• In re The Trade Desk, Inc. Derivative Litig.

    Publication Date: 2025-03-04
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Stephen E. Jenkins, Marie M. Degnan, Ashby & Geddes, P.A., Wilmington, DE; Frank R. Schirripa, Daniel B. Rehns, Kurt Hunciker, Kathryn Hettler, Isaac G. Netzer, Hach Rose Schirripa & Cheverie LLP, New York, NY; Gregory Mark Nespole, Daniel Tepper, Correy A. Suk, Levi & Korsinsky, LLP, New York, NY; David A. Jenkins, Neal C. Belgam, Jason Z. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Steven J. Purcell, Robert H. Lefkowitz, Anisha Mirchandani, Purcell & Lefkowitz LLP, New York, NY for plaintiffs.
    for defendant: Peter J. Walsh, Jr., Jacqueline A. Rogers, Potter Anderson & Corroon LLP, Wilmington, DE; Matthew Rawlinson, Latham & Watkins LLP, Menlo Park, CA; Colleen C. Smith, Latham & Watkins LLP, San Diego, CA; Kristin N. Murphy, Latham & Watkins LLP, Costa Mesa, CA; Bradley D. Sorrels, Andrew D. Cordo, Lauren G. DeBona, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; David J. Berger, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA; S. Toni Wormald, Wilson Sonsini Goodrich & Rosati, P.C., San Francisco, CA for defendants.

    Case Number: 2022-0461-PAF

    Court dismissed derivative complaint for lack of demand futility where plaintiff stockholders failed to allege sufficient facts to support finding that at least half of the demand board lacked independence from the controlling stockholder CEO or otherwise faced a substantial risk of liability for approving his equity compensation award without stockholder approval.

  • Alcon Research, LLC v. Aurion Biotech, Inc.

    Publication Date: 2025-02-11
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Jon E. Abramczyk, D. McKinley Measley, Elizabeth A. Mullin Stoffer, Jacob M. Perrone, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Monica K. Loseman, John D.W. Partridge, John Turquet Bravard, Gibson, Dunn & Crutcher LLP, Denver, CO; Mary Beth Maloney, Jonathan D. Fortney, Mark H. Mixon, Jr., Gibson, Dunn, Crutcher, New York, NY for plaintiff.
    for defendant: Richard R. Rollo, Travis S. Hunter, John M. O’Toole, Kevin M. Kidwell, Edmond S. Kim, Richards, Layton & Finger, P.A., Wilmington, DE; Brad D. Sorrels, Jessica A. Hartwell, Joshua A. Manning, Wilson Sonsini Goodrich & Rosati P.C., Wilmington, DE for defendant.

    Case Number: 2024-1102-KSJM

    Company did not require preferred stockholder's approval for reverse stock split as the split did not affect the number of authorized shares or fall within the scope of other corporate actions requiring approval under the terms of the stockholder's class of shares.

  • 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

  • Gunderson v. The Trade Desk, Inc.

    Publication Date: 2024-11-19
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Fioravanti
    Attorneys: For plaintiff: Gregory V. Varallo, Andrew E. Blumberg, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Christopher J. Orrico, Shiva Mohan, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Jeremy S. Friedman, David F.E. Tejtel, Alexander M. Krischik, David A. Rosenfeld, Friedman Oster & Tejtel PLLC, Bedford Hills, NY; Joel Fleming, Lauren Godles Milgroom, Equity Litigation Group LLP, Boston, MA; D. Seamus Kaskela, Adrienne Bell, Kaskela Law LLC, Newtown Square, PA for plaintiff;
    for defendant: Brad D. Sorrels, Andrew D. Cordo, Nora M. Crawford, Lauren G. DeBona, Jacqueline G. Conner, Wilson Sonsini Goodrich & Rosati P.C., Wilmington, DE; Colleen C. Smith, Latham & Watkins LLP, San Diego, CA; Blair Connelly, Zachary L. Rowen, Thomas Giblin, Latham & Watkins LLP, New York, NY; Ryan A. Walsh, Latham & Watkins LLP, Costa Mesa, CA; David J. Berger, Wilson Sonsini Goodrich & Rosati P.C., Palo Alto, CA for defendants.

    Case Number: 2024-1029-PAF

    Court declined to apply supermajority voting requirement under article of company's certificate of incorporation where it lacked language specifying its applicability to all possible forms of reincorporation.

  • 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 26, 2024 | Legaltech News

    Legal Writing Startup Clearbrief Raises $4M in New Funding Round

    Clearbrief, which has released a number of generative AI tools over the past year, noted that an investment fund associated with Wilson Sonsini Goodrich & Rosati participated in the round.

    3 minute read

  • 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

  • January 24, 2024 | Legaltech News

    Spellbook Raises $20 Million in Series A Funding, Plans New AI Capabilities, Platform Expansion

    Spellbook, which offers a generative AI-powered contract drafting and negotiation platform, is planning new developments focused on personalization, end-to-end workflows, accuracy and speed.

    4 minute read

  • December 28, 2023 | Legaltech News

    Where the Money Went: The Biggest Legal Tech Investments of 2023

    Generative AI-powered legal tech platforms secured some of the biggest funding rounds in a year when investments slowed significantly.

    1 minute read

  • September 19, 2023 | Legaltech News

    Israeli Legal Tech Startup Darrow Raises $35 Million in Series B Round

    Darrow, which markets itself as a "justice intelligence platform," uses generative AI to analyze and scan public data to find viable class action and litigation opportunities.

    2 minute read