• 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: AmTrust Fin. Serv., Inc. Stockholder Litig.

    Publication Date: 2020-03-11
    Practice Area: Mergers and Acquisitions
    Industry: Insurance | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor Bouchard
    Attorneys: For plaintiff: Ned Weinberger, Thomas Curry and Mark D. Richardson, Labaton Sucharow LLP, Wilmington, DE; Jay W. Eisenhofer, Mi-chael J. Barry and Kyle J. McGee, Grand & Eisenhofer P.A., Wilmington, DE; Marcus E. Montejo, Stephen D. Dargitz and John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Carl L. Stine, Adam J. Blander and Antoinette Adesanya, Wolf Popper LLP, New York, NY; Jeremy Friedman, Spencer Oster and David Tejtel, Friedman Oster & Tejtel, PLLC, New York, NY; Eric L. Zagar, Robin Winchester, Michael C. Wagner and Christopher M. Windover, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; David Wales and Edward Timlin, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Joseph E. White, III, Adam D. Warden, Steven B. Singer and Joshua Saltzman, Saxena White P.A., Boca Raton, FL and White Plains, NY for plaintiffs.
    for defendant: Edward B. Micheletti and Bonnie W. David, Skadden, Arps, Slate, Meagher & Flow LLP, Wilmington, DE for Stone Point, Trident and Parallel Fund defendants. Gregory P. Williams, Blake Rohrbacher, Daniel E. Kaprow and Ryan D. Konstanzer, Richards, Layton & Finger, P.A., Wilmington, DE; Tariq Mundiya and Sameer Advani, Willkie Farr & Gallagher LLP, New York, NY for defendants DeCarlo, Fisch, Gulkowitz and Rivera. Daniel A. Mason, Andrew G. Gordon and William A. Clareman, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE and New York, NY for Zyskind, Karfunkel and Ev-ergreen defendants.

    Case Number: D68906

    Plaintiffs alleged sufficient facts to support a reasonable inference that certain defendants participated in a breach of fiduciary duty, so the entire fairness standard applied. The court dismissed the remainder of plaintiffs' claims.

  • January 31, 2020 | Legaltech News

    Orrick Becomes Third Big Law Firm to Invest in Reynen Court's App Store

    Orrick's investment was made public Thursday, the day before Reynen Court announced its own commercial release, exiting the beta period that was launched last August.

    1 minute read

  • January 30, 2020 | The American Lawyer

    Orrick Pours Cash Into Reynen Court, Newly Launched 'App Store' for Legal Tech

    The move makes Orrick the third law firm to invest in the platform, after Clifford Chance and Latham & Watkins helped raise $7 million. 

    1 minute read

  • January 30, 2020 | The Recorder

    Orrick Invests in Newly Launched 'App Store' for Legal Tech

    Orrick, Herrington & Sutcliffe is the third law firm to invest in the Reynen Court platform, after Clifford Chance and Latham & Watkins previously raised $7 million. 

    1 minute read

  • Keystone Assoc. LLC v. Barclays Bank PLC

    Publication Date: 2020-01-29
    Practice Area: Securities Litigation
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Timothy R. Dudderar and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; David J. Jordan and Michael R. Menssen, Stoel Rives LLP, Salt Lake City, UT for plaintiff.
    for defendant: Robert S. Saunders and Jeffrey Geier, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, DE and New York, NY for defendant.

    Case Number: D68858

    Plaintiffs failed to satisfy the heightened pleading standard with respect to their fraud and securities claims, and they did not allege a fiduciary relationship in connection with the negligent representation claim.

  • PPL Corp. v. Riverstone Holdings LLC

    Publication Date: 2019-11-06
    Practice Area: Contractual Disputes
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Paul J. Lockwood, Robert A. Weber, Nicole A. DiSalvo, Skadden Arps, Slate, Meagher & Flom, Wilmington, DE; George A. Zimmerman, Jonathan Frank, Tansy Woan, Andrew N. Goldman and Charles C. Platt, Skadden Arps, Slate, Meagher & Flom, New York, NY for PPL plaintiffs.
    for defendant: Thomas G. Macauley, Macauley LLC, Wilmington, DE; Joshua L. Siefert of Joshua L. Siefert PLLC, New York, NY for plaintiff Farr. Rolin P. Bissell and James M. Yoch, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Melissa L. James and Devin L. Kerns, Vinson & Elkins LLP, Dallas, TX for Riverstone, Raven Power, C/R Energy and Sapphire Power defendants. David E. Ross and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Karl Stern and Kate K. Shih, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Andrew J. Rossman, Quinn Emanuel Urquhart & Sullivan, LLP, New York NY; Adam B. Wolfson of Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for Talen defendants.

    Case Number: D68763

    The court denied defendant's motion to dismiss or stay this action, because the agreement at issue contained a Delaware fo-rum selection clause.

  • Morris v. Spectra Energy Partners (DE) GP, LP

    Publication Date: 2019-10-16
    Practice Area: Class Actions
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Michael J. Barry and Michael T. Manuel, Grant & Eisenhofer P.A., Wilmington, DE; Peter B. Andrews and Craig J. Springer, Andrews & Springer LLC, Wilmington, DE; Jeremy Friedman, Spender Oster and David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY for plaintiff.
    for defendant: Robert S. Saunders, Ronald N. Brown, III, Ryan M. Lindsay, Noelle M. Reed, Daniel S. Mayerfeld and Alston L. Walker, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE and Houston, TX for defendant.

    Case Number: D68737

    The value of a derivative claim was not material in the context of a merger, so plaintiff lacked standing in this class action.

  • AJ Energy LLC v. Woori Bank

    Publication Date: 2019-10-02
    Practice Area: Contractual Disputes
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. District Court for the Southern District of New York, U.S. - SDNY
    Judge: District Judge Jesse Furman
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 18-CV-3735

    Firm's Claim South Korean Bank Stole 8 Billion Euros Dismissed as Facially Implausible