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  • AlixPartners, LLP v. Mori

    Publication Date: 2019-12-11
    Practice Area: Labor Law
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Bradley R. Aronstam and Eric D. Selden, Ross Aronstam & Moritz LLP, Wilmington, DE; Nicholas J. Pappas, Robert S. Berezin, and Justin Michael DiGennaro, Weil Gotshal & Manges LLP, New York, NY for plaintiffs.
    for defendant: John A. Sensing, Clarissa R. Chenoweth, and Jesse L. Noa, Potter Anderson & Corroon, LLP, Wilmington, DE for defendant.
    Case Number: D68800

    Court was not divested of subject matter jurisdiction under foreign law and regulation where plaintiffs' rights and remedies did not arise out of and were not inseparably related to foreign statutory law as to warrant their exclusive enforcement in a foreign tribunal.

  • In re LendingClub Corp. Derivative Litig.

    Publication Date: 2019-11-13
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Seth D. Rigrodsky, Brian D. Long and Gina M. Serra, Rigrodsky &7 Long, P.A., Wilmington, DE; Robert I. Harwood and Matthew M. Houston, Harwood Feffer LLP, New York, NY; Brett D. Stecker and James M. Ficaro, The Weiser Law Firm, P.C., Berwyn, PA for lead plaintiffs.
    for defendant: Raymond J. Dicamillo and Eliezer Y. Feinstein, Richards, Layton & Finger, P.A., Wilmington, DE; Adam S. Paris, Sullivan & Cromwell LLP, Los Angeles, CA for defendants Morris, Ciporin, Crowe, Meeker, Sanborn, Summers and Williams. Raymond J. DiCamillo, Eliezer Y. Feinstein, Richards, Layton & Finger, P.A., Wilmington, DE; Jonathan D. Polkes, Weil, Gotshal & Manges LLP, New York, NY for defendant Mack. Myron T. Steele, T. Brad Davey and Callan R. Jackson, Potter Anderson & Corroon LLP, Wilmington, DE; Robert J. Liubicic, Scott A. Edelman, Adam Fee and Andrew Lichtenberg, Milbank LLP, Los Angeles, CA and New York, NY for defendant Laplanche. Jody C. Barillare, Charlene S. Shimada, Susan D. Resley, Lucy Wang and Marc J. Sonnenfeld, Morgan, Lewis & Bockius LLP, Wilmington, DE, San Francisco, CA and Philadelphia, PA for defend-ant Dolan. William M. Lafferty, Susan W. Waesco and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wil-mington, DE; Diane M. Doolittle, David M. Grable, Jospeh C. Sarles, Jordan E. Alexander and John Potter, Quinn Emanuel Urquhart & Sullivan LLP, Redwood Shores, CA, Los Angeles, CA and San Francisco, CA for nominal defendant LendingClub Corp.
    Case Number: D68771

    Stockholders in this derivative suit failed to establish that a majority of the demand board faced a substantial likelihood of personal liability.

  • Kosinski v. GGP Inc.

    Publication Date: 2019-09-11
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Seth D. Rigrodsky, Brian D. Long and Gina M. Serra, Rigrodsky & Long, P.A, Wilmington, DE; Carl L. Stine and Adam J. Blander, Wolf Popper LLP, New York, NY for plaintiff.
    for defendant: Kevin G. Abrams, John M. Seaman and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; John A. Neuwirth, Evert J. Christensen, Jr., Seth Goodchild and Matthew S. Connors of Weil, Gotshal & Manges LLP for defendant.
    Case Number: D68697

    A stockholder established a proper purpose, so he was entitled to inspect books and records regarding the value of his shares and possible corporate wrongdoing.

  • In re: Towers Watson & Co. Stockholders Litig.

    Publication Date: 2019-08-07
    Practice Area: Corporate Governance
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Michael J. Barry and Christine M. Mackintosh, Grant & Eisenhoffer P.A., Wilmington, DE for plaintiffs Alaska Labor-ers-Employers Retirement Trust and City of Fort Myers Gen. Employees' Pension Fund. Lee D. Rudy, Geoffrey C. Jarvis, J. Daniel Albert and Stacey A. Greenspan, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for City of Fort Myers Gen. Em-ployees' Pension Fund. Bradley R. Aronstam and Roger S. Stronach, Ross Aronstam & Moritz LLP, Wilmington, DE
    for defendant: John A. Neuwirth, Joshua S. Amsel, Matthew S. Connors, Amanda K. Pooler and Sean Moloney, Weil, Gotshal & Manges LLP, New York, NY for defendants Ganzi, Haley, Heisz, O'Neill, Rabbitt, Ray, Thomas and Zeller. Raymond J. DiCamillo and Sarah T. Andrade, Richards, Layton & Finger, P.A., Wilmington, DE; Richard S. Horvath, Jr., Paul Hastings LLP, San Francis-co, CA for defendants Ubben and ValueAct Capital Management, L.P.
    Case Number: D68658

    Stockholders failed to rebut the business judgment rule, because they did not present sufficient evidence of a conflict of inter-est.

  • AlixPartners, LLP v. Benichou

    Publication Date: 2019-05-22
    Practice Area: Intellectual Property | Trade Secrets
    Industry: Consulting
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: Bradley R. Aronstam, Eric D. Selden, and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Robert S. Berezin and Nicholas J. Pappas, Weil, Gotshal & Manges, LLP, New York, NY for plaintiffs.
    for defendant: John P. DiTomo, Matthew R. Clark, and Barnaby Grzaslewicz, Morris, Nicholds, Arsht & Tunnell LLP, Wilmington, DE for defendant.
    Case Number: D68466

    The court adopted the narrow version of liability under the Computer Fraud and Abuse Act, which only imposed liability for unauthorized access of computer systems, rather than for misuse of computer systems and files that were otherwise accessed under proper authorization.