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Publication Date: 2024-03-11
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Brian E. Farnan, Michael J. Farnan, Rosemary J. Piergiovanni, Farnan LLP, Wilmington, DE; A. Arnold Gershon, Michael A. Toomey, Barrack, Rodos & Bacine, New York, NY for plaintiff.
for defendant: Kevin M. Gallagher, Robert L. Burns, Richards, Layton & Finger, P.A. Wilmington, DE; Kevin G. Abrams, Peter Shindel Jr., Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Robert J. Giuffra, Jr., David M.J. Rein, Sullivan & Cromwell LLP, New York, NY for defendants.
Case Number: 2017-0354-SG
Law of the case precluded settlement objector's challenge to the adequacy of consideration where revised settlement merely deleted provisions improperly releasing future claims and the court had previously found the retained provisions fair and beneficial to the corporation and its stockholders.
Publication Date: 2024-03-11
Practice Area: Bankruptcy
Industry:
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys: For plaintiff: Ramon Moreno-Cuevas, Hartford, CT, pro se appellant.
for defendant: Robert S. Brady, Sean T. Greecher, Allison S. Mielke, Timothy R. Powell, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for appellee.
Case Number: 23-472 (MN) MEMORANDUM OPINION
Court declined to stay order confirming bankruptcy court's denial of relief from plan injunction where appellant failed to demonstrate a likelihood of success on appeal or show how the court's order altered the status quo.
Publication Date: 2024-03-11
Practice Area: Mergers and Acquisitions
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Bradley R. Aronstam, Roger S. Stronach, Benjamin M. Whitney, Ross Aronstam & Moritz LLP, Wilmington, DE; Jordan A. Goldstein, Lauren J. Zimmerman, Babak Ghafarzade, Selendy Gay PLLC, New York, NY for plaintiffs.
for defendant: Blake Rohrbacher, Matthew W. Murphy, John M. O’Toole, Edmond S. Kim, Spencer V. Crawford, Margaret Rockey, Richards, Layton & Finger, P.A., Wilmington, DE; Harry P. Susman, Susman Godfrey L.L.P., Houston, TX; Thomas W. Briggs, Jr., Kirk Andersen, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Andrew K. Glenn, Glenn Agre Bergman & Fuentes LLP, New York, NY for defendants.
Case Number: 2024-0106-LWW
Court declined to preliminarily enjoin invocation of drag-along rights where the invocation was not inconsistent with the terms of the proposed merger agreement or the minority securityholders' agreements and the minority could obtain monetary relief if the court ultimately found an improper invocation.
Publication Date: 2024-03-11
Practice Area: Securities Litigation
Industry: Health Care | Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Philip Trainer, Jr., Marie M. Degnan, Randall J. Teti, Ashby & Geddes, Wilmington, DE; Marcos D. Jimenez, Marcos D. Jimenez, P.A., Miami, FL for plaintiffs.
for defendant: Ryan P. Newell, Lakshmi A. Muthu, Tara C. Pakrouh, Michael A. Carbonara, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Heyden, Jr., Joseph E. Brenner, Gordon Rees Scully Mansukhani, LLP, Wilmington, DE for defendants.
Case Number: 2020-1004-SG
Although defendant prevailed on some claims asserted by plaintiff, plaintiff was the prevailing party in the overall litigation as the central issue in the case was the validity and enforceability of the parties' contracts, and thus plaintiff was entitled to legal fees and costs under the contractual fee-shifting provisions.
Publication Date: 2024-03-11
Practice Area: Mergers and Acquisitions
Industry: E-Commerce | Manufacturing | Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Williams
Attorneys: For plaintiff: Robert Karl Beste, III, Jason Z. Miller, Smith, Katzenstein, & Jenkins LLP, Wilmington, DE for plaintiff.
for defendant: Anthony David Raucci, Donna Lynn Culver, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendant.
Case Number: 21-1268-GBW
Retention holdback agreement breached where reasonable interpretation of definition of qualifying revenue meant that the acquiring company hit the revenue goals to trigger the payout.
