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  • McLoughlin v. Cantor Fitzgerald, L.P.

    Publication Date: 2024-12-17
    Practice Area: Antitrust
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Connolly
    Attorneys: For plaintiff: Blake A. Bennett, Cooch & Taylor P.A., Wilmington, DE; Velvel Freedman, Freedman Normand Friedland LLP, Miami, FL; Amos Friedland, Kyle W. Roche, Alex Potter, Stephen Lagos, Freedman Normand Friedland LLP, New York, NY for plaintiffs.
    for defendant: C. Barr Flinn, Anne Shea Gaza, Robert M. Vrana, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Benjamin R. Nagin, Eric G. Hoffman, Sidley Austin LLP, New York, NY; Tacy F. Flint, Frank J. Favia, Jr., Sidley Austin LLP, Chicago, IL for defendants.
    Case Number: 23-CV-256-CFC

    Plaintiffs' antitrust claims failed where valid and enforceable non-compete provisions between employers and employees did not implicate antitrust concerns.

  • XRI Inv. Holdings LLC v. Holifield

    Publication Date: 2024-08-06
    Practice Area: Corporate Governance
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: A. Thompson Bayliss, Samuel D. Cordle, Eric A. Veres, Abrams & Bayliss LLP, Wilmington, DE; Angela C. Zambrano, Yolanda Cornejo Garcia, Margaret Hope Allen, Sidley Austin LLP, Dallas, TX; Robin Wechkin, Sidley Austin LLP, Issaquah, WA for plaintiff.
    for defendant: Michael W. McDermott, Richard I. G. Jones, Jr., David B. Anthony, Zachary J. Schnapp, Berger McDermott LLP, Wilmington, DE for defendants.
    Case Number: 2021-0619-JTL

    Breach of LLC agreement's no-transfer provision was willful where member was charged with knowledge of the provision and knew that transferring his units was a critical part of a loan transaction he was attempting to close, as the member merely reasonably believed that the LLC would not object to the transaction.

  • July 31, 2024 | The American Lawyer

    Paul Weiss Hires Funds Partner From Kirkland

    The move comes as the firm continues to grow in London.

    2 minute read

  • July 15, 2024 | Daily Report Online

    Alston & Bird Adds NY Funds Formation Specialist From Schulte

    Heather Wyckoff said she often works to create funds for which "there is no precedent," which "meshes well with the team here and the level of sophistication and creativity I see among my colleagues in the funds space."

    4 minute read

  • In re Hennessy Capital Acquisition Corp. IV Stockholder Litig.

    Publication Date: 2024-06-18
    Practice Area: Mergers and Acquisitions
    Industry: Automotive | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Will
    Attorneys: For plaintiff: P. Bradford deLeeuw, deLeeuw Law LLC, Wilmington, DE; Robert C. Schubert, Willem F. Jonckheer, Schubert Jonckheer & Kolbe LLP, San Francisco, CA for plaintiff.
    for defendant: Kevin R. Shannon, Christopher N. Kelly, Daniel M. Rusk IV, Potter Anderson & Corroon LLP, Wilmington, DE; James W. Ducayet, Heather Benzmiller Sultanian, Thomas H. Collier, Sidley Austin LLP, Chicago, IL for defendants.
    Case Number: 2022-0571-LWW

    Breach of fiduciary duty claims arising from de-SPAC transaction dismissed where claims were based on post-merger developments and thus there was no evidence that defendants failed to disclose material information to public stockholders considering redemption or investment.

  • April 5, 2024 | Law.com

    Inside Track: Activist Investors Poised to Wreak More Havoc, Despite Disney Defeat

    "Armed with extensive financial analysis and a deep understanding of the industries they target, activists are increasingly likely to make the case that breaking up or selling off certain divisions or subsidiaries would create more value for shareholders," Vinson & Elkins told clients.

    4 minute read

  • March 11, 2024 | National Law Journal

    Weil Hires SEC Veteran, Amid String of DC Partner Moves in Big Law

    Christopher Mulligan was at the agency for more than a decade, while Sidley Austin and Brownstein Hyatt Farber Schreck have brought on board new litigators.

    3 minute read

  • Holifield v. XRI Inv. Holdings LLC

    Publication Date: 2023-09-18
    Practice Area: Corporate Entities
    Industry: Consulting | Energy | Investments and Investment Advisory
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Michael W. McDermott, Richard I. G. Jones, Jr., David B. Anthony, Zachary J. Schnapp, Harry W. Shenton, IV, Berger Harris LLP, Wilmington, DE for appellants.
    for defendant: A. Thompson Bayliss, Eric A. Veres, Abrams & Bayliss LLP, Wilmington, DE; Robert N. Hochman, Sidley Austin LLP, Chicago, IL, Margaret Hope Allen, Angela C. Zambrano, Yolanda Cornejo Garcia, Sidley Austin LLP, Dallas, TX; Robin Wechkin, Sidley Austin LLP, Issaquah, WA for appellee.
    Case Number: 407, 2022

    Court declined to disavow jurisprudence holding that parties to an LLC agreement could impose incurable voidness on purported transactions under the agreement since the Delaware Limited Liability Company Act gave broad contractual freedom in an operating agreement.

  • The Samuel J. Heyman 1981 Continuing Trust for Lazarus S. Heyman v. Ashland LLC

    Publication Date: 2022-10-04
    Practice Area: Contractual Disputes
    Industry: Chemicals and Materials | Investments and Investment Advisory | Manufacturing
    Court: Delaware Supreme Court
    Judge: Justice Vaughn
    Attorneys: For plaintiff: William M. Lafferty, Miranda N. Gilbert, John P. DiTomo, Lauren N. Bennett, Thomas P. Will, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Robert N. Hochman, Heather Benzmiller Sultanian, Sidley Austin LLP, Chicago, IL; Eamon P. Joyce, Sidley Austin LLP, New York, NY; Andrew J. Rossman, Jonathon B. Oblak, Nicholas Hoy, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for appellants.
    for defendant: Christopher Viceconte, Gibbons, P.C., Wilmington DE; Jennifer A. Hradil, William S. Hatfield, Camille V. Otero, Joshua R. Elias, Gibbons, P.C., Newark, NY for appellees.
    Case Number: 279, 2021

    Court reversed Superior Court's ruling in a breach of contract case finding that the clear and unambiguous language of the stock-purchasing agreement allocated all off-site environmental cleanup liabilities to appellee.

  • XRI Inv. Holdings LLC v. Holifield

    Publication Date: 2022-09-27
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: A. Thompson Bayliss, John M. Seaman, Eric A. Veres, Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; Margaret H. Allen, Yolanda C. Garcia, Angela C. Zambrano, Sidley Austin LLP, Dallas, TX for plaintiff.
    for defendant: Michael W. McDermott, Richard I. G. Jones, Jr., David B. Anthony, Zachary J. Schnapp, Berger Harris LLP, Wilmington, DE for defendants.
    Case Number: 2021-0619-JTL

    Though the LLC agreement's provisions required declaring the transfer of member interest void ab initio, case law might need to be reconsidered to allow courts of equity to consider equitable defenses to breach of contract claims.