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In re Oracle Corp. Derivative Litig.
Publication Date: 2023-05-30
Practice Area: Mergers and Acquisitions
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Joel Friedlander, Jeffrey M. Gorris, David Hahn, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Nashville, TN; Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiffs.
For defendant: Blake Rohrbacher, Susan M. Hannigan, Richards, Layton & Finger, P.A., Wilmington, DE; Elena C. Norman, Richard J. Thomas, Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Latham & Watkins LLP, San Francisco, CA; Blair Connelly, Latham & Watkins LLP, New York, NY for defendants.
Case number: 2017-0337-SG

Corporate founder who retained a quarter stake of the company and served as a director and officer did not attempt to use his influence to drive acquisition of another company in which he also held an interest, such that the board's appointment of a special committee to negotiate the acquisition meant that the transaction did not need to be reviewed under entire fairness.

VMware, Inc. v. Wood
Publication Date: 2023-05-30
Practice Area: Labor Law
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys:
For plaintiff: Elena C. Norman, Elisabeth S. Bradley, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Arturo J. González, Shaelyn K. Dawson, Camille Framroze, Meredith L. Angueira, Morrison & Foerster LLP, San Francisco, CA for plaintiff.
For defendant: Kasey H. DeSantis, Nathan D. Barillo, Fox Rothschild LLP, Wilmington, DE; Neil A. Capobianco, Fox Rothschild LLP, New York, NY for defendant.
Case number: 2022-0820-PAF

Former employee lacked right to enforce repurchase option where his stock options and unvested stock were cancelled in connection with his employer's acquisition in exchange for the right to payments from the acquiring company that would terminate if the employee left the acquirer's employ.

May 22, 2023 | Delaware Law Weekly

Young Conaway Wilmington Associate Receives Award for Exemplary Pro Bono Services

Young Conaway Stargatt & Taylor announced that Wilmington-based associate Travis G. Maurer received the 2022 William F. Taylor Award during the firm's recent retreat.
2 minute read
May 19, 2023 | Delaware Business Court Insider

Latham Defends Oracle's $9.3B NetSuite Deal In Chancery Court Trial

Peter Wald, Blair Connelly and their team at Latham & Watkins defended Oracle founder Larry Ellison and co-CEO Safra Catz from shareholder derivative claims stemming from Ellison's position as a major stakeholder at both companies.
13 minute read
May 19, 2023 | Litigation Daily

Litigators of the Week: In Delaware Chancery Trial, Latham Defends Oracle's $9.3B NetSuite Deal

Peter Wald, Blair Connelly and their team at Latham & Watkins defended Oracle founder Larry Ellison and co-CEO Safra Catz from shareholder derivative claims stemming from Ellison's position as a major stakeholder at both companies.
12 minute read
Law Journal Press | Digital Book Florida Construction Defect Litigation 2022 Authors: Gary L. Brown View this Book

View more book results for the query "Young Conaway Stargatt"

May 16, 2023 | Delaware Business Court Insider

Oracle's $9 Billion NetSuite Acquisition Process Affirmed in Chancery

Vice Chancellor Glasscock determined that while Larry Ellison's position as a shareholder for both companies made him a conflicted director, he and Oracle CEO Safra Catz, both represented by Latham & Watkins and Young Conaway Stargatt & Taylor, didn't interfere with the committee that evaluated the deal.
2 minute read
May 16, 2023 | The Recorder

Oracle's $9B NetSuite Acquisition Process Affirmed in Chancery

Vice Chancellor Glasscock determined that while Larry Ellison's position as a shareholder for both companies made him a conflicted director, he and Oracle CEO Safra Catz, both represented by Latham & Watkins and Young Conaway Stargatt & Taylor, didn't interfere with the committee that evaluated the deal.
2 minute read
May 08, 2023 | Delaware Law Weekly

Young Conaway Partner Selected as Executive Director at Penn Carey Law

Young Conaway Stargatt & Taylor announced that partner Norman M. Powell has been selected as executive director of the Institute for Law and Economics at the University of Pennsylvania Carey Law School.
2 minute read
May 03, 2023 | Delaware Law Weekly

$84M Awarded to Cloud Infrastructure Company for Willful Patent Infringement

A 2020 verdict was vacated because one plaintiff didn't have the authority to assert patents, a court said.
2 minute read
May 03, 2023 | Delaware Business Court Insider

Cloud Infrastructure Company Awarded $84M for Willful Patent Infringement

A 2020 verdict was vacated because one plaintiff didn't have the authority to assert patents, a court said.
2 minute read

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