• Tornetta v. Musk

    Publication Date: 2024-12-31
    Practice Area: Corporate Governance
    Industry: Automotive | Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Gregory V. Varallo, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer, David M. Sborz, Jackson E. Warren, Andrews & Springer LLC, Wilmington, DE; David E. Ross, Garrett B. Moritz, Thomas C. Mandracchia, Ross Aronstam & Moritz LLP, Wilmington, DE; Catherine A. Gaul, Randall J. Teti, Ashby & Geddes, P.A., Wilmington, DE; John L. Reed, Ronald N. Brown, III, Caleb G. Johnson, Daniel P. Klusman, DLA Piper LLP (US), Wilmington, DE; Christine M. Mackintosh, Grant & Eisenhofer, P.A., Wilmington, DE; Daniel A. Griffith, Whiteford Taylor & Preston LLC, Wilmington, DE for plaintiff.
    for defendant: William M. Lafferty, Susan W. Waesco, Ryan D. Stottmann, Miranda N. Gilbert, Jacob M. Perrone, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Rudolf Koch, John D. Hendershot, Kevin M. Gallagher, Andrew L. Milam, Richards, Layton & Finger, P.A., Wilmington, DE; A. Thompson Bayliss, Adam K. Schulman, Eliezer Y. Feinstein, Abrams & Bayliss LLP, Wilmington, DE; David S. Eagle, Sally E. Veghte, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE; Anthony A. Rickey, Margrave Law LLC, Wilmington, DE; Theodore A. Kittila, Halloran Farkas + Kittila LLP, Wilmington, DE for defendants.

    Case Number: 2018-0408-KSJM

    Court limited other stockholders' motions to intervene to appealing the court's opinion letter where broader intervention could undermine the finality of the case and the stockholders' interest were adequately represented by the named plaintiff in the class action.

  • December 18, 2024 | Legaltech News

    Legal Tech Startups That Law Firms Invested in Throughout 2024

     A number of law firms and law firm partners decided to contribute to legal tech funding rounds in 2024.

    1 minute read

  • Mehra v. Teller

    Publication Date: 2024-10-08
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: John L. Reed, Peter H. Kyle, Kelly L. Freund, Daniel P. Klusman, DLA Piper LLP (US), Wilmington, DE; Patrick J. Smith, Brian T. Burns, Michael K. Sala, Clark Smith Villazor LLP, New York, NY for plaintiffs.
    for defendant: Jon E. Abramczyk, D. McKinley Measley, Elizabeth A. Mullin Stoffer, Kirk C. Andersen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for defendants.

    Case Number: 2019-0812-KSJM

    Court found that equal sharing provision in parties' LLC agreement had been triggered entitling plaintiff to equal distributions at the subsidiary level by transferring his economic rights to the subsidiary following the holding company's dissolution.

  • Vladimir Gusinsky Revocable Trust v. Hayes

    Publication Date: 2024-08-06
    Practice Area: Corporate Governance
    Industry: Aerospace | Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE for plaintiff.
    for defendant: John L. Reed, DLA Piper LLP (US), Wilmington, DE for defendants.

    Case Number: 2022-1124-MTZ

    Derivative complaint failed due to lack of allegations of bad faith by board where record showed it never knowingly or intentionally disregarded any alleged requirement for a stockholder vote to amend corporation's employee equity awards.

  • July 23, 2024 | Legaltech News

    Clio Raises $900M Series F to Reach $3B Valuation With Help From New Investors

    The practice management software provider will leverage its latest funding round, which saw participation from Goldman Sachs, to accelerate its growth and product innovation, with plans for a new AI platform in the works.

    11 minute read

  • June 10, 2024 | Legaltech News

    Legal Research, Drafting Startup Alexi Raises $11 Million in Series A Funding

    Alexi said it will use the investment to grow its staff and continue building new products for the law firm market.

    2 minute read

  • June 3, 2024 | The Recorder

    Foley & Lardner Hires Former SoftBank GC in San Francisco, Eyeing Fund Formation Opportunities

    Brian Wheeler built a team of 40 lawyers managing more than $130 billion in investments at SoftBank Investment Advisors. Most recently, he was general counsel for HENI, an art services and technology company.

    3 minute read

  • In re Carvana Co. Stockholders Litig.

    Publication Date: 2024-04-08
    Practice Area: Corporate Entities
    Industry: Automotive | E-Commerce | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Christine M. Mackintosh, Rebecca A. Musarra, Grant & Eisenhofer, P.A., Wilmington, DE; Kimberly A. Evans, Robert Erikson, Irene R. Lax, Block & Leviton LLP, Wilmington, DE; Jason M. Leviton, Amanda R. Crawford, Block & Leviton LLP, Boston, MA; Ned Weinberger, Mark Richardson, Jiahui (Rose) Wang, Labaton Keller Sucharow LLP, Wilmington, DE; Domenico Minerva, John Vielandi, Labaton Keller Sucharow LLP, New York, NY for plaintiffs.
    for defendant: Joseph R. Slights III, Brad D. Sorrels, Shannon E. German, Leah E. León, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; David E. Ross, Adam D. Gold, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Brian M. Lutz, Gibson, Dunn & Crutcher LLP, San Francisco, CA; Colin B. Davis, Katie Beaudin, Gibson, Dunn & Crutcher LLP, Irvine, CA; John L. Reed, Ronald N. Brown, III, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP (US), Wilmington, DE for defendants.

    Case Number: 2020-0415-KSJM

    Court granted special litigation committee's motion to dismiss derivative action where members were sufficiently independent and disinterested and conducted a seven-month-long investigation that uncovered sufficient evidence to support the decision to move to dismiss.

  • March 22, 2024 | Legaltech News

    Compliance Startup SingleFile Raises $6.5M With Investments From Am Law 100 and TLTF

    SingleFile, a startup that offers a platform to automate the compliance filing process, is financially backed by a number of firms, including Wilson Sonsini, Cooley and others.

    3 minute read

  • March 21, 2024 | National Law Journal

    Big Law Takes Bigger Bet on Contingency Fee Practices

    Kirkland, Crowell, Quinn and Susman Godfrey, among others, have all had financial gains from contingency fee cases. "We've seen a noticeable increase in interest in building out plaintiff side practices," said Evan Meyerson, at Burford Capital.

    6 minute read