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  • Cantor Fitzgerald, L.P. v. Ainslie

    Publication Date: 2024-02-12
    Practice Area: Contracts
    Industry: Financial Services and Banking
    Court: Delaware Supreme Court
    Judge: Justice Traynor
    Attorneys: For plaintiff: C. Barr Flinn, Paul J. Loughman, Alberto E. Chávez, Skyler A. C. Speed, Young, Conaway, Stargatt & Taylor, LLP, Wilmington, DE; David A. Paul, Virginia J. Cardenas, Sid Nadkarni, Cantor Fitzgerald, New York, NY; Benjamin R. Nagin, Eric G. Hoffman, Sidley Austin LLP, New York, NY; Tacy F. Flint, Frank J. Favia, Jr., Sidley Austin LLP, Chicago, IL for appellant.
    for defendant: Blake A. Bennett, Cooch & Taylor P.A., Wilmington, DE; Kyle W. Roche, Kyle Roche P.A., New York, NY; Velvel Freedman, Alex Potter, Freedman Normand Friedland LLP, New York, NY for appellees.
    Case Number: 162, 2023

    A "forfeiture-for-competition" provision in a partnership agreement did not qualify as a restraint on trade, and thus partners who had negotiated and benefitted from such a term would be held to the terms of their agreement due to the Delaware Revised Uniform Limited Partnership Act's express favor for the enforceability of contracts.

  • Holifield v. XRI Inv. Holdings LLC

    Publication Date: 2023-09-18
    Practice Area: Corporate Entities
    Industry: Consulting | Energy | Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Michael W. McDermott, Richard I. G. Jones, Jr., David B. Anthony, Zachary J. Schnapp, Harry W. Shenton, IV, Berger Harris LLP, Wilmington, DE for appellants.
    for defendant: A. Thompson Bayliss, Eric A. Veres, Abrams & Bayliss LLP, Wilmington, DE; Robert N. Hochman, Sidley Austin LLP, Chicago, IL, Margaret Hope Allen, Angela C. Zambrano, Yolanda Cornejo Garcia, Sidley Austin LLP, Dallas, TX; Robin Wechkin, Sidley Austin LLP, Issaquah, WA for appellee.
    Case Number: 407, 2022

    Court declined to disavow jurisprudence holding that parties to an LLC agreement could impose incurable voidness on purported transactions under the agreement since the Delaware Limited Liability Company Act gave broad contractual freedom in an operating agreement.

  • The Samuel J. Heyman 1981 Continuing Trust for Lazarus S. Heyman v. Ashland LLC

    Publication Date: 2022-10-04
    Practice Area: Contractual Disputes
    Industry: Chemicals and Materials | Investments and Investment Advisory | Manufacturing
    Court: Delaware Supreme Court
    Judge: Justice Vaughn
    Attorneys: For plaintiff: William M. Lafferty, Miranda N. Gilbert, John P. DiTomo, Lauren N. Bennett, Thomas P. Will, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Robert N. Hochman, Heather Benzmiller Sultanian, Sidley Austin LLP, Chicago, IL; Eamon P. Joyce, Sidley Austin LLP, New York, NY; Andrew J. Rossman, Jonathon B. Oblak, Nicholas Hoy, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for appellants.
    for defendant: Christopher Viceconte, Gibbons, P.C., Wilmington DE; Jennifer A. Hradil, William S. Hatfield, Camille V. Otero, Joshua R. Elias, Gibbons, P.C., Newark, NY for appellees.
    Case Number: 279, 2021

    Court reversed Superior Court's ruling in a breach of contract case finding that the clear and unambiguous language of the stock-purchasing agreement allocated all off-site environmental cleanup liabilities to appellee.

  • City of Birmingham Ret. And Relief Sys. v. Good

    Publication Date: 2018-01-03
    Practice Area: Corporate Entities | Corporate Governance
    Industry: Energy | State and Local Government
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Martin S. Lessner, Kathaleen St. J. McCormick, Nicholas J. Rohrer, and Meryem Y. Dede, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Robert A. Hoffman, Jeffrey W. Golan, and Julie B. Palley, Barrack, Rodos & Bacine, Philadelphia, PA; Felipe J. Arroyo, Shane P. Sanders, and Gina Stassi, Robbins Arroyo LLP, San Diego, CA; Judith S. Scolnick, Donald. A. Broggi, and Thomas. L. Laughlin, Scott+Scott, Attorneys at Law, LLP, New York, NY; Peter B. Andrews and Craig J. Springer, Andrews & Springer LLC, Wilmington, DE; Alfred G. Yates, Law Offices of Alfred G.Yats, Jr., Pittsburgh, PA, attorneys for appellants
    for defendant: Kenneth J. Nachbar, Susan W. Waesco, and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Jack B. Jacobs, Sidley Austin LLP, Wilmington, DE; Steven M. Bierman, Andrew W. Stern, and Elizabeth A. Espinosa, Sidley Austin LLP, New York, NY, attorneys for appellees.
    Case Number: D67990

    Derivative complaint properly dismissed for failure to make litigation demand where stockholders allegations only established exculpated claim for directors bad faith, rather than personal liability for companys environmental violations.

  • Winshall v. Viacom Int'l Inc., DEFAX Case No. D65953 (Del. en banc Oct. 7, 2013) Jacobs, J. (33 pages).

    Publication Date: 2013-10-23
    Practice Area:
    Industry:
    Court: Delaware Supreme Court
    Judge:
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D65953