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  • Terrell v. Kiromic Biopharma, Inc.

    Publication Date: 2025-02-04
    Practice Area: Corporate Governance
    Industry: Biotechnology | Consulting
    Court: Delaware Supreme Court
    Judge: Justice LeGrow
    Attorneys: For plaintiff: Scott James Leonhardt, The Rosner Law Group LLC, Wilmington, DE; Alexander Klein, Donna Aldea, Barket Epstein Kearon Aldea & Loturco, LLP, Garden City, NY for appellant.
    for defendant: Laurence V. Cronin, Kelly A. Green, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Robert S. Friedman, Joshua Schlenger, Katherine Anne Boy Skipsey, Sheppard, Mullin, Richter & Hampton LLP, New York, NY for appellee.
    Case Number: 131, 2024

    Chancery court erroneously dismissed complaint for specific performance of stock option agreements where there were multiple reasonable interpretations as to whether the parties' latest agreement included a waiver of options from prior agreements.

  • Straine DM Holdings LLC v. Breault

    Publication Date: 2025-02-04
    Practice Area: Mergers and Acquisitions
    Industry: Consulting | Health Care
    Court: Delaware Superior Court
    Judge: Judge Medinilla
    Attorneys: For plaintiff: Travis S. Hunter, Jessica E. Blau, Richards, Layton & Finger, P.A., Wilmington, DE; Brandon C. Hubbard, Max A. Aidenbaum, Dickinson Wright PLLC, Lansing, MI for plaintiff.
    for defendant: R. Joseph Hrubiec, Post & Schell, P.C., Wilmington, DE; Alfred DiVincentis, Halloran Sage LLP, Hartford, CT for defendant.
    Case Number: N24C-02-049 VLM CCLD

    Court declined to dismiss breach of oral contract and promissory estoppel claims where there was sufficient evidence of a genuine promise of employment and claimant reasonably relied on such promises as the company held claimant out as an onboarding officer to prospective investors; there was also a genuine issue of material fact regarding whether company's conduct caused claimant to withdraw from the parties' deal.

  • Valhalla Partners II L.P. v. Vistar Media, Inc.

    Publication Date: 2025-02-04
    Practice Area: Creditors' and Debtors' Rights
    Industry: Advertising | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Steven L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE for plaintiff.
    for defendant: Rudolf Koch, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.
    Case Number: 2019-0202-SG

    Court declined to grant relief in equity where there was no evidence that defendant had made a definite promise, through statements or actions, to plaintiffs that defendant would undergo an equity financing that would trigger conversion of plaintiffs' notes into equity, and the express terms of the notes required repayment in cash at maturity.

  • Pacira Biosciences, Inc. v. Fortis Advisors LLC

    Publication Date: 2025-02-04
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Lisa A. Schmidt, Raymond J. DiCamillo, Kevin M. Kidwell, Richards, Layton & Finger, P.A., Wilmington, DE; Anne Champion, Zainab Ahmad, Timothy Sun, Maya Danaher, Gibson, Dunn & Crutcher LLC, New York, NY for plaintiffs.
    for defendant: Lauren K. Neal, Courtney Kurz, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Christopher J. Marino, Taylor P. Lovejoy, Davis Malm & D’Agostine, P.C., Boston, MA for defendant.
    Case Number: 2020-0694-PAF

    Court granted declaratory judgment for plaintiffs where extrinsic evidence demonstrated that the parties intended to use national reimbursement rates and for alternative CPT codes to only apply when used and effective for acquired company's product.

  • Caribbean Sun Airlines Inc. v. Halevi Enter. LLC

    Publication Date: 2025-02-04
    Practice Area: Creditors' and Debtors' Rights
    Industry: Financial Services and Banking | Consulting | Transportation
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: David B. Anthony, Zachary J. Schnapp, Berger McDermott LLP, Wilmington, DE; Brian Gottesman, Gabell Beaver LLC, Wilmington DE; M. Jane Brady, Theodore A. Kittila, Halloran Farkas & Kittila LLP, Wilmington, DE; Alexander Angueira, Aileen Carpenter, Carpenter Law, PLLC, Miami Beach, FL for appellants.
    for defendant: Kevin S. Mann, Christopher P. Simon, Cross & Simon, LLC, Wilmington, DE for appellee.
    Case Number: 199, 2024

    Trial court erred in finding apparent authority based solely on the purported agent's conduct to the exclusion of any conduct or representations by either principal.

  • In re Oracle Corp. Derivative Litig.

