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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.

  • Terrell v. Kiromic Biopharma, Inc.

    Publication Date: 2023-05-16
    Practice Area: Contractual Disputes
    Industry: Consulting | Pharmaceuticals
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: Scott James Leonhardt, Jason A. Gibson, The Rosner Law Group LLC, Wilmington, DE; Alexander Klein, 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 I. Schlenger, Katherine Anne Boy Skipsey, Sheppard, Mullin, Richter & Hampton, LLP, New York, NY for appellee.
    Case Number: 299, 2022

    Chancery court erred in accepting corporate board committee's interpretation of stock option agreement provision without further review or offering the parties the opportunity to provide supplemental briefing or oral argument. Reversed and remanded.

  • Gulf LNG Energy, LLC v. Eni USA Gas Mktg. LLC

    Publication Date: 2020-12-02
    Practice Area: Energy and Natural Resources
    Industry: Energy
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Bradley R. Aronstam, S. Michael Sirkin, R. Garrett Rice, Esquire, Ross Aronstam & Moritz LLP, Wilmington, DE; Joseph S. Allerhand, Seth Goodchild, Tania C. Matsuoka, Weil, Gotshal & Manges LLP, New York, NY; Mark W. Friedman, William H. Taft V, Carl Micarelli, Lisa Wang Lachowicz, Debevoise & Plimpton LLP, New York, NY for appellants.
    for defendant: Joseph B. Cicero, Gregory E. Stuhlman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; Joseph J. LoBue, Helene Gogadze, Sheppard, Mullin, Richter & Hampton LLP, Washington, DC for appellee.
    Case Number: D69208

    Court could enjoin party from filing second arbitration whose purpose was to effectively appeal a prior arbitration award where the award was subject to the exclusive review under the FAA.