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Lynx Whole Loan Acquisition LLC v. Nationstar Mortgage, LLC

Publication Date: 2024-12-17
Practice Area: Contracts
Industry: Financial Services and Banking
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Bradley R. Aronstam, Garrett B. Moritz, Reiko Rogozen, Anthony Calvano, Ross Aronstam & Moritz LLP, Wilmington, DE; David M. Grable, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA; Manisha M. Sheth, Wing F. Ng, Alex Zuckerman, Jeffrey C. Arnier, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Veronica B. Bartholomew, Quinn Emanuel Urquhart & Sullivan, LLP, Wilmington, DE for plaintiff.
for defendant: Daniel A. Mason, Elizabeth Wang, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Richard Jacobsen, Thomas Kidera, Orrick Herrington & Sutcliffe LLP, New York, NY for defendant.
Case Number: 2022-1203-LWW

Purchaser of mortgage loans is entitled to damages where seller, who stayed on as servicer, breached representations and warranties regarding the status of some of the sold loans and failed to process distressed loans under applicable federal regulations, although seller was entitled to reimbursement of its expended servicing advances minus self-help it engaged in.

Fisher v. Sanborn

Publication Date: 2021-04-14
Practice Area: Corporate Governance
Industry: Financial Services and Banking | E-Commerce | Investments and Investment Advisory
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Brian J. Robbins, Stephen J. Oddo, Emily R. Bishop, Robbins LLP, San Diego, CA for plaintiff.
for defendant: A. Thompson Bayliss, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; James N. Kramer, Alexander K. Talarides, Orrick Herrington & Sutcliffe LLP, San Francisco, CA for defendants.
Case Number: D69359

Derivative complaint dismissed for failure to make pre-suit demand where lack of evidence that a majority of directors acted knowingly and deliberately in permitting the company to violate consumer protection laws or providing false and misleading information to the public meant that directors were exculpated from bad faith claims and therefore faced no substantial likelihood of personal liability and could independently evaluate a litigation demand.

250ok, Inc. v. Message Sys., Inc.

Publication Date: 2021-02-10
Practice Area: Intellectual Property
Industry: E-Commerce
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: James P. Hughes, Jr., Lauren Dunkle Fortunato, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Matthew T. McLaughlin, Kacey Houston Walker, Nixon Peabody LLP, Boston, MA for plaintiff.
for defendant: Ryan D. Stottmann, Sarah P. Kaboly, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Clement S. Roberts, Nathan Shaffer, Orrick, Herrington & Sutcliffe LLP, San Francisco, CA for defendant.
Case Number: D69286

Claim of unjust enrichment arising from facts alleging misappropriation of trade secrets was preempted by the Delaware Uniform Trade Secret Act, which displaced all claims providing a remedy of restitution.

Tilden v. Cunningham

Publication Date: 2018-11-07
Practice Area: Corporate Governance
Industry: E-Commerce | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Chad J. Toms, Kaan Ekiner, Whiteford, Taylor & Preston LLC, Wilmington, DE; Ian S. Birk, Keller Rodr-back, L.L.P. Seattle, WA; Chelsea L. Mam, David M. Simmonds of Gordon Tilden Thomas & Cordell, Se-attle, WA, attorneys for plaintiff.
for defendant: A. Thompson Bayliss, Michael A. Barlow, Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; Daniel J. Dunne, Orrick, Herrington & Sutcliffe LLP, Seattle, WA, attorneys for defendants Cunningham, Chung, Dunn, Hooper, Huebner, Waters and Zappone. D. McKinley Measley, Lauren Neal Bennett, Mor-ris Nichols, Arsht & Tunnell LLP, Wilmington, DE; Cristopher B. Durbin, Jeff Lombard, Cooley LLP, Se-attle, WA, attorneys for defendant Ruckelshaus. Rudolf Koch, Diana M. Joskowicz of Richards, Layton & Finger, P.A., Wilmington, DE; Paul H. Beattie, Rimon P.C., Seattle, WA, attorneys for defendant GCA Advisors, LLC. Garrett B. Moritz, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Peter L. Simmons, Michael P. Sternheim, Fried, Frank, Harris Shriver & Jacobson LLP, New York, NY, attorneys for defendants Cambridge Information Group, Snyder and Allen. Bradley D. Sorrels, Lori W. Will, An-drew D. Berni, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Barry M. Kaplan, Gregory L. Watts of Wilson Sonsini Goodrich & Rosati, P.C., Seattle, WA, attorneys for nominal defendant Blu-cora, Inc.
Case Number: D68350

Plaintiff in this derivative action failed to demonstrate demand futility, and even if he had, the court concluded he did not state a claim on which relief could be granted.

Landesbank Baden-Wurttemberg v. Walton Seattle Mezz Holdings VI-B, L.L.C., DEFAX Case No. D65517 (Del. Ch. April 1, 2013) Glasscock, V.C. (29 pages).

Publication Date: 2013-05-01
Practice Area:
Industry:
Court: Delaware Court of Chancery
Judge:
Attorneys: For plaintiff:
for defendant:
Case Number: D65517