• 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.

  • March 25, 2020 | New Jersey Law Journal

    The Impact of the SECURE Act on Qualified and Non-Qualified Annuities

    The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which took effect Jan. 1, 2020, makes sweeping changes to rules applicable to certain employer sponsored tax-deferred defined contribution (qualified) plans and to traditional IRAs.

    1 minute read

  • Bamford v. Penfold, L.P.

    Publication Date: 2020-03-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: David J. Margules, Elizabeth A. Sloan, and Brittany M. Giusini, Ballard Spahr LLP, Wilmington, DE; Wallace G. Hilke, Mark S. Enslin, Ballard Spahr LLP, Minneapolis, MN; Jeffrey S. Cianciulli, Weir & Partners, Wilmington, DE; Peter N. Kessler, Kutak Rock LLP, Philadelphia, PA for plaintiffs.
    for defendant: John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Marc R. Rosen, Joshua K. Bromberg, Kleinberg, Kaplan, Wolff & Cohen, P.C., New York, NY; William B. Chandler III, Bradley D. Sorrels, Shannon E. German, Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE, attorneys for defendants.

    Case Number: D68910

    Derivative fraud and unjust enrichment claims dismissed as duplicative of plaintiffs' direct claims for breach of fiduciary duties and conversion.

  • Varga v. Gen. Elec. Co.

    Publication Date: 2020-03-13
    Practice Area: Employment Compliance
    Industry: Investments and Investment Advisory
    Court: U.S. District Court for the Northern District of New York, U.S. - NDNY
    Judge: District Judge Gary Sharpe
    Attorneys: For plaintiff: For the Plaintiff: Benjamin Aaron Kaplan, Esq., Charles J Crueger, Esq., Erin K. Dickinson, Esq., of Counsel, Crueger Dickinson LLC, Whitefish Bay, WI.
    for defendant: Mitchell M. Breit, Esq., of Counsel, Simmons Hanly Conroy LLC, New York, NY. Eric D. Barton, Esq., Jonathan Kieffer, Esq., Tyler Hudson, Esq., of Counsel, Wagstaff & Cartmell, Kansas City, MO. For the Defendants: Nicholas J. D'ambrosio, Jr. Esq., Sanjeeve K. Desoyza, Esq., of Counsel, Bond, Schoeneck & King, PLLC, Albany, NY. Jaime Santos, Esq., Goodwin Procter Law Firm, Washington, DC. James Fleckner, Esq., of Counsel Boston, MA.

    Case Number: 1:18-cv-1449

    Dismissal of Fiduciary Duty Breach Claims as to GE Stock Fund Price Is Explained

  • Great Hill Equity Partners IV, LP v. SIG Growth Equity Management, LLC

    Publication Date: 2020-03-11
    Practice Area: Deals and Transactions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Rudolf Koch, Robert L. Burns and Megan E. O’Connorm, Richards, Layton & Finger, P.A., Wilmington, DE; Adam Slutsky, Goodwin Procter LLP, Boston, MA for plaintiffs.
    for defendant: William B. Chandler III, Ian R. Liston and Jessica A. Hartwell, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Mark A. Kirsch, Scott A. Edelman, Aric H. Wu, Laura K. O’Boyle and Peter Wade, Gibson, Dunn & Crutcher LLP, New York, NY for SIG defendants. Lewis H. Lazarus, Marris James LLP, Wilmington, DE; Peter N. Flocos and Joanna A. Diakos, K&L Gates LLP, New York, NY for defendants Herzog and Kleinberg. David S. Eagle, Sean M. Brennecke, Michael K. Coran, William T. Hill, Monica Clarke Platt and Gregory R. Sellers, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE and Philadelphia, PA for defendants Tal and Itshayek.

    Case Number: D68905

    Although plaintiff prevailed on certain claims with respect to the question of liability, the court awarded no damages. Plain-tiff's evidence for damages was speculative and impossible to allocate.

  • Stanard v. Dir., Div. of Taxation

    Publication Date: 2020-03-09
    Practice Area: Corporate Entities | Tax
    Industry: Investments and Investment Advisory | State and Local Government
    Court: Tax Court
    Judge: Judge Fiamingo
    Attorneys: For plaintiff: Joseph Kernen and Ellis L. Reemer (DLA Piper, LLP, attorneys)
    for defendant: Ramanjit K. Chawla (Gurbir S. Grewal, Attorney General of New Jersey, attorney)

    Case Number: 008149-2018

    Distributive Share of Partnership Loss Distributed to Single-Member LLC Should Be Allocated as Sole Proprietorship

  • February 25, 2020 | Daily Business Review

    SECURE Act: How Could This New Law Impact Retirement Planning for Lawyers?  

    Retirement is often on the mind of many attorneys, whether it is advising clients on their estate planning, planning for their own retirement, or setting up plans for their firm's employees.

    1 minute read

  • February 13, 2020 | The Recorder

    Alphabet, HP, Cisco and Tesla in Top 10 of 'Cleanest' Global Companies

    California tech companies lead The Carbon Clean 200, which ranks publicly traded companies that are leading the way on clean energy issues in the first quarter of 2020 and offers several key takeaways for general counsel and their companies.

    1 minute read