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  • In re Pattern Energy Group. Inc. Sec. Litig.

    Publication Date: 2023-04-11
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Sue L. Robinson, Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Andrew J. Entwistle, Entwistle & Cappucci LLP, Austin, TX; Vincent R. Cappucci, Arthur V. Nealon, Brendan J. Brodeur, Jonathan H. Beemer, Jessica A. Margulis, Entwistle & Cappucci LLP, New York, NY; Marc M. Seltzer, Krysta Kauble Pachman, Susman Godfrey L.L.P., Los Angeles, CA for plaintiffs.
    for defendant: A. Thompson Bayliss, April M. Ferraro, Christopher Fitzpatrick Cannataro, Abrams & Bayliss LLP, Wilmington, DE; Alan S. Goudiss, K. Mallory Brennan, Sherman & Sterling LLP, New York, NY; Christian E. Myrold, Shearman & Sterling LLP, San Francisco, CA; Matthew D. Stachel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; Jaren Janghorbani, Geoffrey Chepiga, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for defendants.
    Case Number: 20-275 (MN) (JLH)

    Court hearing claims under §14(a) properly excluded shareholders who sold their stock after the merger approval vote but before closing, since their alleged pecuniary injury did not directly arise from the challenged merger.

  • United States v. United States Sugar Corp.

    Publication Date: 2022-10-11
    Practice Area: Antitrust
    Industry: Federal Government | Food and Beverage
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Laura Hatcher, Shamoor Anis, United States Attorney’s Office, Wilmington, DE; Brian Hanna, Jonathan Y. Mincer, Jenigh Garrett, Jill Ptacek, United States Department of Justice, Washington, DC for plaintiff.
    for defendant: Jack Blumenfeld, Brian Egan, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Lawrence Buterman, Latham & Watkins LLP, New York, NY; Amanda Reeves, Latham & Watkins LLP, Washington, DC; Elyse M. Greenwald, Latham & Watkins LLP, Los Angeles, CA; Daniel K. Hogan, Daniel C. Kerrick, Hogan McDaniel, Wilmington, DE; Peter J. Schwingler, Stinson LLP, Minneapolis, MN; Kelly E. Farnan, Richards, Layton & Finger, P.A., Wilmington, DE; Amanda L. Wait, Vic Domen, Norton Rose Fulbright US LLP, Washington, DC; Darryl Wade Anderson, Norton Rose Fulbright US LLP, Houston, TX; Christine A. Varney, David R. Marriott, Peter T. Parbur, Timothy G. Cameron, Cravath, Swaine & Moore LLP, New York, NY for defendants.
    Case Number: 21-1644 (MN)

    Court denied a request by plaintiff to enjoin an acquisition of a sugar company the Government argued would result in a monopoly of the sugar market in the southeastern United States. The court reviewed evidence from trial noting that the markets for industrial consumers were different from retail consumers, thus broadening the base and the market. The court further found that plaintiff's argument was undermined by the fact that they control the sugar supply within the United States.

  • In re: The Weinstein Co. Holdings, LLC

    Publication Date: 2022-08-23
    Practice Area: Bankruptcy
    Industry: Entertainment and Leisure
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: R. Crain Martin, Matthew S. Sama, DLA Piper LLP (US), Wilmington, DE; Brett Ingerman, DLA Piper LLP (US), Baltimore, MD; Rachel Ehrlich Albanese, DLA Piper LLP (US), New York, NY for appellant.
    for defendant: Robert S. Chapman, Sauer & Wagner LLP, Los Angeles, CA; Adam G. Landis, Kerri K. Mumford, Landis Rath & Cobb LLP, Wilmington, DE for appellee.
    Case Number: D69931

    Bankruptcy court correctly interpreted asset purchase agreement as entitling affiliate to payment on his participation interest where APA expressly identified the interest as a permitted lien that purchaser remained subject to, and thus the broader, general exclusion of obligations to debtor's affiliates did not control.

