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  • Ravindran v. GLAS Trust Co. LLC

    Publication Date: 2024-10-08
    Practice Area: Creditors' and Debtors' Rights
    Industry: Financial Services and Banking | Education | Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Joseph B. Cicero, Ryan M. Lindsay, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Sheron Korpus, David M. Max, Sondra D. Grigsby, Kasowitz Benson Torres LLP, New York, NY for appellants.
    for defendant: Brock E. Czeschin, Susan Hannigan Cohen, Nicole M. Henry, Richards, Layton & Finger, P.A., Wilmington, DE; Lauren K. Neal, Elizabeth A. Mullin Stoffer, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for appellees.
    Case Number: 463, 2023

    Although appellants raised the parties' contract's forum selection clause, they failed to explicitly argue that a non-signatory litigant was bound to the clause and thus waived the issue on appeal.

  • BitGo Holdings, Inc. v. Galaxy Digital Holdings, Ltd.

    Publication Date: 2024-06-03
    Practice Area: Mergers and Acquisitions
    Industry: Financial Services and Banking | Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: A. Thompson Bayliss, Michael A. Barlow, Eliezer Y. Feinstein, Abrams & Bayliss LLP, Wilmington, DE; R. Brian Timmons, David M. Grable, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA; David Cooper, Deborah K. Brown, Nathan Goralnik, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for appellants.
    for defendant: Bradley R. Aronstam, S. Michael Sirkin, Ross Aronstam & Moritz LLP, Wilmington, DE; Andrew Ditchfield, Brian M. Burnovski, Pascale Bibi, Kyra Macy Kaufman, Davis Polk & Wardwell LLP, New York, NY; Neal Kumar Katyal, Nathaniel A.G. Zelinsky, Hogan Lovells US LLP, Washington, D.C., Dennis H. Tracey, III, Hogan Lovells US LLP, New York, NY for appellees.
    Case Number: 2022-0808

    Court remanded for reconsideration of interpretation of contractual requirement using extrinsic evidence where both parties proffered reasonable interpretations of the provision.

  • City of Sarasota Firefighters' Pension Fund v. Inovalon Holdings, Inc.

    Publication Date: 2024-05-13
    Practice Area: Mergers and Acquisitions
    Industry: E-Commerce | Health Care | Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Ned Weinberger, Brendan W. Sullivan, Labaton Sucharow LLP, Wilmington, DE; John Vielandi, Labaton Sucharow LLP, New York, NY; Jeremy Friedman, David Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; Lee D. Rudy, Eric L. Zagar, J. Daniel Albert, Geoffrey C. Jarvis, Grant D. Goodhart, III, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for appellants.
    for defendant: Raymond J. DiCamillo, Kevin M. Gallagher, Craig K. Ferrere, Richards, Layton & Finger, P.A., Wilmington, DE; William M. Lafferty, Ryan D. Stottmann, Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Blair Connelly, Latham & Watkins LLP, New York, NY; Kristin N. Murphy, Ryan A. Walsh, Latham & Watkins LLP, Costa Mesa, CA for appellees.
    Case Number: 2022-0698

    Court reversed dismissal of action challenging corporate acquisition where proxy statement failed to disclose advisors' conflicts of interest and erroneously described the advisors' roles in the transaction.

  • City of Dearborn Police & Fire Revised Ret. Sys. v. Brookfield Asset Mgmt. Inc.

    Publication Date: 2024-04-08
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Ned Weinberger, Mark Richardson, Brendan W. Sullivan, Labaton Sucharow LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer, David M. Sborz, Jackson E. Warren, Andrews & Springer LLC, Wilmington, DE; John Vielandi, Labtaton Sucharow LLP, New York, NY; Jeremy Friedman, David Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; Douglas E. Julie, W. Scott Holleman, Garam Choe, Julie & Holleman LLP, New York, NY; Brian J. Robbins, Stephen J. Oddo, Robbins LLP, San Diego, CA for appellants.
    for defendant: Kevin G. Abrams, Eric A. Veres, Abrams & Bayliss LLP, Wilmington, DE; John A. Neuwirth, Stefania D. Venezia, Amanda K. Pooler, Elizabeth M. Sytsma, Tanner S. Stanley, Weil, Gotshal & Manges LLP, New York, NY for appellees.
    Case Number: 241, 2023

    Chancery court erred in reviewing squeeze-out merger under business judgment review where proxy statement failed to disclose potential conflicts of interest of the special committee's financial and legal advisors.

  • In re Delaware Pub. Sch. Litig.

