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  • Murfey v. WHC Ventures LLC

    Publication Date: 2020-07-29
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Carl D. Neff and E. Chaney Hall, Fox Rothschild LLP, Wilmington, DE for plaintiff.
    for defendant: John J. Tumilty, Barnes-Brown & Pendleton, P.C., Waltham, MA; Raymond J. DiCamillo and John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE for defendant.
    Case Number: D69067

    The chancery court erred by reading a "necessary and essential" requirement into a partnership books and records request.

  • Van Kirk v. T. Rowe Price Assocs. Inc.

    Publication Date: 2020-07-23
    Practice Area: Civil Procedure | Employment Compliance
    Industry: Investments and Investment Advisory
    Court: U.S. District Court for the Eastern District of New York, U.S. - EDNY
    Judge: District Judge Ann Donnelly
    Attorneys: For plaintiff:
    for defendant:
    Case Number: 1:20-CV-00062

    Claim for 401(k) Benefits Untimely Under 29 USC §1113(1)(A)'s Six-Year Limit Period

  • July 2, 2020 | Law.com

    Labor of Law: NDAs Questioned | 401(k) & Private Equity | Fox News Correspondent Fired | Claims Revived Against Real Estate Company | Notable Moves & More

    Welcome to Labor of Law, and welcome to July. The U.S. Supreme Court this today refused to disturb the Ninth Circuit's pay-equality ruling in Yovino v. Rizo. Plus: scroll down for views on NDAs, DOL's new 401(k) policy, and much more, including Who Got the Work and our roundup of all the major covid-19 headlines. Thanks for reading!

    1 minute read

  • Martinez v. GPB Capital Holdings, LLC

    Publication Date: 2020-06-24
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Stephen L. Caponi and Matthew B. Goeller, K&L Gates LLP, Wilmington, DE for plaintiffs.
    for defendant: Patricia L. Enerio and Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for defendant.
    Case Number: D69028

    Plaintiffs were not entitled to a books and records request, but the court allowed a contract claim for specific performance to proceed as a plenary action.

  • Morrison v. Berry

    Publication Date: 2020-06-17
    Practice Area: Mergers and Acquisitions
    Industry: Food and Beverage | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher P. Quinn and Bradley P. Lehman, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP , San Diego, CA for plaintiff.
    for defendant: Rudolf Koch, Matthew D. Perri and John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Adam L. Sisitsky, Lavinia M. Weizel, Robert I. Bodian and Scott A. Rader, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., New York, NY and Boston, MA for independent director defendants. William B. Chandler III, Bradley D. Sorrels, Lindsay K. Faccenda and Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE for defendant Duggan. Patricia L. Enerio, Jamie L. Brown and Gillian L. Andrews, Heyman Enerio Gattuso & Hirzell LLP, Wilmington, DE for defendant Anicetti. Kevin G. Abrams, J. Peter Shindel, Jr. and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Matthew A. Schwartz and Joshua S. Levy, Sullivan & Cromwell LLP, New York, NY for J.P. Morgan defendants. William M. Lafferty, S. Mark Hurd, Thomas W. Briggs, Jr. and Elizabeth A. Mullin, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Stuart W. Gold and Richard W. Clary, Cravath, Swaine & Moore LLP, New York, NY for defendant Cravath, Swaine & Moore, LLP. Kevin R. Shannon and Matthew F. Davis, Potter, Anderson & Corroon LLP, Wilmington, DE; Jonathan Rosenberg and Abby F. Rudzin, O’Melveny & Myers LLP, New York, NY for Apollo defendants. John L. Reed, Peter H. Kyle and David Clarke, Jr., DLA Piper LLP., Wilmington, DE and Washington, DC for Berry defendants.
    Case Number: D69017

    Plaintiff adequately alleged an aiding and abetting claim against a financial advisor, but the court dismissed the other aiding and abetting claims.

