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  • Florida Chem. Co., LLC v. Flotek Indus., Inc.

    Publication Date: 2021-09-01
    Practice Area: Contractual Disputes
    Industry: Chemicals and Materials | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Kevin R. Shannon, Christopher N. Kelly and Daniel M. Rusk, IV, Potter Anderson & Corroon LLP, Wilmington, DE; William C. O’Neil, Joanna R. Travalini, Adam J. Smith, Winston & Strawn LLP, Chicago, IL for plaintiffs.
    for defendant: A. Thompson Bayliss, J. Peter Shindel, Adam K. Schulman, Abrams & Bayliss LLP, Wilmington, DE; Layne E. Kruse, Joy Soloway, Kelly Potter, Norton Rose Fulbright US LLP, Houston, TX for defendants.
    Case Number: D69522

    Seller's subsidiary was bound to a forum selection clause based on estoppel, even though it was not a signatory to the sale agreement.

  • Smash Franchise Partners v. Kanda Holdings, Inc.

    Publication Date: 2020-08-26
    Practice Area: Trade Secrets
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Lauren Neal Bennet, Sarah P. Kaboly and D. McKinley Measley, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Tracy N. Betz and Neil Peluchette, Taft, Stettinius & Hollister LLP, Indianapolis, IN for plaintiffs.
    for defendant: Michael F. Bonkowski and Andrew L. Cole, Cole Schotz P.C., Wilmington, DE; Steven K. Fedder, Fedder & Janofsky LLC, Baltimore, MD for defendants.
    Case Number: D69100

    Although plaintiffs were not entitled to an injunction shutting down defendants' business, the court granted a limited temporary injunction regarding certain statements made by defendants on their website.

  • August 14, 2020 | New York Law Journal

    Validating Defective Corporate Acts Under DGCL Sections 204 and 205

    In their corporate litigation column, Joseph M. McLaughlin and Shannon K. McGovern discuss the recent decision in 'Applied Energetics,' which explores the remedies of ratification and validation in Sections 204 and 205 of the Delaware General Corporation Law.

    1 minute read

  • Bamford v. Penfold, L.P.

    Publication Date: 2020-03-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: David J. Margules, Elizabeth A. Sloan, and Brittany M. Giusini, Ballard Spahr LLP, Wilmington, DE; Wallace G. Hilke, Mark S. Enslin, Ballard Spahr LLP, Minneapolis, MN; Jeffrey S. Cianciulli, Weir & Partners, Wilmington, DE; Peter N. Kessler, Kutak Rock LLP, Philadelphia, PA for plaintiffs.
    for defendant: John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Marc R. Rosen, Joshua K. Bromberg, Kleinberg, Kaplan, Wolff & Cohen, P.C., New York, NY; William B. Chandler III, Bradley D. Sorrels, Shannon E. German, Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE, attorneys for defendants.
    Case Number: D68910

    Derivative fraud and unjust enrichment claims dismissed as duplicative of plaintiffs' direct claims for breach of fiduciary duties and conversion.

  • October 10, 2018 | New York Law Journal

    'Akorn v. Fresenius': A Rare Decision Finding 'Material Adverse Effect'

    Corporate Litigation columnists Joseph M. McLaughlin and Shannon K. McGovern discuss 'Akorn v. Fresenius Kabi AG', which has drawn considerable interest as the first decision applying Delaware law that found an MAE warranting a buyer's exercise of merger termination rights. While 'Akorn' may embolden future parties to test the breadth of their own MAE provisions, the decision appears driven by extraordinary facts and now awaits review in the Delaware Supreme Court.

    1 minute read

  • March 26, 2015 | New York Law Journal

    The Unintended Consequences of Proxy Access Elections

    It's official: Proxy access is the darling of the 2015 season. Shareholder-sponsored proxy access proposals are on the ballots of more than 100 U.S. public companies this spri

    1 minute read

  • March 25, 2015 | New York Law Journal

    The Unintended Consequences of Proxy Access Elections

    In their Corporate Governance column, David A. Katz and Laura A. McIntosh of Wachtell, Lipton, Rosen & Katz discuss the proliferation of proxy access proposals and write that it is very much an open question whether proxy access will become an established part of U.S. corporate governance.

    1 minute read

  • RIO Tinto PLC, Plaintiff v. Vale S.A., et al., Defendants, 14 Civ. 3042

    Publication Date: 2015-03-20
    Practice Area:
    Industry:
    Court: U.S. District Court, Southern District
    Judge: Magistrate Judge Andrew Peck
    Attorneys: For plaintiff: Counsel for Plaintiff Rio Tinto plc.: William A. Burck, Eric C. Lyttle, Michael J. Lyle, Stephen M. Hauss, Quinn Emanuel Urquhart & Sullivan, LLP, Washington, DC.
    for defendant: Counsel for Defendant Vale S.A.: Jonathan I. Blackman, Lewis J. Liman, Boaz S. Morag, Cleary Gottlieb Steen & Hamilton LLP.
    Case Number: 14 Civ. 3042

    Cite as: RIO Tinto PLC v. Vale S.A., 14 Civ. 3042, NYLJ 1202721158780, at *1 (SDNY, Decided March 2, 2015) 14 Civ. 3042 Magistrate Judge Andre

  • March 24, 2011 | New York Law Journal

    'Del Monte' and Responsibility of Board in a Sales Process

    The acquisition of Del Monte Foods Co. by a group of financial buyers was completed earlier this month.1 The shareholder vote, which took place in early March, had been delayed for 20 da

    1 minute read

  • March 28, 2012 | The American Lawyer

    Big Suits

    U.S. v. Countrywide et al. On February 9, Bank of America Corporation agreed to pay $1 billion to settle a federal probe

    1 minute read