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Lebanon County Employees' Ret. Fund v. Collis
Publication Date: 2023-04-04
Practice Area: Corporate Governance
Industry: Distribution and Wholesale | Investments and Investment Advisory | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Samuel L. Closic, Eric J. Juray, Robert B. Lackey, Prickett, Jones & Elliott, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Lee D. Rudy, Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Jeroen van Kwawegen, Eric J. Riedel, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Frank R. Schirripa, Daniel B. Rehns, Kurt Hunciker, Hillary Nappi, Hach Rose Schirripa & Cheverie LLP, New York, NY; Gregory Mark Nespole, Daniel Tepper, Levi & Korsinsky, LLP, New York, NY; Brian J. Robbins, Craig W. Smith, Robbins LLP, San Diego, CA for plaintiffs.
For defendant: Stephen C. Norman, Jennifer C. Wasson, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Michael S. Doluisio, Carla Graff, Dechert LLP, Philadelphia, PA; Matthew L. Larrabee, Hayoung Park, Dechert LLP, New York, New York; Michael D. Blanchard, Amelia Pennington, Morgan, Lewis & Bockius LLP, Boston, MA for defendants.
Case number: 2021-1118-JTL

Court denied relief from dismissal of action, after a state court found defendant directors and officers had not violated the law, where newly-filed DOJ complaint against the company remained unsubstantiated and did not contain allegations against defendants specifically.

March 29, 2023 | Delaware Business Court Insider

Shareholders Argue Chancery Decision Gave Tesla a License for Self-Interested Deals

Lawyers for the automaker argued that the shareholders' complaints, including the lack of an independent committee to steer negotiations, couldn't be examined in isolation.
3 minute read
March 29, 2023 | The Recorder

Shareholders Argue Chancery Decision Gave Tesla a License for Self-Interested Deals

Lawyers for the automaker argued that the shareholders' complaints, including the lack of an independent committee to steer negotiations, couldn't be examined in isolation.
3 minute read
February 16, 2023 | Delaware Law Weekly

Meta Seeks to Toss Shareholder Claim It Failed to Protect Users' Data Privacy

Meta's Gibson Dunn lawyers said its board had the independence to investigate the matter--which stems from the Cambridge Analytica breach--so shareholders failed to show demand futility.
3 minute read
February 16, 2023 | Delaware Business Court Insider

Meta Asks Chancery Court to Toss Claim It Failed to Protect Users' Data Privacy

Meta's Gibson Dunn lawyers said its board had the independence to investigate the matter--which stems from the Cambridge Analytica breach--so shareholders failed to show demand futility.
3 minute read
State ex rel. Rogers v. The Bancorp Bank
Publication Date: 2023-01-17
Practice Area: Business Torts
Industry: Financial Services and Banking | Legal Services
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys:
For plaintiff: Daniel C. Mulveny, Oliver Cleary, Deputy Attorneys General, State of Delaware Dep’t of Justice, Wilmington, DE; Bruce E. Jameson, Samuel L. Closic, Mary S. Thomas, Prickett, Jones & Elliott, P.A., Wilmington, DE; David Brackett, Benjamin E. Fox, John E. Floyd, Bondurant, Mixson & Elmore, LLP, Atlanta, GA for plaintiffs.
For defendant: Catherine A. Gaul, Randall J. Teti, Ashby & Geddes, Wilmington, DE; Joshua A. Goldberg, Jane Metcalf, Clinton W. Morrison, Christina Sedca-Acosta, Patterson Belknap Webb & Tyler LLP; Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Eric W. Sitarchuk, Ezra D. Church, Ryan P. McCarthy, Morgan, Lewis & Bockius LLP, Philadelphia, PA for defendants.
Case number: N18C-29-240 PRW CCLD

Qui tam relator's counsel's failure to set up ethical screens or disclose his knowledge of defendant's attorney-client materials requires disqualification and shifting of costs onto counsel.

Lebanon County Employees' Ret. Fund v. Collis
Publication Date: 2023-01-03
Practice Area: Corporate Entities
Industry: Distribution and Wholesale | Investments and Investment Advisory | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Samuel L. Closic, Eric J. Juray, Robert B. Lackey, Prickett, Jones & Elliott, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Lee D. Rudy, Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Jeroen van Kwawegen, Eric J. Riedel, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Frank R. Schirripa, Daniel B. Rehns, Kurt Hunciker, Hillary Nappi, Hach Rose Schirripa & Cheverie LLP, New York, NY; Gregory Mark Nespole, Daniel Tepper, Levi & Korsinsky, LLP, New York, NY; Brian J. Robbins, Craig W. Smith, Robbins LLP, San Diego, CA for plaintiffs.
For defendant: Stephen C. Norman, Jennifer C. Wasson, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Michael S. Doluisio, Carla Graff, Dechert LLP, Philadelphia, PA; Matthew L. Larrabee, Hayoung Park, Dechert LLP, New York, NY; Michael D. Blanchard, Amelia Pennington, Morgan, Lewis & Bockius LLP, Boston, MA for defendants.
Case number: 2021-1118-JTL

The court granted a motion to dismiss breach of duty claims stockholder plaintiffs brought against pharmaceutical distributor defendant.

Ligos v. Tsuff
Publication Date: 2022-12-13
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Corinne Elise Amato, Kevin H. Davenport, Samuel L. Closic, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Eric L. Zagar, J. Daniel Albert, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiff.
For defendant: William B. Chandler III, Brad D. Sorrels, Daniyal M. Iqbal, Nora M. Crawford, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Steven Guggenheim, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA; S. Mark Hurd, Miranda Gilbert, Morris Nichols Arsht & Tunnel, LLP, Wilmington, DE; Danny David, Amy Pharr Hefley, Baker Botts L.L.P., Houston, TX for defendants.
Case number: 2020-0435-SG

Special committee directors were dismissed from case challenging merger transaction, where plaintiff could not show that directors lacked independence from corporate controller or had engaged in willful dereliction of duty to the level of bad faith.

Appellate Division, First Department: December 12, 2022
Publication Date: 2022-12-12
Practice Area: Appellate Division Activity | Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, Second Department, Appeals & Motions
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Appeals & Motions List released on:December 8, 2022

McClurg v. Praesidium Partners, Inc.
Publication Date: 2022-11-22
Practice Area: Corporate Entities
Industry: E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Glasscock
Attorneys:
For plaintiff: Bruce E. Jameson, Eric J. Juray, Prickett, Jones & Elliott, P.A., Wilmington, DE; Thomas H. Vidal, Jessica Stone, Pryor Cashman LLP, Los Angeles, CA for plaintiff.
For defendant: Philip Trainer, Jr., Randall J. Teti, Ashby & Geddes, Wilmington, DE; Esra Acikalin Hudson, Lauren, Chee, Manatt, Phelps & Phillips, LLP, Los Angeles, CA for defendants.
Case number: 2021-0896-SG

Court issued a constructive trust following a trial sounding in breach of contract and breach of duty claims amongst co-investors in a cryptocurrency investment company.

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