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  • 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

  • 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.