• 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

  • Germaninvestments AG v. Allomet Corp.

    Publication Date: 2020-02-12
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory | Manufacturing
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: R. Craig Martin and Kelly L. Freund, DLA Piper LLP, Wilmington, DE for appellants.
    for defendant: John P. DiTomo, Ryan D. Stottmann, and Coleen W. Hill, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for appellees.

    Case Number: D68872

    Chancery court erred in applying foreign law when defendants failed to meet their burden to establish the law, and thus erred in ruling that a forum clause was mandatory rather than permissive, since the clause was permissive under the applicable Delaware law.

  • January 28, 2020 | The American Lawyer

    Kirkland, Mayer Brown Alums Join Crowded Litigation Finance Field

    The three former Gerchen Keller principals behind GLS Capital are touting their $345 million kitty, their experience, and the increasing openness to third-party litigation finance in Big Law.

    1 minute read

  • Morrison v. Berry

    Publication Date: 2020-01-15
    Practice Area: Corporate Governance
    Industry: Food and Beverage | Investments and Investment Advisory | Retail
    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; 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 and 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., Richard Li 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, Matthew F. Davis and Nicholas S. Prust, 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: D68842

    The court granted defendant directors' motions to dismiss.

  • December 9, 2019 | Daily Business Review

    Check Out the Accomplishments of the 2019 DBR Most Effective Lawyers

        The 15th annual Most Effective Lawyers special report recognizes exemplary performance by attorneys who deliver positive results…

    1 minute read

  • Manti Holdings, LLC v. Authentix Acquisition Co., Inc.

    Publication Date: 2019-08-28
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: John L. Reed, DLA Piper LLP, Wilmington, DE for petitioner.
    for defendant: Samuel A. Nolen, Richards, Layton & Finger, P.A., Wilmington, DE for respondent.

    Case Number: D68680

    Sophisticated stockholders could contractually waive statutory appraisal rights for a future transaction not yet contemplated where such waiver was expressly clear.

  • In re: Energy Future Holdings Corp.

    Publication Date: 2019-07-03
    Practice Area: Bankruptcy
    Industry: Energy | Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Bibas
    Attorneys: For plaintiff: GianClaudio Finizio and Neil B. Glassman, Bayard P.A., Wilmington, DE; Jeremy C. Hollembeak, Michael S. Kim, Benjamin J. Sauter and Andrew D. Wang, Kobre & Kim, New York, NY for Delaware Trust Co. Ashley R. Altschuler and R. Craig Martin, DLA Piper, Wilmington, DE
    for defendant: Thomas J. Curtin, Ellen M. Halstead, Howard R. Hawkins, Jr., Michele Maman and Mark C. Ellenberg, Cadwalader Wicker-sham & Taft, New York, NY and Washington, DC; Scott B. Czerwonka, Wilks Lukoff & Bracegirdle, Wilmington, DE for Mor-gan Stanley Capital Group Inc. George A. Davis, Latham & Watkins, New York, NY; Michael D. DeBaecke, Ashby & Geddes, Wilmington, DE; Peter M. Friedman, Jonathan Rosenberg and Daniel S. Shamah, O'Melveny & Myers, Washington, DC and New York, NY; Thomas R. Hooper and Mark D. Kotwick, Seward & Kissel, New York, NY; Joseph H. Huston, Jr., Stevens & Lee, Wilmington, DE for Wilmington Trust N.A. Mark E. Felger and Simon Fraser, Cozen O'Connor, Wilmington, DE; Hu-mayun Khalid, Thomas J. Moloney and Sean A. O'Neal, Cleary Gottlieb Steen & Hamilton, New York, NY for J. Aron & Co. Bradley R. Aronstam and Nicholas D. Mozal, Ross Aronstam & Moritz, Wilmington, DE , Adam B. Banks, Weil Gotshal & Manges, New York, NY for Titan Investment Holdings LP.

    Case Number: D68617

    Following approval of a bankruptcy plan and corporate restructuring, payments and distributions to creditors were no longer considered collateral or proceeds under the waterfall provision of an intercreditor agreement.

  • May 23, 2019 | Daily Business Review

    Considerations for Investing in China: Overcome Fears, Challenges Now

    With the hype of trade war between China and the United States, China passed the new Foreign Investment Law on March 15, which will go into effect Jan. 1, 2020.

    1 minute read

  • February 27, 2019 | Daily Business Review

    Corporate Attorney Joshua Samek Moves to DLA Piper

    The new arrival from Greenberg Traurig focuses on M&A, securities offerings and transaction financing.

    1 minute read

  • In re Xura, Inc. Stockholder Litig.

    Publication Date: 2019-01-02
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: A. Thompson Bayliss and David A. Seal, Abrams & Bayliss LLP, Wilmington, DE for plaintiff.
    for defendant: Robert S. Saunders, Arthur R. Bookout, Matthew P. Majarian, and Haley S. Stern, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington DE; John L. Reed, Ethan H. Townsend, Peter H. Kyle, and Harrison S. Carpenter, DLA Piper LLP, Wilmington, DE for defendants.

    Case Number: D68407

    Objecting shareholder could maintain parallel appraisal and breach of fiduciary duty claims where breach claims were based on failure to disclose material facts and shareholder sought traditional remedies for breach of fiduciary duty, such as rescission or disgorgement, rather than a quasi-appraisal remedy.