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Energy Transfer, LP v. The Williams Cos., Inc.
Publication Date: 2023-10-23
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Delaware Supreme Court
Judge: Justice Griffiths
Attorneys:
For plaintiff: James M. Yoch, Alberto E. Chávez, Young Conaway Stargatt & Taylor, Wilmington, DE; Paul D. Clement, Matthew D. Rowen, Clement & Murphy, PLLC, Alexandria, VA for appellants.
For defendant: Kenneth J. Nachbar, Susan Wood Waesco, Matthew R. Clark, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Antony L. Ryan, Kevin J. Orsini, Michael P. Addis, Cravath, Swaine & Moore LLP, New York, NY for appellee.
Case number: 391, 2022

Chancery court's determination that counterparty did not breach merger agreement was supported by record evidence demonstrating that company continued to use best efforts to consummate the merger, entitling it to reimbursement of a prior termination fee and precluding liability for a breakup fee.

Gemedy Inc. v. The Carlyle Group Inc.
Publication Date: 2023-10-16
Practice Area: Intellectual Property
Industry: E-Commerce | Investments and Investment Advisory | Software
Court: U.S. District Court of Delaware
Judge: District Judge Connolly
Attorneys:
For plaintiff: Comrie Barr Flinn, Alberto E. Chavez, Young, Conaway, Stargatt & Taylor LLP, Wilmington, DE; Mark L. D. Wawro, Max L. Tribble, Susman Godfrey, LLP, Houston, TX; Tamar Lusztig, Susman Godfrey, LLP, New York, NY for plaintiff.
For defendant: Jack B. Blumenfeld, Alexandra M. Cumings, Ryan D. Stottmann, William M. Lafferty, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Michael B. Carlinsky, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Kevin P.B. Johnson, Quinn Emanuel Urquhart & Sullivan, LLP, Redwood Shores, CA; Patrick D. Curran, Quinn Emanuel Urquhart & Sullivan, LLP, Boston, MA for defendants.
Case number: 23-157-CFC

Defendants could remove case under federal officer removal statute by alleging that it had acquired the right to use plaintiff's intellectual property via federal government contracts after the government allegedly obtained "unlimited right" to the intellectual property.

October 10, 2023 | Delaware Business Court Insider

Delaware High Court Affirms $601M Judgment in Broken Deal Over Pipeline

Justice Christopher Griffiths called the case a "perfect example" of the near inevitability of failed merger costs.
4 minute read
October 10, 2023 | Delaware Law Weekly

$601M Judgment in Broken Deal Over Pipeline Affirmed by Del. High Court

Justice Christopher Griffiths called the case a "perfect example" of the near inevitability of failed merger costs.
4 minute read
October 05, 2023 | The American Lawyer

Commercial Bankruptcy Set to Rival 2020 If Current Trends Hold

Not since the global financial crisis have large corporate bankruptcies been as common as they are this year, according to a new report by New Generation Research.
3 minute read
Rem OA Holdings, LLC v. Northern Gold Holdings, LLC
Publication Date: 2023-10-02
Practice Area: Corporate Entities
Industry:
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys:
For plaintiff: Thomas W. Briggs, Jr., Alexandra Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Michael C. Holmes, Jeffrey Crough, Thomas Mitsch, Vinson & Elkins LLP, Dallas, TX; Matthew R. Freidenberg, Vinson & Elkins LLP, New York, NY; Scott B. Czerwonka, D. Charles Vavala, III, Wilks Law, LLC, Wilmington, DE for plaintiffs.
For defendant: Martin S. Lessner, Elisabeth S. Bradley, M. Paige Valeski, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for defendant. John D. Hendershot, Matthew W. Murphy, Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE for nominal defendant.
Case number: 2022-0582-LWW

Noting that a contracting party is obligated to read any contract it signs including any documents incorporated by reference, the court denied defendant relief because it could have discovered the challenged loan terms by exercising ordinary care.

September 27, 2023 | Delaware Law Weekly

Chancery Leadership Begins Updating Rules to Address 'Huge Inconvenience' of Formatting Filings

The state judiciary announced the first round of a comprehensive update to the court's rules, an undertaking led by a subcommittee of the Court of Chancery Rules subcommittee.
4 minute read
September 27, 2023 | Delaware Business Court Insider

Rule Changes Address 'Huge Inconvenience' of Formatting Chancery Filings

The state judiciary announced the first round of a comprehensive update to the court's rules, an undertaking led by a subcommittee of the Court of Chancery Rules subcommittee.
4 minute read
September 25, 2023 | Delaware Law Weekly

DSBA to Hold Corporate Law Anniversary CLE

The Delaware State Bar Association is scheduled to hold a live event titled, "Omnicare v. NCS, A 20th Anniversary CLE" from 2 to 4 p.m. Tuesday.
2 minute read
September 13, 2023 | Delaware Business Court Insider

Here's Why a Delaware Judge Says TransPerfect's 14th Deal-Protesting Case Should Be Dismissed

Martin Russo, an attorney for TransPerfect, said he believes U.S. Magistrate Judge Jennifer L. Hall took months to come to an "erroneous reasoning" because TransPerfect had the better arguments on the merits.
5 minute read

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