  • In re: Essar Steel Minnesota LLC

    Publication Date: 2022-08-02
    Practice Area: Bankruptcy
    Industry: Construction | Manufacturing | Mining and Resources
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Garvan F. McDaniel, Daniel K. Hogan, Hogan McDaniel, Wilmington, DE; Stephen W. Tountas, Robert W. Novick, Melissa Barahona, Kasowitz Benson Torres LLP, New York, NY for plaintiff.
    for defendant: Mark E. Felger, Simon E. Fraser, Cozen O’Connor, Wilmington, DE; Karen M. Grivner, Clark Hill PLC, Wilmington, DE; Scott N. Schreiber, Michael P. Croghan, Clark Hill PLC, Chicago, IL for defendants.
    Case Number: D69909

    Motion for leave to appeal bankruptcy court's ruling on the applicable statute of limitations denied where resolution of the issue would not exclude most, if any, of the litigation trustee's fiduciary claims against defendants, and therefore would not materially advance the litigation.

  • Univar Solutions Inc. v. Geisenberger

    Publication Date: 2022-06-21
    Practice Area: Administrative Law
    Industry: Chemicals and Materials | Distribution and Wholesale | State and Local Government
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Matthew J. Rifino, Travis Ferguson, McCarter & English LLP, Wilmington, DE; Jameel S. Turner, James G. Ryan, Bailey Cavalieri LLC, Columbus OH for plaintiff.
    for defendant: Melanie K. Sharp, Martin S. Lessner, Mary F. Dugan, Robert M. Vrana, Young Conaway Stargett & Taylor, LLP, Wilmington, DE for defendants.
    Case Number: D69858

    Constitutional challenges to audit under state escheat law overruled where there was no showing that state would undertake estimation of escheated property held by entity and where seizure of property owned by entities with foreign last known addresses did not violate the foreign commerce clause.

  • In re Pattern Energy Group Inc. Sec. Litig.

    Publication Date: 2022-04-12
    Practice Area: Securities Litigation
    Industry: Energy | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Sue L. Robinson, Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Andrew J. Entwistle, Entwistle & Cappucci LLP, Austin, TX; Vincent R. Cappucci, Arthur V. Nealon, Brendan J. Brodeur, Jonathan H. Beemer, Jessica A. Margulis, Entwistle & Cappucci LLP, New York, NY; Marc M. Seltzer, Krysta Kauble Pachman, Susman Godfrey L.L.P., Los Angeles, CA for plaintiffs.
    for defendant: A. Thompson Bayliss, April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Alan S. Goudiss, K. Mallory Brennan, Shearman & Sterling LLP, New York, NY; Christina E. Myrold, Shearman & Sterling LLP, San Francisco, CA for defendants.
    Case Number: D69781

    Motion to dismiss Exchange Act violations denied where plaintiffs plausibly alleged that defendant board had acknowledged that a competing merger offer constituted a better value and would provide stockholders with a higher price, and knew at the time of voting to approve another offer that the competing bidder was willing to continue discussing more favorable terms of merger.

  • United States v. U.S. Sugar Corp.

    Publication Date: 2022-02-01
    Practice Area: Antitrust
    Industry: Agriculture | Food and Beverage
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Laura D. Hatcher, Chief, Civil Division, Shamoor Anis, United States Attorney’s Office, Wilmington, DE; Brian Hanna, Jonathan Y. Mincer, Jenigh Garrett, Jill Ptacek, United States Department Of Justice, Antitrust Division, Washington, DC for plaintiff.
    for defendant: Jack B. Blumenfeld, Brian P. Egan, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Lawrence E. Buterman, Latham & Watkins LLP, New York, NY; Amanda P. Reeves, Latham & Watkins LLP, Washington, DC; Elyse M. Greenwald, Latham & Watkins LLP, Los Angeles, CA; Daniel K. Hogan, Daniel C. Kerrick, Hogan McDaniel, Wilmington, DE; Peter J. Schwingler, Stinson LLP, Minneapolis, MN; Kelly E. Farnan, Richards, Layton & Finger, P.A., Wilmington, DE; Amanda L. Wait, Vic Domen, Norton Rose Fulbright US LLP, Washington, DC; Darryl Wade Anderson, Norton Rose Fulbright US LLP, Houston, TX; Christine A. Varney, David R. Marriott, Peter T. Parbur, Timothy G. Cameron, Cravath, Swaine & Moore LLP, New York, NY for defendants.
    Case Number: D69700

