• In Re: Altaba, Inc.

    Publication Date: 2021-10-27
    Practice Area: Mergers and Acquisitions
    Industry: E-Commerce | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Paul J. Lockwood, Arthur R. Bookout, Matthew P. Majarian, Kathryn S. Bartolacci, Gregory P. Ranzini, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; David E. Ross, Ross Aronstam & Moritz LLP, Wilmington, DE for petitioner.
    for defendant: Michael A. Pittenger, Berton W. Ashman, Jr., David A. Seal, Potter Anderson & Corroon LLP, Wilmington, DE; William Savitt, Adam M. Gogolak, Wachtell, Lipton, Rosen & Katz, New York, NY for claimants.

    Case Number: D69582

    During the process of sale and dissolution, company failed to provide sufficient security to cover potential indemnification claims incurred by buyer.

  • In re: Appraisal of Regal Ent. Group

    Publication Date: 2021-06-02
    Practice Area: Mergers and Acquisitions
    Industry: Entertainment and Leisure
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Samuel T. Hirzel, II, Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; David J. Margules, Elizabeth A. Sloan, Ballard Spahr LLP, Wilmington, DE; Thomas E. Redburn, Jr., Maya Ginsburg, Lowenstein Sandler LLP, New York, NY for petitioners.
    for defendant: Robert S. Saunders, Jenness E. Parker, Lauren N. Rosenello, Kaitlin E. Maloney, Justin C. Barrett, Andrew D. Kinsey, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE for respondents.

    Case Number: D69419

    In this statutory appraisal proceeding, the court relied on the deal price minus synergies, and then added value connected with changes which occurred between the time of the merger agreement and the closing date.

  • Stream TV Networks, Inc. v. SeeCubic, Inc.

    Publication Date: 2020-12-30
    Practice Area: Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Scott D. Cousins, Cousins Law, LLC, Wilmington, DE; Luis Salazar, Jose Ceide, Daniel Halperin, Salazar Law, Miami, FL for plaintiff.
    for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Skadden, Arps, Slate, Meagher & Flom LLP, Wil-mington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for defendants.

    Case Number: D69244

    An insolvent company failed to establish a reasonable probability of success on the merits, so the court de-nied its request for a preliminary injunction.

  • In re Altaba, Inc.

    Publication Date: 2020-11-04
    Practice Area: Corporate Entities
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Paul J. Lockwood, Arthur R. Bookout, Matthew P. Majarian, Gregory P. Ranzini, Skadden, Arps, Slate, Meagher & Flom Llp, Wilmington, DE for petitioner.
    for defendant: Albert H. Manwaring, IV, Kirsten A. Zeberkiewicz, Morris James LLP, Wilmington, DE; Thad J. Bracegirdle, Bayard, P.A., Wilmington, DE; Christopher P. Simon, Kevin S. Mann, David G. Holmes, Cross & Simon, LLC, Wilmington, DE; E.F. Anthony Merchant, Q.C., Merchant Law Group LLP, Regina, Saskatchewan; Evan W. Rassman, Reger Rizzo & Darnall LLP, Wilmington, DE; Michael F. Long, Watkins & Letofsky, LLP, Santa Ana, CA; Michael A. Pittenger, Berton W. Ashman, Jr., David A. Seal, Potter Anderson & Corroon, LLP, Wilmington, DE; William Savitt, Adam M. Gogolak, Wachtell, Lipton, Rosen & Katz, New York, NY for claimants.

    Case Number: D69175

    Company seeking to make interim stockholder distribution directed to holdback full reserve requested by claimants due to pending nature of class action in foreign country, making it impractical for the court to anticipate the outcome of the action.

  • A. Schulman, Inc. v. Citadel Plastic Holdings, LLC

    Publication Date: 2017-11-15
    Practice Area: Business Torts | Civil Procedure | Contracts
    Industry:
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Paul J. Lockwood, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, DE, attorney for plaintiff
    for defendant: David E. Ross, Eric D. Selden, and Nicholas D. Mozal, Aronstam & Moritz LLP, Wilmington, DE, attorneys for defendants.

    Case Number: D67934

    Defendants motion for stay after several defendants receipt of subpoenas in criminal investigation denied where lack of pending indictments meant that plaintiffs and the publics interest in civil action proceeding to trial outweighed remote possibility of prejudice to defendants in any future criminal proceedings.

  • In re Good Technology. Corp. Stockholder Litig.

    Publication Date: 2017-11-08
    Practice Area: Corporate Entities | Corporate Governance
    Industry: Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Laster
    Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, and Christopher P. Quinn, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Barron, A. Rick Atwood, and Esther Lee, Robbins Geller Rudman & Dowd LLP, San Diego, CA, attorneys for plaintiffs
    for defendant: Peter J. Walsh, Jr., Frank R. Martin, and Travis R. Dunkelberger, Potter Anderson & Corroon LLP, Wilmington, DE; William M. Lafferty, Ryan D. Stottman, and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Edward B. Micheletti, Alyssa S. O'Connell, Sarah Runnells Martin, and Lauren N. Rosenello, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE, attorneys for defendants.

    Case Number: D67927

    Submitting disputes to sole authority and exclusive jurisdiction of neutral party indicated parties intent to submit to arbitration, and designated neutral with conflicts of interest had authority to rule on procedural matters of appointing alternate arbiter.

  • July 17, 2013 | Delaware Business Court Insider

    Once-Denied Motion for Partial Final Judgment Granted

    Delaware Court of Chancery Vice Chancellor Sam Glasscock III has granted a motion for partial final judgment filed by the debt holders of an insolvent pharmaceutical company, despite denying

    1 minute read

  • December 1, 2011 | The American Lawyer

    Big Suits

    DuPont v. Kolon Industries et al. On September 14 E.I. du Pont de Nemours and Company won a n eye-poppi

    1 minute read

  • January 1, 2012 | Corporate Counsel

    Deals & Suits

    Kinder Morgan El Paso On October 17 Kinder Morgan, Inc., agreed to pay $21 billion in cash and stock for rival natural gas pipeline operator El Paso Corporation in an acquisition tha

    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