• City of Detroit Police & Fire Ret. Sys. v. Hamrock

    Publication Date: 2021-03-24
    Practice Area: Corporate Governance
    Industry: Energy | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Stark
    Attorneys: For plaintiff: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Daniel S. Sommers, Joshua Handelsman, Cohen Milstein Sellers & Toll PLLC, Washington, DC; Richard A. Speirs, Amy Miller, Cohen Milstein Sellers & Toll PLLC, New York, NY; Kip B. Shuman, Shuman, Glenn & Stecker, San Francisco, CA; Rusty E. Glenn, Shuman, Glenn & Stecker, Denver, CO; Brett D. Stecker, Shuman, Glenn & Stecker, Ardmore, PA; Ronald A. King, Clark Hill PLC, Lansing, MI for plaintiff.
    for defendant: Gregory P. Williams, Raymond J. DiCamillo, Katharine L. Mowery, Richards, Layton & Finger, P.A., Wilmington, DE; Walter C. Carlson, Nilofer Umar, Caroline A. Wong, Sidley Austin LLP, Chicago, IL for defendants.

    Case Number: D69335

    Derivative claim of breach of loyalty dismissed where demand was not excused as plaintiff failed to show that directors were likely to face liability on underlying claim and therefore could not be disinterested and independent.

  • In re Oracle Corp. Derivative Litig.

    Publication Date: 2020-08-05
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software
    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, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiff.
    for defendant: Kevin R. Shannon, Berton W. Ashman, Jr. and David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses, Jonathan M. Wagner and Jason M. Moff, Kramer Levin Naftalis & Frankel LLP, New York, NY for Oracle Corp. special litigation committee. Elena C. Norman and Richard J. Thomas, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald and Blair Connelly, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Henley, James and Hurd. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for Oracle Corp.

    Case Number: D69057

    The court denied plaintiff's motion to compel because the documents sought were protected as work product and the op-posing party had not waived the privilege.

  • In re Oracle Corp. Derivative Litig.

    Publication Date: 2020-07-22
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software
    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, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiff.
    for defendant: Kevin R. Shannon, Berton W. Ashman, Jr. and David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE; Arthur H. Aufses, Jonathan M. Wagner and Jason M. Moff, Kramer Levin Naftalis & Frankel LLP, New York, NY for Oracle Corp. special litigation committee. Elena C. Norman and Richard J. Thomas, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald and Blair Connelly, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo and Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Henley, James and Hurd. Thomas A. Beck, Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for Oracle Corp.

    Case Number: D69057

    The court denied plaintiff's motion to compel because the documents sought were protected as work prod-uct and the opposing party had not waived the privilege.

  • The Anschutz Corp. v. Brown Robin Capital, LLC

    Publication Date: 2020-06-24
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Michael A. Pittenger, Berton W. Ashman, Jr., and David M. Hahn, Potter Anderson & Corroon LLP, Wilmington, DE; William M. Regan and David R. Michaeli, E Hogan Lovells US LLP, New York, NY; Mark C. Hansen and John Thorne, Kellogg Hansen Todd Figel & Frederick PLLC, Washington, DC for plaintiffs.
    for defendant: Rudolf Koch, Kevin M. Gallagher, and Ryan D. Konstanzer, Richards, Layton & Finger, P.A., Wilmington, DE; Jack W. Pirozzolo and Ben Schwarz, Sidley Austin LLP, Boston, MY; Christopher M. Egleson, Sidley Austin LLP, Los Angeles, CA for defendants.

    Case Number: D69022

    Buyer of company adequately pled breach of contract and fraud claims by alleging sellers knowingly made representations that breached the transaction's representations and warranties and seeking rescission of the deal.

  • In re Oracle Corp. Derivative Litig.

    Publication Date: 2019-12-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Software | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Randal J. Baron, David A. Knotts and Christopher H. Lyons, Robbins Geller Rudman & Down LLP, San Diego, CA and Nashville, TN; Brian J. Robbins, Stephen J. Oddo and Gregory Del Gaizo, Robbins LLP, San Diego, CA for lead plaintiff.
    for defendant: Elena C. Norman, Richard J. Thomas, Benjamin M. Potts, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Blair Connelly and Rachel J. Rodriguez, Latham & Watkins LLP, San Francisco, CA and New York, NY for defendants Ellison and Catz. Kenneth J. Nachbar, John P. DiTomo, Thomas P. Will and Corinne R. Moini, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Sara B. Brody, Jaime A. Bartlett and Matthew J. Dolan, Sidley Austin LLP, San Francisco, CA and Palo Alto, CA for defendants Hurd Estate, Henley, Conrades, James, Panetta, Boskin, Berg, Garcia-Molina, Seligman, Chizen and Bingham. A. Thompson Bayliss and E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; John W. Spiegel, George M. Garvey and John M. Gildersleeve, Munger, Tolles & Olson LLP, Los Angeles, CA for defendant Goldberg. Andrew S. Dupre, McCarter & English, LLP, Wilmington, DE; Robert P. Feldman and Christopher D. Kercher, Quinn Emanuel Urquhart & Sulli-van LLP, Redwood Shores, CA and New York, NY for defendant Nelson. Thomas A. Beck, Blake Rohrbacher, Susan M. Han-nigan, Matthew D. Perri and Daniel E. Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE for nominal defendant Ora-cle Corp.

    Case Number: D68809

    Where a special litigation committee concluded that a litigation asset should be turned over to the lead plaintiff to pursue a derivative action on behalf of the corporation, plaintiff was entitled to all relevant documents considered by the committee.

  • September 12, 2019 | New York Law Journal

    Bentham Adds to Investment Team in NY, SF

    The firm is adding Nilufar Hossain, former acting general counsel at social enterprise Prakti, as legal counsel in New York.

    1 minute read

  • September 11, 2019 | The American Lawyer

    Bentham Adds to Investment Team in NY, SF

    The litigation finance firm saw opportunities to support a recent international arbitration hire and build out its trade secrets capabilities.

    1 minute read

  • August 29, 2019 | The Recorder

    Riding the IPO Wave: The Outlook for West Coast Companies

    One factor contributing to the current IPO boom is the relative ease of preparing for the offering afforded by developments in the regulatory environment.

    1 minute read

  • March 13, 2019 | New York Law Journal

    A 20-Year View of Commercial Real Estate Finance: Part I

    Looking back over the last two decades, commercial real estate finance has gotten more complex, but also smarter.

    1 minute read

  • September 5, 2018 | National Law Journal

    Not Quite 'Just Say No,' but SEC Warns of Risk in Marijuana Investing

    “If you are considering investing in a company with operations relating to the marijuana business industry, understand that the company may be criminally prosecuted and this may impact the value of your investment,” the SEC said in a new advisory Wednesday.

    1 minute read