  • In re Renren Inc. Derivative Litigation

    Publication Date: 2020-06-02
    Practice Area: Civil Procedure | Commercial Law
    Industry: Investments and Investment Advisory
    Court: Supreme Court, New York
    Judge: Justice Andrew Borrok
    Attorneys: For plaintiff:
    for defendant:
    Case Number: 653594/2018

    Shareholder Action Makes Out Prima Facie Case Under 'Fraud on the Minority Exception'

  • Rubenstein v. Int'l Value Advisers LLC

    Publication Date: 2020-05-27
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Barrington Parker
    Attorneys: For plaintiff: For Plaintiff-Appellant: David Lopez, Law Office of David Lopez, Southampton, NY, on the brief, Miriam Tauber, Miriam Tauber Law PLLC, New York, NY.
    for defendant: For Defendants-Appellees: Robin Muir, on the brief, Dennis Henry Tracey, III, Hogan Lovells US LLP, New York, NY. For Nominal Defendant-Appellee: Susan Saltzstein, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY.
    Case Number: 19-560-cv

    Short-Swing Profits Denied Disgorgement; Advisor's Client Not Insider Group Member

  • In re: Keryx Biopharmaceuticals, Inc.

    Publication Date: 2020-04-29
    Practice Area: Securities Litigation
    Industry: Biotechnology | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Connolly
    Attorneys: For plaintiff: Ryan M. Ernst, O’Kelly Ernst & Joyce, LLC, Wilmington, DE; Alexandra B. Raymond, Bragar Eagel & Squire, P.C., New York, NY; Richard A. Acocelli, Michael A. Rogovin and Kelly K. Moran, Weiss Law LLP, New York, NY for plaintiffs.
    for defendant: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Peter L. Welsh and Christian Reigstad, Ropes & Gray LLP, New York, NY for defendants.
    Case Number: D68962

    A proxy statement contained a disclaimer about certain financial projections, so the court dismissed plaintiffs' claims for viola-tions of securities law.

  • Maverick Therapeutics, Inc. v. Harpoon Therapeutics, Inc.

    Publication Date: 2020-04-22
    Practice Area: Contracts
    Industry: Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: : Jody C. Barillare, Morgan, Lewis & Bockius LLP, Wilmington, DE; Rollin B. Chippey II and Benjamin P. Smith, Morgan, Lewis & Bockius LLP, San Francisco, CA for plaintiff.
    for defendant: John P. DiTomo, Elizabeth A. Mullin, and Aubrey J. Morin, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; John Ruskusky and Lisa C. Sullivan, Nixon Peabody, LLP, Chicago, IL for plaintiff-Intervenor. Gregory P. Williams, Steven J. Fineman, Nicole K. Pedi, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Martin S. Schenker and Benjamin H. Kleine, of Cooley, LLP, San Francisco, CA; Michelle S. Rhyu, Cooley, LLP, Palo Alto, CA for defendant.
    Case Number: D68952

    Defendant fraudulently induced plaintiff's investment into spin-out company by representing broad definition of transferred technology while knowingly limiting transfer to the spin-off and continuing to work on technology outside the narrow definition.

  • RCS Creditor Trust v. Schorsch

    Publication Date: 2020-04-08
    Practice Area: Discovery
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Philip Trainer, Jr. and Marie M. Degnan, Ashby & Geddes, Wilmington, DE; John P. Coffey, Gregory A. Horowitz and Anna K. Ostrom, Kramer Levin Naftalis & Frankel, New York, NY for plaintiff.
    for defendant: Elizabeth A. Sloan and Brittany M. Giusini of Ballard Spahr LLP, Wilmington, DE; Michael C. Miller, Evan Glassman, Michael G. Scavelli, Steptoe & Johnson LLP, New York, NY; Mark Murphy, Steptoe & Johnson LLP, Washington, DC for defendant Block. Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Allan J. Arffa, Gregory F. Laufer and Jeremy A. Benjamin, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for remaining defendants.
    Case Number: D68939

    Communications between plaintiff's counsel and a third party were subject to the attorney-client privilege based on the com-mon interest doctrine. Motion to compel denied.