Publication Date: 2025-02-18
Practice Area: Mergers and Acquisitions
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor David
Attorneys: For plaintiff: Stephen E. Jenkins, Richard D. Heins, Tiffany Geyer Lydon, Ashby & Geddes, P.A., Wilmington, DE; Donald J. Enright, Elizabeth K. Tripodi, Brian D. Stewart, Levi & Korsinsky, LLP, Washington, D.C; Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; Michael J. Palestina, Kahn Swick & Foti, LLC, New Orleans, LA for plaintiffs.
for defendant: Kevin R. Shannon, Jaclyn C. Levy, Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE; Stephen H. Lee, Joseph D. Cohen, Christopher G. Wawro, Porter Hedges LLP, Houston, TX; J. Clayton Athey, David C. Skoranski, Prickett, Jones & Elliott, P.A., Wilmington, DE; Edward Han, Alyssa K. Tapper, Paul Hastings LLP, Palo Alto, CA; April M. Ferraro, Noah H. Brown, Abrams & Bayliss LLP, Wilmington, DE; Michael C. Holmes, Jeffrey Crough, Virginia DeBeer, Megan Cloud, Vinson & Elkins LLP, Dallas, TX for defendants.
Case Number: 2023-1125-BWD
Shareholder's voting power was insufficient by itself to give rise to an inference of a controller position and company's formation of a special committee weighed against, not in favor of, finding controller status.
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