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  • L-5 Healthcare Partners, LLC v. Alphatec Holdings, Inc.

    Publication Date: 2020-10-28
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor McCormick
    Attorneys: For plaintiff: William M. Lafferty, D. McKinley Measley, Thomas P. Will, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Antonio Yanez, Jr., Alexander L. Cheney, Willkie Farr & Gallagher LLP, New York, NY for plaintiff.
    for defendant: Philip A. Rovner, Jonathan A. Choa, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
    Case Number: D69167

    Agreement to issue convertible warrants upon drawing on credit constituted agreement sufficient to trigger preemption rights under stock purchase agreement with another party, and offer proposal failed to satisfy preemption rights due to conditional nature of the offer.