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  • Former SARcode Shareholder LLC v. Novartis Pharma AG

    Publication Date: 2024-08-13
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Pharmaceuticals
    Court: Court of Chancery
    Judge: Vice Chancellor Cook
    Attorneys: For plaintiff: John G. Harris, Halloran Farkas + Kittila LLP, Wilmington, DE for plaintiff.
    for defendant: Stephen C. Norman, Jaclyn C. Levy, Emma K. Diver, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
    Case Number: 2022-1053-NAC

    Court denied motion to vacate judgment dismissing action to enforce information rights on res judicata grounds where existence of underlying clinical trial data had been known to parties in prior action, where they could have sued to enforce their information rights.

  • Chordia v. Lee

    Publication Date: 2024-01-15
    Practice Area: Corporate Governance
    Industry: Electronics | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Cook
    Attorneys: For plaintiff: Bradley R. Aronstam, R. Garrett Rice, Holly E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; Brian M. Burnovski, Andrew Ditchfield, Pascale Bibi, Nikolaus J. Williams, Marie Killmond, Danielle Mullery, Davis Polk & Wardwell LLP, New York, NY for plaintiffs.
    for defendant: William M. Lafferty, Ryan D. Stottmann, Lauren K. Neal, Alec Hoeschel, Grant E. Michl, Morris, Nichols, Arsht & Tunnel LLP, Wilmington, DE; Hallie B. Levin, Wilmer Cutler Pickering Hale & Dorr LLP, New York, NY; Timothy Perla, Wilmer Cutler Pickering Hale & Dorr LLP, Boston, MA; William Savitt, Jonathan M. Moses, Elaine Golin, Graham W. Meli, Ryan A. McLeod, Wachtell, Lipton, Rosen & Katz, New York, NY; Eric Seiler, Lance J. Gotko, Jason Rubinstein, David J. Ranzenhofer, Sofie Syed, Friedman Kaplan Seiler, Adelman & Robbins LLP, New York, NY; Kurt M. Heyman, Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for defendants.
    Case Number: 2023-0382-NAC

    Majority owner's intentional acts to remove founders from the company to eliminate their right to designate board members materially interfered with those rights in violation of the parties' stockholders' agreement's "reasonable efforts" clause.