29 Jan, 2021 Morris James Welcomes Two Corporate Litigation Attorneys By Barnaby Grzaslewicz Morris James is pleased to welcome Christopher Quinn and Barnaby Grzaslewicz to its Corporate and Commercial Litigation Group. The...
26 Jan, 2021 Chancery Analogizes to Bylaw Provisions to Conclude that Noteholder was Bound to Forum Selection Clause in Amended Note By K. Tyler O'Connell Mack v. Rev Worldwide, Inc., C.A. No. 2019-0123-MTZ (Del. Ch. Dec. 30, 2020) Plaintiff loaned defendant $2.5 million through six secured...
26 Jan, 2021 Superior Court Dismisses Tortious Interference with Contract Claim against Corporate Officer By Lewis H. Lazarus K. Tyler O'Connell American Bottling Co. v. Repole, C.A. No. N19C-03-048 AML CCLD (Del. Super. Dec. 30, 2020) This case illustrates that a Delaware court...
25 Jan, 2021 Chancery Excuses Demand Where General Partner and its Controller Faced Substantial Likelihood of Liability By R. Eric Hacker K. Tyler O'Connell Lipman v. GBP Capital Holdings, LLC, C.A. No. 2020-0054-SG (Del. Ch. Nov. 18, 2020) In derivative actions, a plaintiff must either make a...
22 Jan, 2021 Chancery Grants Books and Records Mismanagement Inspection Related to Rejected Financing Proposal Despite Potential Lack of Actionable Claim By Lewis H. Lazarus Albert J. Carroll Alexandria Venture Investments LLC v. Verseau Therapeutics Inc., C.A. No. 2020-0593-PAF (Del. Ch. Dec. 18, 2020) This case highlights...
22 Jan, 2021 Chancery Upholds Claim that CEO Breached Her Duty of Care Relating to a Misleading Proxy Statement By Lewis H. Lazarus K. Tyler O'Connell City of Warren General Employees’ Retirement System v. Roche, C.A. No. 2019-0740-PAF (Del. Ch. Nov. 30, 2020) This case illustrates that...
22 Jan, 2021 Superior Court CCLD Grants Anti-Suit Injunction By Albert J. Carroll American International Industries v. The Neslemur Company, C.A. No. N19C-04-258 MMJ CCLD (Del. Super. Dec. 10, 2020) Anti-suit...
22 Jan, 2021 Superior Court CCLD Awards Sanctions For Unprepared Rule 30(b)(6) Deponent By Albert J. Carroll Fortis Advisors, LLC v. Dematic Corp., C.A. No. N18C-12-104 AML [CCLD] (Del. Super. Nov. 18, 2020) As this decision illustrates, Delaware...
22 Jan, 2021 Chancery Dismisses First-Filed Action Involving Delaware Choice of Law and Forum Selection Clause for Forum Non Conveniens By Kirsten A. Zeberkiewicz Albert J. Carroll Focus Fin. Partners, LLC v. Holsopple, C.A. No. 2020-0188-JTL (Del. Ch. Nov. 2, 2020) Defendant moved on forum non conveniens grounds to...
22 Jan, 2021 Chancery Sustains Complaint for Breach of Fiduciary Duty against Viacom Controllers By Lewis H. Lazarus K. Tyler O'Connell In re Viacom Inc. Stockholders Litig., C.A. No. 2019-0948-JRS (Del. Ch. Dec. 29, 2020), as corrected (Dec. 30, 2020) This case...
21 Jan, 2021 Chancery Declines to Order Specific Performance of $5.8 Billion Luxury Hotel Deal Scuttled by COVID-19 Changes to Hotel Business Operations By Albert H. Manwaring IV Bryan Townsend K. Tyler O'Connell AB Stable VIII LLC v. MAPS Hotels and Resorts One LLC, C.A. No. 2020-0310-JTL (Del. Ch. Nov. 30, 2020) Parties to a sale and purchase...
21 Jan, 2021 Delaware Superior Court Applies Law-of-the-Case Doctrine and Collateral Estoppel to a Prior Chancery Proceeding By Albert H. Manwaring IV Bryan Townsend Albert J. Carroll Preston Hollow Capital LLC v. Nuveen LLC, C.A. No. N19C-10-107-MMJ [CCLD] (Del. Super. Dec. 15, 2020) Plaintiff and defendants competed...
21 Jan, 2021 Chancery Dismisses Derivative Action for Failure to Plead Demand Futility Despite Unocal Enhanced Scrutiny By Kirsten A. Zeberkiewicz K. Tyler O'Connell Gottlieb v. Duskin, C.A. No. 2019-0639-MTZ (Del. Ch. Nov. 20, 2020) Defendants moved to dismiss a derivative action for failure to plead...
20 Jan, 2021 Chancery Finds Company Responsible for Advancing Costs of Defense to Its CEO in a Claim Brought by the Company By K. Tyler O'Connell International Rail Partners LLC v. American Rail Partners, LLC, C.A. No. 2020-0177-PAF (Del. Ch. Nov. 24, 2020) The Delaware Limited...
19 Jan, 2021 Chancery Dismisses Action For Plaintiffs’ Failure to Join Indispensable Parties By K. Tyler O'Connell Germaninvestments AG and Richard Herrling, individually and on behalf of AHMR GmbH v. Allomet Corporation and Yanchep LLC, C.A. No....
19 Jan, 2021 Chancery Grants Leave to Move for Fees for Overly Aggressive Books and Records Defenses By Lewis H. Lazarus K. Tyler O'Connell Pettry v. Gilead Sciences, Inc., C.A. No. 2020-0132-KSJM (Del. Ch. Nov. 24, 2020) This case illustrates that the Court of Chancery will...