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  • In re SwervePay Acquisition, LLC

    Publication Date: 2022-09-13
    Practice Area: Mergers and Acquisitions
    Industry: Financial Services and Banking | Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Peter J. Walsh, Jr., Nicholas D. Mozal, Potter Anderson & Corroon LLP, Wilmington, DE; Orion Armon, Cooley LLP, Denver, CO; Luke Cadigan, Cooley LLP, Boston, MA; Alexandra Leeper, Cooley LLP, Palo Alto, CA; Katelyn Kang, Cooley LLP, New York, NY; Bradley Levison, Carrie A. Herschman, Herschman Levison Hobfall PLLC, Chicago, IL for plaintiffs.
    for defendant: A. Thompson Bayliss, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; David B. Hennes, Adam M. Harris, Alexander B. Simkin, Ropes & Gray LLP, New York, NY; Sarah M. Samaha, Ropes & Gray LLP, Washington, DC for defendants.
    Case Number: 2021-0447-KSJM

    Fraud claim arising from acquisition was not dismissed where sellers plausibly alleged that buyers overinflated the amount of monetizable revenue in the buyers' pipeline, which induced sellers into the transaction on the understanding they could hit contractual milestones for earnout payments.

  • Hologram, Inc. v. Caplan

    Publication Date: 2021-12-28
    Practice Area: Contracts
    Industry: E-Commerce
    Court: Court of Chancery
    Judge: Chancellor McCormick
    Attorneys: For plaintiff: Michael A. Barlow, Abrams & Bayliss LLP, Wilmington, DE; Michael C. Tu, Peter J. Brody, Cooley LLP, Santa Monica, CA for plaintiff.
    for defendant: Peter B. Ladig, Justin C. Barrett, Bayard, P.A., Wilmington, DE; Kenneth S.Ulrich, W. Kyle Walther, Goldberg Kohn LTD., Chicago, IL for defendant.
    Case Number: D69656

    The court held that plaintiff was entitled to a preliminary injunction to prevent defendant from pursuing arbitration against plaintiff where plaintiff will likely show that it never agreed to arbitrate defendant's claims.

  • Endowment Research Group, LLC v. Wildcat Venture Partners, LLC

    Publication Date: 2021-03-24
    Practice Area: Contracts
    Industry: Consulting | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: ohn M. Seaman, E. Wade Houston, Abrams & Bayliss LLP, Wilmington, DE; William C. Price, Michael T. Zeller, Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for plaintiff.
    for defendant: Gregory P. Williams, Robert L. Burns, Megan E. O’Connor, Richards, Layton & Finger, P.A, Wilmington, DE; Kathleen H. Goodhart, Cooley LLP, San Francisco, CA for defendant.
    Case Number: D69336

    Chancery court could exercise subject matter jurisdiction over alleged breach of contract claim where equitable relief might be required for breach of a NDA to prevent future misappropriation and because calculation of legal damages due to prior misappropriation could prove difficult.

  • In re Mindbody, Inc. Stockholders Litig.

    Publication Date: 2020-10-21
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Software
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Christopher Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Mark Lebovitch, Jeroen van Kwawegen, Christopher J. Orrico, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
    for defendant: Lisa A. Schmidt, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Yosef J. Riemer, John Del Monaco, Ian C. Spain, Kirkland & Ellis LLP, New York, NY; Ryan D. Stottmann, Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Patrick Gibbs, Sarah Lightdale, Cooley LLP, New York, NY for defendants.
    Case Number: D69162

    The court granted a motion to dismiss as to a corporate director, but it declined to dismiss claims against two corporate of-ficers.