• Flood v. Synutra Int'l, Inc.

    Publication Date: 2018-10-24
    Practice Area: Corporate Governance | Mergers and Acquisitions | Securities Litigation
    Industry: Food and Beverage
    Court: Delaware Supreme Court
    Judge: Justice Strine
    Attorneys: For plaintiff: Ryan M. Ernst, Daniel P. Murray,O'Kelly Ernst & Joyce, LLC, Wilmington, DE; Donald J. Enright, Eliza-beth K. Tripodi, Levi & Korsinsky, LLP, Washington, D.C., attorneys for plaintiff
    for defendant: Matthew E. Fischer, Matthew R. Dreyfuss, Potter Anderson & Corroon LLP, Wilmington, DE; Roger A. Cooper, Rishi N. Zutshi, Vanessa C. Richardson, Hana Choi, Cleary Gottlieb Steen & Hamilton LLP, New York, NY, attorneys for defendants Synutra, Jinrong Chen, Lei Lin and Yalin Wu; William M. Laf-ferty, John P. DiTomo, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Lawrence Portnoy, Re-becca L. Martin, Davis Polk & Wardwell LLP, New York, NY, for defendants Liang Zhang, Xiuqing Meng and Beams Power Investment Ltd.

    Case Number: D68329

    The business judgment rule applied, even though a controller's initial offer did not contain the required condi-tions, because he provided a second letter containing those conditions prior to any action by the special com-mittee.

  • Delaware State Sportsmen's Ass'n v. Garvin

    Publication Date: 2018-10-24
    Practice Area: Constitutional Law
    Industry:
    Court: Delaware Superior Court
    Judge: Judge Clark
    Attorneys: For plaintiff: Francis G. X. Pileggi, Eckert Seamans Cherin & Mellott, LLC, Wilmington, DE; Jamie L. Inferrera, Eckert Seamans Cherin & Mellott, LLC, Pittsburgh, PA, attorneys for plaintiffs
    for defendant: Ralph K. Durstein, III and Devera B. Scott, Deputy Attorneys General, Delaware Department of Justice, Dover, DE, attorneys for defendants.

    Case Number: D68328

    Regulations on firearm possession in state parks were partially unconstitutional where they infringed upon right to open carry for self-defense and gave law enforcement unfettered discretion to require identification and permits without reasonable suspicion of criminal activity.

  • Delaware Bd. of Nursing v. Francis

    Publication Date: 2018-10-17
    Practice Area: Administrative Law | Health Care Law | Regulation
    Industry: Health Care
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Carla A.K. Jarosz, attorney for appellant
    for defendant: Daniel A. Griffith, attorney for appellees.

    Case Number: D68318

    State not obligated to prove that nurse's breach of professional standards also caused harm to a patient or the public to impose discipline for violations.

  • October 10, 2018 | New York Law Journal

    'Akorn v. Fresenius': A Rare Decision Finding 'Material Adverse Effect'

    Corporate Litigation columnists Joseph M. McLaughlin and Shannon K. McGovern discuss 'Akorn v. Fresenius Kabi AG', which has drawn considerable interest as the first decision applying Delaware law that found an MAE warranting a buyer's exercise of merger termination rights. While 'Akorn' may embolden future parties to test the breadth of their own MAE provisions, the decision appears driven by extraordinary facts and now awaits review in the Delaware Supreme Court.

    1 minute read

  • October 9, 2018 | Delaware Business Court Insider

    Del. Supreme Court Rejects Proposal That Would Ease Bids to Derail Conflicted Transactions

    The Delaware Supreme Court on Tuesday ruled that mergers involving a controlling shareholder qualify for review under the business judgment rule if two key procedural protections are adopted prior to economic negotiations, rejecting a proposed bright-line rule that would have made it easier for plaintiffs to challenge conflicted transactions.

    1 minute read

  • September 19, 2018 | Delaware Business Court Insider

    Del. Discovery Updates 2018: Little Tolerance for Failure to Adhere to Deadlines

    Both the Delaware Court of Chancery and the Delaware Superior Court emphasize that discovery must proceed in a timely manner in accordance with the scheduling order entered by the court. Litigants who delay in bringing their discovery disputes before the court may find themselves without a remedy.

    1 minute read

  • August 22, 2018 | Delaware Business Court Insider

    A (Foot)note About Sandbagging in M&A Transactions

    When an important M&A contracting strategy goes by the moniker “sandbagging,” it is safe to assume the strategy is controversial.

    1 minute read

  • Thompson v. State of Delaware

    Publication Date: 2018-08-08
    Practice Area: Criminal Law
    Industry:
    Court: Delaware Supreme Court
    Judge: Justice Vaughn
    Attorneys: For plaintiff: Abby Adams for the state
    for defendant: Tasha M. Stevens for defendant.

    Case Number: D68244

    No violations of a criminal defendant's constitutional rights occurred in connection with his probation viola-tion hearing.

  • Blueblade Capital Opportunities LLC v. Norcraft Cos., Inc.

    Publication Date: 2018-08-08
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: David A. Jenkins and Robert K. Beste, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Michael E. Davidian, Blueblade Capital Opportunities LLC and Blueblade Capital Opportunities CI LLC, New York, NY, attorneys for petitioners
    for defendant: Raymond J. DiCamillo and Kevin M. Gallagher, Richards Layton & Finger, P.A., Wilmington, DE, attorneys for respondent.

    Case Number: D68238

    Delta between merger price and fair value on merger date, calculated according to discounted cash flow analysis, was caused by flaws in merger process and warranted adoption of DCF valuation over merger price as fair value for appraisal action purposes.

  • August 2, 2018 | The Legal Intelligencer

    People in the News—Aug. 2, 2018—Curtin & Heefner

    Curtin & Heefner's Michael Maguire will be joining Bonnie Stein as co-chair of the firm's property damage insurance litigation section.

    1 minute read