29 Feb, 2024 Applying New Rule 23.1, Chancery Establishes Leadership Structure in Fox Derivative Litigation By K. Tyler O'Connell Alena Smith In re Fox Corp. Deriv. Litig., C.A. 2023-0418-JTL (Del. Ch. Dec. 29, 2023). The newly amended Court of Chancery Rule 23.1 identifies...
28 Feb, 2024 Chancery Denies Application for Preliminary Injunction After Finding Restrictive Covenants Arose from Breach of Fiduciary Duty By Lewis H. Lazarus Bryan Townsend Albert J. Carroll Sunder Energy, LLC v. Jackson, C.A. No. 2023-0988-JTL (Del. Ch. Nov. 22, 2023) The head of sales for a company that sold residential...
28 Feb, 2024 Third Circuit’s Appointment of Examiner in FTX Bankruptcy Cases, Case Updates By Tara Pakrouh Eric J. Monzo Brya M. Keilson We are writing to provide you with an update in the above referenced matter. There has been progress on the appointment of an examiner in...
22 Feb, 2024 Chancery Finds Wholly Generic Objections to Discovery Requests Result in Waiver and Fee-Shifting By Joseph C. Leonard K. Tyler O'Connell Bocock v. Innovate Corp., C.A. No. 2021-0224-PAF (Del. Ch. Dec. 6, 2023) In this recent letter opinion, Vice Chancellor Fioravanti...
22 Feb, 2024 Chancery Finds Defendants Were Bound by Voting Agreement to Follow Board’s Recommendation By Albert H. Manwaring IV Samuel Bashman Albert J. Carroll Texas Pacific Land Corp. v. Horizon Kinetics LLC, C.A. No. 2022-1066-JTL (Del. Ch. Dec. 1, 2023) In this post-trial opinion, the...
22 Feb, 2024 Chancery Denies Request for Mandatory Preliminary Injunction to Waive Advance Notice Bylaw and Permit Director Nominees to Stand for Election By K. Tyler O'Connell Alena Smith Paragon Tech., Inc. v. Cryan, C.A. 2023-1013-LWW (Del. Ch. Nov. 30, 2023). In Delaware, a preliminary injunction is granted “sparingly...
21 Feb, 2024 Chancery Finds that Non-Settling Defendants Waived their Right to Seek a Settlement Credit Under DUCATA By K. Tyler O'Connell Alena Smith In re Mindbody Inc. S’holder Litig., Consol. C.A. 2019-0442-KSJM (Del. Ch. Nov 15, 2023) The Delaware Uniform Contribution Among...
20 Feb, 2024 Chancery Evaluates Supplemental Disclosures to Determine the Corporate Benefit and Awards Plaintiffs a Proportional Fee By K. Tyler O'Connell Alena Smith Allen v. Harvey, C.A. No. 2022-0248-MTZ (Del. Ch. Oct. 30, 2023) Delaware cases provide guidance on the standard for evaluating the...
19 Feb, 2024 Delaware Supreme Court Affirms Busted-Deal Decision and Attorneys’ Fees for Contingency Fee Based Representation By Albert J. Carroll Barnaby Grzaslewicz Energy Transfer LP v. The Williams Companies, Inc., No. 391, 2022 (Del. Oct. 10, 2023)Busted-deal litigation is commonplace in Delaware...
15 Feb, 2024 Chancery Largely Denies Books-and-Records Inspection Exploring Dividend Potential By Albert J. Carroll Barnaby Grzaslewicz Greenlight Capital Offshore Partners, LTD., v. Brighthouse Financial Inc., C.A. No. 2022-1067-LWW (Del. Ch. Nov. 20, 2023) Valuation is a...
13 Feb, 2024 Shannon Frazier Discusses "DSTs vs. LLCs - Analyzing Strategic Considerations Across Industries to Unlock Investment Potential." By Shannon S. Frazier Webinar in Partnership with CSC Global In partnership with CSC Directors Dave Straub and Greg Daniels, Shannon Frazier spoke on the...
12 Feb, 2024 The Role of Ethics When Serving as an Expert or Legal Pundit By Eric J. Monzo American Bar Association - After the Bar Ethics are moral principles that govern a person’s behavior or activity. Lawyers are expected to...
09 Feb, 2024 Chancery Awards Mootness Fee Applying Recently Adopted Standard By Albert J. Carroll Sarah Ennis Assad v. Botha, et al., C.A. No. 2022-0691-LWW (Del. Ch. Oct. 30, 2023) Here, Vice Chancellor Will awarded a $100,000 mootness fee for...
09 Feb, 2024 Chancery Holds that LLC Agreement Did Not Confer Jurisdiction Over Contract and Tort Claims By Lewis H. Lazarus Bryan Townsend Albert J. Carroll Ramco Asset Mgmt. LLC v. USA Rare Earth, LLC, C.A. No. 2022-0665-SG (Del. Ch. Oct. 20, 2023) Plaintiffs brought claims alleging improper...
08 Feb, 2024 2023 Delaware Corporate and Commercial Case Law Year in Review By Lewis H. Lazarus Albert H. Manwaring IV Albert J. Carroll Aubrey Morin +1 more... Show less This top ten list summarizes significant decisions of the Delaware Supreme Court and the Delaware Court of Chancery over the past...
08 Feb, 2024 Morris James Headquarters Relocating in 2025 By Keith E. Donovan Sherry A. Leary CLM Dawn V. Sheiker As Morris James steps into the decade marking its 100th anniversary, a new era begins with the strategic partnership formed with Delle...