• December 19, 2023 | Delaware Law Weekly

    Out-of-State Case Isn't Enough to Dismiss Otherwise Supported Derivative Litigation, Del. High Court Says

    It's the first time the state's high court has officially addressed whether or not a Delaware judge can take adjudicative notice of factual findings from another court,.

    4 minute read

  • Saba Capital CEF Opportunities 1 LLC v. Nuveen Floating Rate Income Fund

    Publication Date: 2023-12-08
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard C. Wesley
    Attorneys: For plaintiff: For Plaintiffs-Appellees: Jacob W. Buchdahl, Susman Godfrey LLP, New York, NY, on the brief, Mark P. Musico, Susman Godfrey LLP, New York, NY.
    for defendant: For Defendants-Appellants Nuveen Floating Rate Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, Nuveen Global High Income Fund, and Nuveen Senior Income Fund: Parker Rider-Longmaid, Kyser Blakely, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC; Scott Musoff, Boris Bershteyn, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY; Eben Colby, Emily Jennings, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA, on the Brief, Shay Dvoretzky, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC. For Defendants-Appellants Terence J. Toth, Jack B. Evans, William C. Hunter, Albin F. Moschner, John K. Nelson, Judith M. Stockdale, Carole E. Stone, Margaret L. Wolff, Robert L. Young, and Matthew Thornton III, in their capacity as Trustees of the Nuveen Trusts: Robert A. Skinner, Douglas Hallward-Driemeier, Amy D. Roy, Ropes & Gray LLP, Boston, MA. For Amicus Curiae The Investment Company Institute in Support of Defendants-Appellants: Susan Olson, Dorothy Donohue, Kenneth Fang, The Investment Company Institute, Washington, DC; Steven A. Engel, David A. Kotler, Michael H. McGinley, Dechert LLP, New York, NY. For Amicus Curiae Bulldog Investors, LLP in Support of Plaintiffs-Appellees: Aaron T. Morris, Andrew W. Robertson, Morris Kandinov LLP, New York, NY.

    Case Number: 22-407

    Firm's Bylaws Amendment Violates ICA as Restriction on Shareholders, Not on Shares

  • September 20, 2023 | Delaware Business Court Insider

    Shareholders Attorney Says Delaware Shouldn't Adopt West Virginia Federal Court's Finding in Chancery 'Caremark' Case Over Opioids

    A national issue should not be governed by a decision in a lawsuit involving one city and county government in West Virginia.

    4 minute read

  • Lebanon County Employees' Ret. Fund v. Collis

    Publication Date: 2023-01-03
    Practice Area: Corporate Entities
    Industry: Distribution and Wholesale | Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Samuel L. Closic, Eric J. Juray, Robert B. Lackey, Prickett, Jones & Elliott, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Lee D. Rudy, Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Jeroen van Kwawegen, Eric J. Riedel, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Frank R. Schirripa, Daniel B. Rehns, Kurt Hunciker, Hillary Nappi, Hach Rose Schirripa & Cheverie LLP, New York, NY; Gregory Mark Nespole, Daniel Tepper, Levi & Korsinsky, LLP, New York, NY; Brian J. Robbins, Craig W. Smith, Robbins LLP, San Diego, CA for plaintiffs.
    for defendant: Stephen C. Norman, Jennifer C. Wasson, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Michael S. Doluisio, Carla Graff, Dechert LLP, Philadelphia, PA; Matthew L. Larrabee, Hayoung Park, Dechert LLP, New York, NY; Michael D. Blanchard, Amelia Pennington, Morgan, Lewis & Bockius LLP, Boston, MA for defendants.

    Case Number: 2021-1118-JTL

    The court granted a motion to dismiss breach of duty claims stockholder plaintiffs brought against pharmaceutical distributor defendant.

  • December 23, 2021 | Litigation Daily

    Run It Back! One Last Look at the 2021 Litigators of the Week

    Here's one last 'huzzah!' for this year's winners.

    20 minute read

  • Borealis Power Holdings Inc. v. Hunt Strategic Util. Inv., L.L.C.

    Publication Date: 2020-06-10
    Practice Area: Corporate Entities
    Industry: Energy
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Richard I. Werder, Jr., Renita Sharma, Elisabeth B. Miller, and Ryan A. Rakower, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; William M. Lafferty, Thomas W. Briggs, Jr., Daniel T. Menken, and Aubrey J. Morin, Morris Nichols Arsht&Tunnell LLP, Wilmington, DE for appellant Borealis Power Holdings.Neil A. Sterner, Dechert LLP, New York, NY; Blake Rohrbacher, Brian S. Yu, and Kevin M. Regan, Richards, Layton & Finger, P.A., Wilmington, DE for appellant Cheyne Walk Investments.P. Clarkson Collins, Jr., Ian D. McCauley, and Kathleen A. Murphey, Morris James LLP, Wilmington, DE for appellant Texas Transmission Investment.
    for defendant: Jessica B. Pulliam, Monica Hughes Smith, Baker Botts L.L.P., Dallas, Texas; Vernon Cassin, Baker Botts L.L.P., Washington, D.C.; Peter J. Walsh Jr., J. Matthew Belger, Andrew H. Sauder, Potter Anderson &Corroon LLP, Wilmington Delaware for Hunt Strategic Utility Investment, L.L.C. J. Christopher Shore, Alice Tsier, andVivake Prasad, White & Case LLP, New York, NY; Aaron Colodny, White & Case LLP, Los Angeles, CA; David C. McBride, Martin S. Lessner, Ryan M. Bartley, and Paul J. Loughman, Young, Conaway, Stargatt& Taylor, LLC, Wilmington, DE for appellees.

    Case Number: D69006

    Right of first refusal in separate investor rights agreement did not supersede right of first offer on transfer of equity stake in separate corporate entity where the right of first refusal only applied to minority member of the company subject to the investor rights agreement and transferor was not a minority member.

  • December 18, 2019 | Litigation Daily

    Litigation Leaders: Dechert's Hector Gonzalez on Multiculturalism, Lateral Hires and Keeping It Simple

    Gonzalez's goals: 'Growth, diversity, junior partner development, pro bono contributions to our communities, and making sure the litigation group is well positioned to leverage the firm's global footprint. '

    1 minute read

  • June 26, 2019 | Delaware Law Weekly

    ‘Flippant, Evasive, Ridiculous’: Del. Court Blasts SF Theatre Owner, Sullivan & Cromwell for Deposition Conduct

    'The deposition appears to have been a colossal waste of time and resources,' the Delaware Supreme Court wrote in a 20-page addendum detailing the misconduct of Tony award-winning producer Carole Shorenstein Hays.

    1 minute read

  • June 26, 2019 | The Recorder

    'Flippant, Evasive, Ridiculous': Court Blasts SF Theatre Owner and Sullivan & Cromwell for Deposition Conduct

    'The deposition appears to have been a colossal waste of time and resources,' the Delaware Supreme Court wrote in a 20-page addendum detailing the misconduct of Tony award-winning producer Carole Shorenstein Hays.

    1 minute read

  • June 26, 2019 | Litigation Daily

    Daily Dicta: 'Flippant, Evasive, Ridiculous': Court Blasts Sullivan & Cromwell and Its Client for Deposition Conduct

    'The deposition appears to have been a colossal waste of time and resources,' the Delaware Supreme Court wrote in a 20-page addendum detailing the misconduct of Tony award-winning producer Carole Shorenstein Hays.

    1 minute read