    Publication Date: 2024-02-12
    Practice Area: Education Law
    Industry: Education | Non-Profit | State and Local Government
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Max B. Walton, Lisa R. Hatfield, Erica K. Sefton, Connolly Gallagher LLP, Newark, DE; Wilson B. Davis, New Castle County Law Department, New Castle, DE; Krista M. Reale, Margolis Edelstein, Wilmington, DE; Craig T. Eliassen, Gary E. Junge, Schmittinger & Rodriguez, P.A., Dover, DE for appellants.
    for defendant: Richard H. Morse, Community Legal Aid Society, Inc., Wilmington, DE; Dwayne Bensing, ACLU Foundation of Delaware, Inc., Wilmington, DE; Saul P. Morgenstern, Peta Gordon, Arnold & Porter Kaye Scholer LLP, New York, NY for appellees.
    Case Number: 138, 2023

    Chancery court erred in awarding fee shifting in public interest litigation where the case effectively obtained a benefit no greater than simply compelling the government to properly perform its duties.

  • Horizon Servs., Inc. v. Henry

    Publication Date: 2023-09-18
    Practice Area: Labor Law
    Industry: Insurance
    Court: Delaware Supreme Court
    Judge: Justice LeGrow
    Attorneys: For plaintiff: H. Garrett Baker, Francis D. Nardo, Elzufon Austin & Mondell, P.A., Wilmington, DE for appellants.
    for defendant: Jonathan B. O’Neill, Amanda K. Dobies, Kimmel, Carter, Roman, Peltz & O’Neill, P.A., Christiana, DE; William A. Crawford, Franklin & Prokopik, Newark, DE for appellees.
    Case Number: N21C-10-044

    Employer and its workers' compensation insurer could assert a lien against compensation obtained from the employer's underinsured motorist coverage.

  • City of Newark v. Donald M. Durkin Contracting, Inc.

    Publication Date: 2023-09-11
    Practice Area: Contracts
    Industry: Construction | Legal Services | State and Local Government
    Court: Delaware Supreme Court
    Judge: Justice LeGrow
    Attorneys: For plaintiff: Max B. Walton, Shaun Michael Kelly, Erica K. Sefton, Connolly Gallagher LLP, Newark, DE for appellant.
    for defendant: Paul A. Logan, Post & Schell, P.C., Wilmington, DE for appellee.
    Case Number: N21C-12-039

    Although declaratory judgment action did not breach the parties' settlement, the fact that the action was related to litigation nonetheless triggered defendants' indemnification obligations under the settlement to reimburse plaintiff for its legal costs incurred in the action.

  • Coster v. UIP Co. Inc.

    Publication Date: 2023-07-10
    Practice Area: Corporate Governance
    Industry: Real Estate
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Max B. Walton, Kyle Evans Gay, Connolly Gallagher LLP, Newark, DE; Michael K. Ross, Serine Consolino, Aegis Law Group LLP, Washington, DC for appellant.
    for defendant: Deborah B. Baum, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC; Stephen B. Brauerman, Elizabeth A. Powers, Bayard, P.A., Wilmington, DE for appellees.
    Case Number: 163, 2022

    Stock issuance that diluted interest of stockholder with one-half interest who had filed a custodian action to break board election deadlock was not inequitable where issuance was reasonably calculated to prevent default under company's key contracts and had the benefit of retaining a key employee, while stockholder was not coerced as she retained a swing vote.

  • Boardwalk Pipeline Partners, LP v. Bandera Master Fund LP

    Publication Date: 2023-01-03
    Practice Area: Corporate Governance
    Industry: Energy | Investments and Investment Advisory | Transportation
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: William Savitt, Sarah K. Eddy, Adam M Gogolak, Wachtell, Lipton, Rosen & Katz, New York, NY; Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Stephen P. Lamb, Andrew G. Gordon, Harris Fischman, Robert N. Kravitz, Carter E. Greenbaum, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Srinivas M. Raju, Blake Rohrbacher, Matthew D. Perri, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Rolin P. Bissell, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for appellants.
    for defendant: A. Thompson Bayliss, J. Peter Shindel, Jr., Daniel G. Paterno, Eric A. Veres, Samuel D. Cordle, Abrams & Bayliss LLP, Wilmington, DE for appellees.
    Case Number: 2021-0700-PWG

    Member controlling general partner in Master Limited Partnership was correct party to determine whether opinion of counsel to exercise call right was acceptable, meaning that general partner and related entities were exculpated from liability to limited partners due to the presumption of good faith in reliance on opinion of counsel imposed by the limited partnership agreement.

  • TransPerfect Global, Inc. v. Pincus

    Publication Date: 2022-06-28
    Practice Area: Corporate Entities
    Industry: Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Adam K. Bult, Brownstein Hyatt Farber Schreck, LLP, Las Vegas, NV; Jeremy Eicher, Eicher Law LLC, Wilmington, DE; Alan M. Dershowitz, Cambridge, MA for appellants.
    for defendant: Jennifer C. Voss, Cliff C. Gardner, Elisa M.C. Klein, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE for appellee.
    Case Number: D69868

    Chancery court erred in holding company's majority shareholder and controller in contempt of violating an exclusive jurisdiction order where shareholder was not a party to the out-of-state action filed in contempt of the chancery court's order and where controlling stake did not itself make shareholder personally liable for the company's conduct.