    Publication Date: 2025-02-04
    Practice Area: Mergers and Acquisitions
    Industry: Software | Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, David Hahn, Friedlander & Gorris, P.A., Wilmington, DE; Christopher H. Lyons, Tayler D. Bolton, Robbins Geller Rudman & Dowd LLP, Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Gregory Del Gaizo, Robbins LLP, San Diego, CA for appellants.
    for defendant: 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; Melissa Arbus Sherry, Christopher S. Turner, Blake E. Stafford, Latham & Watkins LLP, Washington, D.C.; Kevin R. Shannon, Berton W. Ashman, Jr., Potter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses III, Jonathan M. Wagner, Kramer Levin Naftalis & Frankel LLP, New York, NY for appellees.
    Case Number: 139, 2024

    Chancery court correctly rejected derivative claims where there was insufficient evidence to conclude that defendant company's founder qualified as a controller with a conflict of interest as a major stockholder of the target company, as founder did not exercise undue influence over the board nor did he interfere with special committee's evaluation of the transaction.

  • Scarabee Holdings, LLC v. 4301 Operations, LLC

    Publication Date: 2025-02-04
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Andrew H. Sauder, Dailey LLP, Wilmington, DE for plaintiff.
    for defendant: Sean J. Bellew, Bellew LLC, Wilmington, DE for defendants.
    Case Number: 2022-1207-MTZ

    Court awarded default judgment to plaintiff as a sanction for defendants' affirmative misrepresentations, supported by falsified documents, regarding facts material to the central issue in the case.

  • In re Facebook Inc. Derivative Litig.

    Publication Date: 2025-02-04
    Practice Area: Evidence
    Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Justin O. Reliford, Scott+Scott, Wilmington, DE; Maxwell R. Huffman, Scott+Scott, San Diego, CA; Donald A. Broggi, Jing-Li Yu, Scott+Scott, New York, NY; Geoffrey M. Johnson, Scott+Scott, Cleveland Heights, OH; Frederic S. Fox, Hae Sung Nam, Donald Hall, Aaron Schwartz, Kaplan Fox & Kilsheimer LLP, New York, NY; Kevin H. Davenport, Samuel L. Closic, John G. Day, Stacey A. Greenspan, David C. Skoranski, Kirsten M. Valania, Seth T. Ford, Prickett, Jones & Elliott, P.A., Wilmington, DE; Frank R. Schirripa, Daniel B. Rehns, Kurt M. Huciker, Kathryn A. Hettler, Scott R. Jacobsen, Hach Rose Schirripa & Cheverie LLP, New York, NY; Thaddeus J. Weaver, Dilworth Paxson LLP, Wilmington, DE; Catherine Pratsinakis, Dilworth Paxson LLP, Philadelphia, PA; Thomas J. McKenna, Gregory M. Egleston, Gainey McKenna & Egleston, New York, NY; Peter B. Andrews, Craig J. Springer, David M. Sborz, Jacob D. Jeifa, Andrews & Springer, Wilmington, DE; Brian J. Robbins, Stephen J. Oddo, Gregory E. Del Gaizo, Robbins LLP, San Diego, CA; Joseph W. Cotchett, Mark Molumphy, Tyson Redenbarger, Gia Jung, Cochett Pitre & McCarthy LLP, Burlingame, CA; Joseph J. Tabacco, Jr., Daniel E. Barenbaum, Berman Tabacco, San Francisco, CA for plaintiffs.
    for defendant: Kevin R. Shannon, Berton W. Ashman, Jr., Callan R. Jackson, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE; William Savitt, Ryan McLeod, Anitha Reddy, Stephen D. Levandoski, Iliria Camaj, Tobias Kuehne, Wachtell, Lipton, Rosen & Katz, New York, NY for defendants.
    Case Number: 2018-0307-JTL

    Court sanctioned one defendant for failing to preserve electronically stored information after a litigation hold and refusing to detail the steps she took to preserve data, but declined to sanction another defendant who established that any lost information was likely unresponsive to plaintiffs' discovery requests.

  • Gener8, LLC v. Castanon

    Publication Date: 2025-01-28
    Practice Area: Mergers and Acquisitions
    Industry: Health Care | Legal Services | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: Jonathan M. Stemerman, Armstrong Teasdale, LLP, Wilmington, DE for plaintiff.
    for defendant: Kurt M. Heyman, Jamie L. Brown, Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for defendant.
    Case Number: 2022-0426-LWW

    Court granted plaintiffs' prevailing party fee request, even though it was nearly 30 times the damages award, where defendant's litigation conduct significantly complicated the case and required extensive efforts by plaintiffs' counsel.

  • Zicherman v. Univ. of Delaware

    Publication Date: 2025-01-28
    Practice Area: Personal Injury
    Industry: Education
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Caitlin Elizabeth Andrews, McAndrews Law Offices, P.C., Wilmington, DE; Michael A. Cancelliere, Jr., Nass Cancelliere, Philadelphia, PA for plaintiff.
    for defendant: Marisa R. De Feo, James Darlington Taylor, Jr., Juliana G. Clifton, Saul Ewing Arnstein & Lehr LLP Wilmington, DE for defendants.
    Case Number: 24-00162-RGA

    Court declined to dismiss negligence/recklessness claims where plaintiff sufficiently alleged defendants' failure to appropriately hire, train, and supervise that potentially amounted to gross negligence, precluding defendants' assertion of qualified immunity under the Delaware Tort Claims Act.