• In re TerraForm Power, Inc. Stockholders Litig.

    Publication Date: 2020-11-18
    Practice Area: Corporate Governance
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Ned Weinberger, Derrick Farrell, Mark Richardson, Labaton Sucharow LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer, Davis M. Sborz, Andrews & Springer LLC, Wilmington DE; Jeremy S. Friedman, David F.E. Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; Steven J. Purcell, Douglas E. Julie, Robert H. Lefkowitz, Kaitlyn T. Devenyns, Purcell Julie & Lefkowitz LLP, New York, NY for plaintiffs.
    for defendant: Kevin G. Abrams, Eric A. Veres, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; John A. Neuwirth, Stefania D. Venezia, Amanda K. Pooler, Weil, Gotshal & Manges LLP, New York, NY; Brian C. Ralston, Seth R. Tangman, Caneel Radinson-Blasucci, Potter Anderson & Corroon LLP, Wilmington, DE; Daniel M. Sullivan, Holwell Shuster & Goldberg LLP, New York, NY for defendants.

    Case Number: D69192

    Court declined to disregard precedent set forth in Gentile v. Rosette where present case involved, as it did in Gentile, a corporate controller's actions to cause the corporation to issue stock for insufficient consideration such that the controller could increase its stake in the company at the expense of the public minority stockholders, allowing those stockholders to pursue direct claims.

  • November 12, 2020 | The Legal Intelligencer

    Changes in Taxation Under a New Administration

    Given these potential shifts in tax policy that would upend several provisions passed under the Trump administration, this article provides an overview of areas that merit attention from taxpayers and tax planners going into 2021 and, in some cases, ways that tax planning can help mitigate the impact of these potential changes when planning year-end tax strategies.

    1 minute read

  • Jacobs v. Meghji

    Publication Date: 2020-10-21
    Practice Area: Deals and Transactions
    Industry: Construction | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Stephen E. Jenkins, Richard D. Heins, Ashby & Geddes, Wilmington, DE; Donald J. Enright, Elizabeth K. Tripodi, Jordan A. Cafritz, Levi & Korsinsky, LLP, Washington, DC for plaintiff.
    for defendant: T. Brad Davey, J. Matthew Belger, Nicholas D. Mozal, Potter Anderson & Corroon LLP, Wilmington, DE; S. Michael Sirkin, Ross, Aronstam & Moritz LLP, Wilmington, DE; Yosef J. Riemer, Jeffrey Goldfine, Kirkland & Ellis LLP, New York, NY; Daniel A. Mason, Brandan W. Sullivan, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Andrew J. Ehrlich, Gregory Laufer, Anika Rappleye, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Lisa A. Schmidt, Alexander M. Krischik, Richards, Layton & Finger, P.A., Wilmington, DE for defendants

    Case Number: D69163

    The court granted a motion to dismiss claims for aiding and abetting and for unjust enrichment, because plaintiff failed to demonstrate knowing participation in any breaches of fiduciary duty.

  • In re: Allergan ERISA Litig.

    Publication Date: 2020-10-05
    Practice Area: Employment Litigation
    Industry: Investments and Investment Advisory | Pharmaceuticals
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Justice Jordan
    Attorneys: For plaintiff: Jacob H. Zamansky and Samuel E. Bonderoff (Zamansky, LLC); Gary S. Graifman (Kantrowitz Goldhammer & Graifman); Michael J. Klein (Abraham Fruchter & Twersky); Mark Levine; Patrick K. Slyne (Stull Stull & Brody)
    for defendant: Anjuli M. Cargain, Robert D. Eassa, and Paul J. Killion (Duane Morris); Joseph F. Falgiani, Joseph G. Harraka, Jr., David G. Tomeo, and Robert D. Towry (Becker, LLC)

    Case Number: 18-2729

    ERISA Action Arising from Alleged Stock Price Inflation Failed Where No Evidence Company Engaged in Unlawful Price-Fixing of Its Products

  • September 29, 2020 | Daily Business Review

    Broward Lawyer Accused of Raising $100 Million for Fraud Scheme

    The attorney became the latest in a series of people to be criminally charged over links to defunct Hallandale Beach commercial lending company 1 Global Capital LLC.

    1 minute read

  • Fannin v. UMTH Land Dev., L.P.

    Publication Date: 2020-09-16
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Robert J. Kriner, Jr. and Tiffany J. Cramer, Chimicles Schwartz Kriner & Donaldson-Smith LLP, Wilmington, DE for plaintiffs.
    for defendant: Steven L. Caponi, K&L Gates LLP, Wilmington, DE; John W. Rotunno, Paul J. Walsen, Joseph C. Wylie II, Molly K. McGinley, Matthew A. Alvis, K&L Gates LLP, Chicago, IL; Myron T. Steele, Timothy R. Dudderar, Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: D69118

    Limited partners' fiduciary claims survived dismissal where limited partners could rely on misleading disclosures regarding challenged transactions, where the general partners and controllers failed to eliminate fiduciary duties from the partnership agreement, and where general partner's financial interest in challenged transactions was sufficient to establish demand futility.

  • Fannin v. UMTH Land Dev. L.P.

    Publication Date: 2020-08-19
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Robert J. Kriner, Jr. and Tiffany J. Cramer, Chimicles Schwartz Kriner & Donaldson-Smith LLP, Wilmington, DE for plaintiffs.
    for defendant: Steven L. Caponi, K&L Gates LLP, Wilmington, DE; John W. Rotunno, Paul J. Walsen, Joseph C. Wylie II, Molly K. McGinley, Matthew A. Alvis, K&L Gates LLP, Chicago, IL; Myron T. Steele, Timothy R. Dudderar, Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE for defendants.

    Case Number: D69086

    Court declined to dismiss breach of fiduciary duty claims where general partner and controller affiliates had not removed fiduciary duties from the partnership agreement and where plaintiffs were entitled to rely on disclosures related to challenged transactions and thus were not on inquiry notice of their claims.

  • August 13, 2020 | The American Lawyer

    DLA Piper Gets Into Litigation Finance Game With New Fund, Alliance

    Two former DLA partners have set up a new fund, Aldersgate Funding, which will work with the firm and Litigation Capital Management via a new alliance.

    1 minute read

  • Setzer v. Omega Healthcare Investors Inc.

    Publication Date: 2020-08-07
    Practice Area: REITS | Securities Litigation
    Industry: Health Care | Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard Wesley
    Attorneys: For plaintiff: For Plaintiffs-Appellants: David Dean, on the brief, Jacob A. Goldberg, The Rosen Law Firm, P.A., Jenkintown, PA.
    for defendant: For Defendants-Appellees: Heather S. Goldman, on the brief, Eric Rieder, Bryan Cave Leighton Paisner, LLP, New York, NY.

    Case Number: 19-1905

    Omega's Failure to Disclose Loan Renders Statements of Orianna's Performance Misleading

  • July 30, 2020 | New York Law Journal

    Class Action Targets JPMorgan Over Alleged Illegal 'Spoofing' in Futures Markets

    The technique, which Congress criminalized as part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, involves placing orders to buy and sell Treasury futures to give the appearance of high market demand and artificial prices, without ever intending to execute the orders.

    1 minute read