    Court declined to transfer government's Clayton Act suit where the government had filed suit in the state of incorporation of the parties to the challenged transaction, where the corporate parties had also agreed to hear claims arising from their transaction, such that the government's of forum was entitled to substantial deference.

  • Columbus Life Ins. Co. v. Wilmington Trust, N.A.

    Publication Date: 2021-09-22
    Practice Area: Insurance Law
    Industry: Insurance
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Donald L. Gouge, Jr., Donald L. Gouge, Jr., LLC, Wilmington, DE; Michael J. Miller, Joseph M. Kelleher, Philip J. Farinella, Cozen O’Connor, Philadelphia, PA for plaintiff.
    for defendant: Kevin G. Abrams, John M. Seaman, Abrams & Bayliss LLP, Wilmington, DE; Harry S. Davis, Robert E. Griffin, Schulte Roth & Zabel LLP, New York, NY; Aislinn K. Affinito, Schulte Roth & Zabel LLP, Washington, DC for defendant.
    Case Number: D69542

    Promissory estoppel and negligent misrepresentation counterclaims failed where holder of stranger-owned life insurance policy could not succeed on a legal claim to require insurer to pay out on the illegal and void policy.

  • In re: Zohar III, Corp.

    Publication Date: 2021-09-08
    Practice Area: Bankruptcy
    Industry: Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Norman L. Pernick, G. David Dean, Patrick J. Reilley, Cole Schotz, PC, Wilmington, DE; Monica K. Loseman, Gibson, Dunn & Crutcher LLP, Denver, CO; Randy M. Mastro, Akiva Shapiro, Michael L. Nadler, Gibson, Dunn & Crutcher LLP, New York, NY; Michael G. Farag, Gibson, Dunn & Crutcher LLP, Los Angeles, CA for appellant.
    for defendant: James L. Patton, Jr., Robert S. Brady, Michael R. Nestor, Joseph M. Barry, Ryan M. Bartley, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for debtors.
    Case Number: D69533

    Bankruptcy court properly interpreted a disputed term based on the plain language of the contract itself, so extrinsic evidence was not necessary.

  • In re: Ursa Operating Co. LLC

    Publication Date: 2021-06-09
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | Energy | Real Estate
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Maria Aprile Sawczuk, Goldstein & McClintock, LLP, Wilmington, DE; George A. Barton, Taylor P. Foye, Barton and Burrows, LLC, Mission, KS for royalty claimants.
    for defendant: Robert S. Brady, Edmon L. Morton, Kenneth J. Enos, Joseph M. Mulvihill, Young Conaway Stargatt & Tay-lor, LLP, Wilmington, DE; Duston K. McFaul, Maegan Quejada, Sidley Austin LLP, Houston, TX; David Kronenberg, Sidley Austin LLP, Washington, DC; Robert S. Velevis, Sidley Austin LLP, Dallas, TX for wind-down debtor. John H. Knight, Amanda R. Steele, David T. Queroli, Richards, Layton & Finger, P.A., Wilmington, DE; Ana Alfonso, Erin Ryan, Wilkie Farr & Gallagher LLP, New York, NY for Wells Fargo Bank.
    Case Number: D69426

    Royalty claimants were not entitled to an emergency stay in this appeal because they failed to show irrepa-rable harm or a likelihood of success.