr. and Richard Li, Morris, Nich-ols, Arsht & Tunnell LLP, Wilmington, DE; R. Robert Popeo, Michael S. Gardener and Breton Leo-ne-Quick, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., Boston, MA for plaintiff
For defendant: Oxbow Carbon LLC. Kevin G. Abrams, Michael A. Barlow and April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Brock E. Czeschin, Matthew D. Perri and Sarah A. Galetta, Richards, Layton & Finger, P.A., Wilmington, DE; Michael B. Carlinsky, Chad Johnson, Jennifer Barrett, Silpa Maruri, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Christopher Landau, Quinn Emanuel Urquhart & Sul-livan, LLP, Washington, DC for defendant Crestview-Oxbow Acquisition. J. Clayton Athey and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Dale C. Christensen, Jr and Michael B. Weitman, Seward & Kissell, LLP, New York, NY for defendant Load Line Capital
Case number: D68441

The plain language of an LLC agreement governed the parties' dispute, and the trial court improperly implied a cove-nant where no contractual gap existed. Affirmed in part, reversed in part.

Zalmanoff v. Hardy
Publication Date: 2018-11-28
Practice Area: Corporate Governance | Mergers and Acquisitions
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys:
For plaintiff: Ronald A. Brown, Jr., J. Clayton Athey and Samuel L. Closic of Prickett, Jones & Elliott, P.A., Wilming-ton, DE; Jeffrey S. Abraham of Abraham, Fruchter & Twersky, LLP, New York, NY for plaintiff
For defendant: David J. Teklits and D. McKinley Measley of Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Howard S. Suskin, Elizabeth A. Edmondson, Lorenzo Di Silvio and Rémi J.D. Jaffré of Jenner & Block LLP, New York, NY for defendants.
Case number: D68372

Corporate directors did not breach their fiduciary duty of disclosure when they provided stockholders with two documents which together contained all material information in connection with a stockholder vote.

In Re Appraisal of Columbia Pipeline Grp., Inc.
Publication Date: 2018-09-12
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Stephen E. Jenkins, Andrew D. Cordo, Marie M. Degnan, Ashby & Geddes, P.A., Wilmington, DE; Marcus E. Montejo, Kevin H. Davenport, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, John Vielandi, Bernstein Litowitz Berger & Grossmann LLP, New York, NY, attorneys for petitioners
For defendant: Martin S. Lessner, James M. Yoch, Jr., Paul J. Loughman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Brian J. Massengill, Linda X. Shi, Mayer Brown LLP, Chicago, IL, attorneys for respondent.
Case number: D68280

Motion for continued confidential treatment of litigation records denied where moving party failed to demonstrate good cause to overcome the presumption in favor of the right of public access to judicial records.

In re Energy Transfer Equity, L.P. Unitholder Litig.
Publication Date: 2018-05-30
Practice Area: Class Actions | Mergers and Acquisitions | Securities Litigation
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Michael Hanrahan, Paul A. Fioravanti, Jr., Kevin H. Davenport, Samuel L. Closic, and Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Marc A. Topaz, Lee D. Rudy, Eric L. Zagar, Michael C. Wagner, and Grant D. Goodhart, III, Kessler Topaz Meltzer & Check, LLP, Radnor, PA, attorneys for plaintiffs
For defendant: Rolin P. Bissel, James M. Yoch, Jr., and Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, John C. Wander, Craig E. Zieminski, and Andrew E. Jackson, Vinson & Elkins LLP, Dallas, TX; David E. Ross and Benjamin Z. Grossberg, Ross Aronstam & Moritz LLP, Wilmington, DE; M. Scott Barnard, Michelle Reed, and Lauren E. York, Akin Gump Strauss Hauer & Feld LLP, Dallas, TX, attorneys for defendants.
Case number: D68160

Unitholders' complaint challenging private issuance of securities to insiders established unfairness of transaction, but did not warrant equitable relief cancelling the transaction where partnership was not injured by transaction.

In Re Appraisal of Goodcents Holdings, Inc., DEFAX Case No. D67766 (Del.Ch. June 7, 2017), Montgomery-Reeves, V.C. (17 pages).
Publication Date: 2017-06-21
Practice Area:
Industry: Financial Services and Banking
Court: Delaware Court of Chancery
Judge:
Attorneys:
For plaintiff:
For defendant:
Case number: D67766

Preferred stockholders not entitled to payment of liquidation preference upon merger where company's certificate of incorporation merely provided them a blocking vote, and only voided that blocking

May 15, 2017 |

Carney Taps Litigator, Now Assistant Public Defender, for Supreme Court

Gov. John Carney on Monday nominated Gary F. Traynor, a Sussex County public defender and a former litigator with Prickett, Jones & Elliott, to become the next justice on the Delaware Supreme Court.
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