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Publication Date: 2024-03-11
Practice Area: Insurance Law
Industry: Agriculture | Chemicals and Materials | Insurance
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: John D. Balaguer, Lindsey E. Imbrogno, Balaguer Milewski & Imbrogno, Wilmington, DE; Michael M. Marick, Timothy H. Wright, Skarzynski Marick & Black LLP, attorneys for appellants
for defendant: Stephen E. Jenkins, Catherine A. Gaul, Ashby & Geddes, Wilmington, DE; Dorthea W. Regal, Joshua L. Blosveren, Miriam J. Manber, Hoguet Newman Regal & Kenney, LLP, New York, NY, attorneys for appellee.
Case Number: 135, 2023
Communications threating litigation at some indefinite time in the future without identifying claimants or requesting monetary relief were insufficient to constitute a "claim for damages" that would trigger or bar liability insurance coverage.
Publication Date: 2024-03-04
Practice Area: Corporate Governance
Industry: Pharmaceuticals | Retail | Software
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Blake A. Bennett, Dean R. Roland, Cooch and Taylor, P.A., Wilmington, DE; Brian J. Robbins, Stephen J. Oddo, Eric M. Carrino, Robbins LLP, San Diego, CA; Leo Kandinov, Aaron T. Morris, Andrew W. Robertson, Morris Kandinov LLP, San Diego, CA for plaintiffs.
for defendant: A. Thompson Bayliss, Samuel D. Cordle, Caleb Volz, Abrams & Bayliss LLP, Wilmington, DE; Robert G. Jones, Jessica M. Bergin, Sara A. Bellin, Ropes & Gray LLP, Boston, MA; Martin J. Crisp, Ropes & Gray LLP, New York, NY for defendants.
Case Number: 2021-0240-LWW
Caremark claims failed where board of directors promptly responded to whistleblower action regarding the company's billing practices by overseeing the response to the DOJ's civil investigation demands and fixing the billing software to eliminate the improper practices.
Publication Date: 2024-03-04
Practice Area: Bankruptcy
Industry: Health Care | Manufacturing
Court: U.S. Bankruptcy Court
Judge: Judge Horan
Attorneys: For plaintiff:
for defendant:
Case Number: 22-10541 (TMH)
Court required pro se litigants to submit filings for court screening as a sanction for litigants' abusive litigation conduct in the form of repeated meritless pleadings and filings.
Publication Date: 2024-03-04
Practice Area: Intellectual Property
Industry: Pharmaceuticals
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys: For plaintiff: Martina Tyreus Hufnal, Douglas E. McCann, Gregory R. Boofer, Fish & Richardson P.C., Wilmington, DE; Philip K. Chen, Fish & Richardson P.C., Boston, MA; Brian Coggio, Excylyn Hardin-Smith, Fish & Richardson P.C., New York, NY; Megan A. Chacon, Madelyn McCormick, Bernard Cryan, Fish & Richardson P.C., San Diego, CA, for plaintiffs.
for defendant: John C. Phillips, Jr., David A. Bilson, Phillips McLaughlin & Hall, P.A., Wilmington, DE; Michael Nutter, McGuireWoods LLP, Chicago, IL; Corinne S. Hockman, McGuireWoods LLP, Raleigh, NC; Daniel Withers, McGuireWoods LLP, Dallas, TX; Merritt Westcott, McGuireWoods LLP, Houston, TX; Dennis D. Gregory, McGuireWoods LLP, Austin, TX for defendants.
Case Number: 22-434-RGA
Court rejected proposed claim construction for testing method where patent language had failed to establish lexicography or disavowal to require specific test conditions.
Publication Date: 2024-03-04
Practice Area: Products Liability
Industry: Electronics | Manufacturing | Retail
Court: Delaware Superior Court
Judge: Judge Wharton
Attorneys: For plaintiff: David C. Malatesta, Jr., Shelsby & Leoni, Wilmington, DE for plaintiff.
for defendant: Donald M. Ransom, Daniel P. Daly, Casarino Christman Shalk Ransom & Doss, P.A., Wilmington, DE; Christopher T. Logullo, Cobb & Logullo, Wilmington, DE for defendants.
Case Number: N23C-03-193 FWW
Court dismissed case where plaintiff was on inquiry notice that retaining or using product constituted agreement to binding arbitration with manufacturer, with the arbitration agreement delegating questions of arbitrability to the arbitrator.
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