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  • PPL Corp. v. Riverstone Holdings LLC

    Publication Date: 2019-11-06
    Practice Area: Contractual Disputes
    Industry: Energy | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Paul J. Lockwood, Robert A. Weber, Nicole A. DiSalvo, Skadden Arps, Slate, Meagher & Flom, Wilmington, DE; George A. Zimmerman, Jonathan Frank, Tansy Woan, Andrew N. Goldman and Charles C. Platt, Skadden Arps, Slate, Meagher & Flom, New York, NY for PPL plaintiffs.
    for defendant: Thomas G. Macauley, Macauley LLC, Wilmington, DE; Joshua L. Siefert of Joshua L. Siefert PLLC, New York, NY for plaintiff Farr. Rolin P. Bissell and James M. Yoch, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Holmes, Melissa L. James and Devin L. Kerns, Vinson & Elkins LLP, Dallas, TX for Riverstone, Raven Power, C/R Energy and Sapphire Power defendants. David E. Ross and R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Karl Stern and Kate K. Shih, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; Andrew J. Rossman, Quinn Emanuel Urquhart & Sullivan, LLP, New York NY; Adam B. Wolfson of Quinn Emanuel Urquhart & Sullivan, LLP, Los Angeles, CA for Talen defendants.
    Case Number: D68763

    The court denied defendant's motion to dismiss or stay this action, because the agreement at issue contained a Delaware fo-rum selection clause.

  • Kotler v. Shipman Assoc., LLC

    Publication Date: 2019-09-04
    Practice Area: Contractual Disputes
    Industry: Consumer Products
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: A. Thompson Bayliss, Adam K. Schulman and Daniel J. McBride, Abrams & Bayliss LLP, Wilmington, DE; Steve Wolosky and Renée M. Zaytsev, Olshan Frome Wolosky LLP, New York, NY for plaintiff.
    for defendant: Blake Rohrbacker, Kevin M. Gallagher, John M. O’Toole and Ryan D. Konstanzer, Richards Layton & Finger, P.A., Wilming-ton, DE for defendant.
    Case Number: D68691

    The parties failed to reach a meeting of the minds regarding a material term of their contract, so the court decided in favor of defendant on plaintiff's breach of contract claim.

  • Zalmanoff v. Hardy

    Publication Date: 2018-11-28
    Practice Area: Corporate Governance | Mergers and Acquisitions
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Ronald A. Brown, Jr., J. Clayton Athey and Samuel L. Closic of Prickett, Jones & Elliott, P.A., Wilming-ton, DE; Jeffrey S. Abraham of Abraham, Fruchter & Twersky, LLP, New York, NY for plaintiff
    for defendant: David J. Teklits and D. McKinley Measley of Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Howard S. Suskin, Elizabeth A. Edmondson, Lorenzo Di Silvio and Rémi J.D. Jaffré of Jenner & Block LLP, New York, NY for defendants.
    Case Number: D68372

    Corporate directors did not breach their fiduciary duty of disclosure when they provided stockholders with two documents which together contained all material information in connection with a stockholder vote.

  • Blueblade Capital Opportunities LLC v. Norcraft Cos., Inc.

    Publication Date: 2018-08-08
    Practice Area: Mergers and Acquisitions
    Industry: Investments and Investment Advisory | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: David A. Jenkins and Robert K. Beste, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Michael E. Davidian, Blueblade Capital Opportunities LLC and Blueblade Capital Opportunities CI LLC, New York, NY, attorneys for petitioners
    for defendant: Raymond J. DiCamillo and Kevin M. Gallagher, Richards Layton & Finger, P.A., Wilmington, DE, attorneys for respondent.
    Case Number: D68238

    Delta between merger price and fair value on merger date, calculated according to discounted cash flow analysis, was caused by flaws in merger process and warranted adoption of DCF valuation over merger price as fair value for appraisal action purposes.

  • AIU Ins. Co. v. Philips Elec. N. Am. Corp.

    Publication Date: 2018-01-24
    Practice Area: Insurance Law | Toxic Torts
    Industry: Insurance | Manufacturing
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Marc S. Casarino, White and Williams LLP, Wilmington, DE; John S. Favate, Hardin Kundla McKeon & Poletto, P.A., Springfield, NJ, attorneys for plaintiffs
    for defendant: David J. Baldwin, Jennifer C. Wasson, and Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; Kenneth H. Frenchman, McKool Smith, P.C., New York, NY; Daniel K. Hogan and Garvan F. McDaniel, Hogan McDaniel, Wilmington, DE; Sander L. Esserman, Steven A. Felsenthal, and David A. Klinger, Stutzman, Bromberg, Esserman & Plifka, Dallas, TX, attorneys for defendants.
    Case Number: D68014

    Plaintiffs not entitled to summary judgment for claim for breach of audit rights, where operative agreement failed to define scope of audit or describe types of information to be disclosed in an audit.