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Hub Group, Inc. v. Knoll
Publication Date: 2024-09-10
Practice Area: Contracts
Industry: Transportation
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: John A. Sensing, Tyler E. Cragg, Hannah L. Paxton, Potter Anderson & Corroon LLP, Wilmington, DE for plaintiff.
For defendant: Steven J. Fineman, Travis S. Hunter, Alexandra M. Ewing, Morgan R. Harrison, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.
Case number: 2024-0471-SG

Court declined to grant leave for an interlocutory appeal from the denial of a preliminary injunction where the court's order only resolved one outstanding issue in the case and thus an interlocutory appeal would not materially advance the litigation.

TS Falcon I, LLC v. Golden Mountain Fin. Holdings Corp.
Publication Date: 2024-09-10
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys:
For plaintiff: Michael A. Pittenger, Jacqueline A. Roger, Adriane M. Kappauf, Rebecca Bolinger, Potter Anderson & Corroon LLP, Wilmington, DE; Andrew J. Levander, Mauricio A. España, Dechert LLP, New York, NY; Christopher J. Merken, Julia M. Curley, Dechert LLP, Philadelphia, PA for plaintiffs.
For defendant: Travis S. Hunter, Matthew W. Murphy, John M. O’Toole, Mari Boyle, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.
Case number: 2023-1247-LWW

Corporation's purposeful violation of the express prohibition of setting a retroactive record date for an annual stockholders' meeting warranted invalidating the board election results and reinstating the prior board to hold a new election.

MKE Holdings, Ltd. v. Schwartz
Publication Date: 2024-09-10
Practice Area: Corporate Governance
Industry: Chemicals and Materials | Investments and Investment Advisory | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Thomas E. Hanson, Jr., William J. Burton, Barnes & Thornburg LLP, Wilmington, DE for plaintiff.
For defendant: Blake Rohrbacher, Matthew W. Murphy, Sandy Xu, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.
Case number: 2018-0729-SG

Court declined summary judgment dismissal of fraud claims where allegations of withholding of material information could support equitable tolling and plaintiffs plausibly alleged defendants' motive to fraudulently induce plaintiffs' investment.

Burkhart v. Genworth Fin., Inc.
Publication Date: 2024-09-03
Practice Area: Damages
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Cook
Attorneys:
For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Edward F. Haber, Michelle H. Blauner, Ian J. McLoughlin, Patrick J. Vallely, Shapiro Haber & Urmy LLP, Boston, MA, attorneys for plaintiff;
For defendant: Srinivas M. Raju, Elizabeth J. Freud, Daniel A. Dreisbach, Susan Hannigan Cohen, Kevin M. Gallagher, Richards, Layton & Finger, P.A., Wilmington, DE; Reid L. Ashinoff, Kenneth J. Pfaehler, T. Carter White, Dentons US LLP, New York,NY; John C. Hueston, Marshall A. Camp, Padraic Foran, Zachary Murray, Hueston Hennigan LLP, Los Angeles, CA, attorneys for defendant.
Case number: 2018-0691-NAC

Court ordered plaintiffs to produce unredacted versions of their fee agreements with proposed class counsel where plaintiffs admitted they had funding litigation agreements and the fee agreements were necessary for the court to evaluate whether counsel could adequately represent the class or had separate duties to the litigation funders, whose interests could diverge from the class.

August 27, 2024 | Delaware Business Court Insider

Bankruptcy Judge, Corporate Litigator to Head Richards Layton Arbitration and Mediation Practice

Greg Williams has worked both as an advisor and a litigator representing corporations and their directors. Kevin Gross Gross joined the firm as a director in its bankruptcy and corporate restructuring department in 2020, following 14 years as a bankruptcy judge.
2 minute read
Pazos v. AdaptHealth LLC
Publication Date: 2024-08-27
Practice Area: Mergers and Acquisitions
Industry: Accounting | Distribution and Wholesale | Health Care | Manufacturing
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys:
For plaintiff: Kelly E. Farman, Matthew W. Murphy, Edmond S. Kim, Richards, Layton & Finger, P.A., Wilmington, DE for petitioner.
For defendant: Steven L. Caponi, Matthew B. Goeller, Megan E. O’Connor, K&L Gates LLP, Wilmington, DE for respondent.
Case number: N23C-02-164 PRW CCLD

Court upheld expert determination issued under parties' contractual dispute resolution clause where record undermined objector's claim that expert overlooked or improperly relied on evidence.

Sunstone Partners Mgmt., LLC v. Snyopsys, Inc.
Publication Date: 2024-08-27
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Chancellor Wallace
Attorneys:
For plaintiff: Rudolf Koch, Nicholas F. Mastria, Richards, Layton & Finger P.A, Wilmington, DE; Adam Slutsky, Godwin Proctor, LLP, Boston, MA for plaintiff.
For defendant: Tammy L. Mercer, Jillian A. Tyson, Young Conaway Stargatt & Taylor, LLP Wilmington, DE; N. Thomas Connallly, III, Christopher T. Pickens, Patrick T. Michael, and Samuel W. Yergin, Hogan Lovells US LLP, Tysons, VA for defendant.
Case number: 2024-0261-PRW

Court found no breach of an exclusivity provision in a letter of intent where the provision merely prohibited soliciting proposals for a sale of the subject business, rather than communications about a potential transaction, and announcing consideration of strategic alternatives did not rise to the level of a firm solicitation.

August 13, 2024 | The American Lawyer

Deal Watch: AI Race Changes Deal Market, Influencing Capital Markets, Energy, Real Estate Practices

Simpson Thacher partner David Azarkh said the need for capital to support AI companies and those in the energy, data, infrastructure and real estate industries "will mean additional capital markets offerings."
8 minute read
August 13, 2024 | Delaware Business Court Insider

K&L Gates Expands Corporate Practice With Wilmington Partner Addition

Global law firm K&L Gates welcomed Kelly Terribile as a partner in its corporate practice in Delaware.
1 minute read
Seavitt v. N-able, Inc.
Publication Date: 2024-08-06
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Software | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Thomas Curry, Saxena White, P.A., Wilmington, DE; David Wales, Saxena White, P.A., White Plains, NY; Adam Warden, Saxena White, P.A., Boca Raton, FL; Julie Goldsmith Reiser, Richard A. Speirs, Cohen Milstein Sellers & Toll PLLC, New York, NY for plaintiff.
For defendant: Raymond J. DiCamillo, Matthew D. Perri, Nicole M. Henry, Kevin M. Kidwell, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.
Case number: 2023-0326-JTL

Governance provisions transferring authority from board to controlling investors was facially invalid where such provisions had not been incorporated into the corporate charter, as charters could not incorporate private agreements by reference without rendering them non-public and preventing stockholders from amending the charter.

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