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Publication Date: 2024-05-20
Practice Area: Mergers and Acquisitions
Industry: Biotechnology
Court: Delaware Superior Court
Judge: Judge Rennie
Attorneys: For plaintiff: James M. Yoch, Jr., Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Brian Massengill, Matthew C. Sostrin, Mayer Brown LLP, Chicago, IL for plaintiffs.
for defendant: Rudolf Koch, Travis S. Hunter, Puja A. Upadhyay, Jessica E. Blau, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.
Case Number: N23C-10-067
Plaintiffs could not exercise attorney-client privilege over sell-side emails where the merger agreement expressly contemplated that privilege would remain with the sellers, including defendants.
Publication Date: 2024-05-20
Practice Area: Corporate Governance
Industry: Entertainment and Leisure | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrew J. Peach, Christopher P. Quinn, Jackson E. Warren, Andrews & Springer LLC, Wilmington, DE; Ned Weinberger, Casimir O. Szustak, Labaton Sucharow LLP, Wilmington, DE; Jeremy S. Friedman, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; John Vielandi, Joshua M. Glasser, Labaton Keller Sucharow LLP, New York, NY; D. Seamus Kaskela, Adrienne Bell, Kaskela Law LLC, Newtown Square, PA for plaintiffs.
for defendant: Brian C. Ralston, Charles R. Hallinan, Potter Anderson & Corroon LLP, Wilmington, DE; Andrew R. Gray, Ryan A. Walsh, Natasha Pardawala, Latham and Watkins LLP, Costa Mesa, CA; R. Judson Scaggs, Jr., Susan W. Waesco, Kirk C. Andersen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Dean Kristy, Fenwick & West LLP, San Francisco, CA; Felix S. Lee, Fenwick & West LLP, Mountain View, CA for defendants.
Case Number: 2023-0396-SG
Breach of fiduciary duty claims failed where plaintiffs failed to allege facts demonstrating that defendants took actions that were to the company's detriment or that interfered with the board's special committee's negotiations for a self-tender.
Publication Date: 2024-05-20
Practice Area: Labor Law
Industry: Education | State and Local Government
Court: Delaware Superior Court
Judge: Judge Winston,
Attorneys: For plaintiff: Jalisa White, pro se appellant.
for defendant: Matthew B. Frawley, Delaware Department of Justice for appellee.
Case Number: N23A-08-004 PAW
Unemployment Insurance Appeal Board did not abuse discretion in declining to hear untimely appeal of benefits determination where claimant was not precluded from filing a timely appeal.
Publication Date: 2024-05-20
Practice Area: Insurance Law
Industry: Energy | Insurance
Court: Delaware Superior Court
Judge: Judge Rennie
Attorneys: For plaintiff: Brian M. Rostocki, Anne M. Steadman, Reed Smith LLP, Wilmington, DE; Carolyn H. Rosenberg, Reed Smith LLP, Chicago, IL; Stephen T. Raptis, Reed Smith LLP, Washington, DC for plaintiffs.
for defendant: David J. Soldo, Morris James LLP, Wilmington, DE; Michael D. Margulies, Charles W. Strotter, Carlton Fields, P.A., New York, NY; Jennifer C. Jauffret, Puja A. Upadhyay, Richards, Layton & Finger, P.A., Wilmington, DE; Courtney E. Scott, Tressler LLP, New York, NY; Robert J. Katzenstein, Julie M. O’Dell, Smith, Katzenstein & Jenkins LLP; Kevin M. Mattessich, Kevin Windels, Kaufman Dolowich Voluck, New York, NY; Bruce E. Jameson, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE, James T. Sandnes, Skarzynski Marick & Black LLP, New York, NY; Krista M. Reale, Margolis Edelstein, Wilmington DE; Michael F. Perlis, Kaufman Borgeest & Ryan LLP, Woodland Hills, CA; Patrick Stoltz, Kaufman Borgeest & Ryan LLP, Valhalla, NY; Shaun Michael Kelly, Jarrett W. Horowitz, Sara A. Barry, Connolly Gallagher LLP, Wilmington, DE; James K. Thurston, Wilson Elser, Chicago, IL; Daniel E. Tranen, Wilson Elser, St. Louis, MO; Erik J. Tomberg, Wilson Elsner, Raleigh, NC; Thaddeus J. Weaver, Dilworth Paxson LLP, Wilmington, DE; Michael J. Smith, Bryan W. Petrilla, Stewart Smith, West Conshohocken, PA; Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for defendants.
Case Number: N23C-07-102
No action clause in D&O insurance policy was enforceable and precluded insured from filing legal action against the insurer until the insured's financial obligations were fixed in an underlying litigation.
Publication Date: 2024-05-13
Practice Area: Mergers and Acquisitions
Industry: Financial Services and Banking | Consumer Products | Health Care
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys: For plaintiff: Christopher P. Simon, Kevin S. Mann, Cross & Simon, LLC, Wilmington, DE for petitioner.
for defendant: Ronald N. Brown, III, Daniel P. Klusman, DLA Piper LLP, Wilmington, DE; Steven L. Caponi, Matthew B. Goeller, Megan E. O’Connor, K&L Gates LLP, Wilmington, DE; Thomas R. DeCesar, K&L Gates LLP, Harrisburg, PA for respondents.
Case Number: N23C-09-178 MAA CCLD
Plaintiff became solely responsible for escrow agent's legal fees and costs when she refused agent's request to interplead escrow funds and terminate its involvement in the dispute, where the parties' escrow agreement expressly contemplated the agent's non-involvement in disputes over escrow funds.
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Publication Date: 2024-05-13
Practice Area: Contracts
Industry: Manufacturing | Pharmaceuticals
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys: For plaintiff: Jesse L. Noa, P. Andrew Smith, Potter Anderson & Corroon LLP, Wilmington, DE; Scott W. Atherton, Terence M. Mullen, Atherton Galardi Mullen & Reeder PLLC, West Palm Beach, FL for plaintiff.
for defendant: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Julia Chapman, Stefanie A. Tubbs, Forrest E. Lovett, Dechert LLP, Philadelphia, PA for defendant.
Case Number: N22C-06-078-EMD CCLD
Court denied claim for contract reformation based on mistake where claimant merely sought to revise an unfavorable deal, although reformation was only meant to fix written contracts that failed to comport with the parties' mutual understanding of their agreement.
Publication Date: 2024-05-13
Practice Area: Personal Injury
Industry: Investments and Investment Advisory
Court: Delaware Superior Court
Judge: Judge Rennie
Attorneys: For plaintiff: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Thomas A. Clare, Jered T. Ede, Clare Locke LLP, Alexandria, VA for plaintiff.
for defendant: Rudolf Koch, Sara M. Metzler, Richards, Layton & Finger, P.A., Wilmington, DE; John C. Hueston, Alison L. Plessman, Samantha Fidler, Adam Minchew, Nicholas Kellum, Hueston Hennigan LLP, Los Angeles, CA, & New York, NY for defendant.
Case Number: N23C-10-005 SKR
Court dismissed defamation action arising out of employment relationship pursuant to forum selection clause in the employment agreement.
Publication Date: 2024-05-13
Practice Area: Mergers and Acquisitions
Industry: Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Richard L. Renck, Mackenzie M. Wrobel, Duane Morris LLP, Wilmington, DE; John Soroko, Wayne A. Mack, Michael J. Rinaldi, Jessica Priselac, Duane Morris, Philadelphia, PA for plaintiffs.
for defendant: J. Matthew Belger, Kevin R. Shannon, Potter Anderson & Corroon LLP, Wilmington, DE; Jay P. Lefkowitz, P.C., Devora Allon, P.C., John P. Del Monaco, Alexandra I. Russell, Kirkland & Ellis LLP, New York, NY for defendants.
Case Number: 2018-0075-SG
Court granted judgment for defendants on plaintiffs' breach of merger agreement claim where record indicated defendants undertook commercially reasonable efforts to develop pharmaceutical treatment and reasonably abandoned development when testing indicated that commercialization would not result in a reasonable profit.
Publication Date: 2024-05-13
Practice Area: Mergers and Acquisitions
Industry: E-Commerce | Health Care | Investments and Investment Advisory
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Ned Weinberger, Brendan W. Sullivan, Labaton Sucharow LLP, Wilmington, DE; John Vielandi, Labaton Sucharow LLP, New York, NY; Jeremy Friedman, David Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; Lee D. Rudy, Eric L. Zagar, J. Daniel Albert, Geoffrey C. Jarvis, Grant D. Goodhart, III, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for appellants.
for defendant: Raymond J. DiCamillo, Kevin M. Gallagher, Craig K. Ferrere, Richards, Layton & Finger, P.A., Wilmington, DE; William M. Lafferty, Ryan D. Stottmann, Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Blair Connelly, Latham & Watkins LLP, New York, NY; Kristin N. Murphy, Ryan A. Walsh, Latham & Watkins LLP, Costa Mesa, CA for appellees.
Case Number: 2022-0698
Court reversed dismissal of action challenging corporate acquisition where proxy statement failed to disclose advisors' conflicts of interest and erroneously described the advisors' roles in the transaction.
Publication Date: 2024-05-13
Practice Area: Bankruptcy
Industry: Investments and Investment Advisory
Court: U.S. Court of Appeals for the Third Circuit
Judge: Judge Chagares
Attorneys: For plaintiff:
for defendant:
Case Number: 23-2549
Settlement agreement arising from bankruptcy mediation did not evidence the parties' intent to waive confidentiality protections under local bankruptcy rules.
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