• Zohar III Ltd. v. Stila Styles, LLC

    Publication Date: 2022-06-14
    Practice Area: Corporate Entities
    Industry: Consumer Products | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: C. Barr Flinn, Emily V. Burton, Lauren Dunkle Fortunato, Alberto E. Chávez, Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for plaintiff.
    for defendant: Patricia R. Urban, Elizabeth Wilburn Joyce, Megan Ix Brison, Pinckney, Weidinger, Urban & Joyce LLC, Wilmington, DE; Kathleen M. Miller, Robert K. Beste, III, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Monica K. Loseman, Gibson, Dunn & Crutcher LLP, Denver, CO for defendants.

    Case Number: D69848

    Transaction authorized by LLC manager solely within her capacity that issued new class of equity in and amending the rights of the new class and existing classes was void as a matter of contract where the LLC's operating agreement expressly granted the right to amend to certain existing classes of members.

  • Erisman v. Zaitsev

    Publication Date: 2022-01-11
    Practice Area: Corporate Entities
    Industry: Software
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Richard Jones, Peter C. McGivney, Berger Harris LLP, Wilmington, DE; Brian M. Gottesman, Gabell Beaver LLC, Wilmington, DE for plaintiffs.
    for defendant: Daniel A. Griffith, Quinn Griffith, Whiteford Taylor & Preston LLC, Wilmington, DE; William F. Ryan, Jr., Whiteford Taylor & Preston LLP, Baltimore, MD for defendant.

    Case Number: D69671

    The court held that plaintiffs' claims against two directors for breach of contract and breach of fiduciary duties failed to ad-equately state the elements of the claims.

  • Feurer v. Zuckerberg

    Publication Date: 2021-10-20
    Practice Area: Corporate Governance
    Industry: E-Commerce | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Daniel K. Astin, Ciardi Ciardi & Astin, Wilmington, DE; Richard D. Greenfield, Marguerite R. Goodman, Ann M. Caldwell, Greenfield & Goodman LLC, Philadelphia, PA; Albert A. Ciardi III, Walter W. Gouldsbury III, Ciardi, Ciardi & Astin, Philadelphia, PA; Kevin H. Davenport, Samuel L. Closic, John G. Day, Elizabeth Wang, Prickett, Jones & Elliott, P.A., Wilmington, DE; Peter B. Andrews; Craig J. Springer, David M. Sborz, Andrews & Springer, LLC; Geoffrey M. Johnson, Scott+Scott Attorneys At Law LLP, Cleveland Heights, OH; Donald A. Broggi, William C. Fredericks, Scott R. Jacobsen, Jing-Li Yu, Scott+Scott Attorneys At Law LLP, New York, NY; Daniel B. Rehns, Frank R. Schirripa, Kurt M. Hunciker, Kathryn Hettler, Hach Rose Schirripa & Cheverie LLP, New York, NY; Brian J. Robbins, Stephen J. Oddo, Gregory E. Del Gaizo, Rob-bins LLP, San Diego, CA; Thomas J. McKenna, Gregory M. Egleston, Gainey McKenna & Egleston, New York, NY; Joseph J. Tabacco, Jr., Daniel E. Barenbaum, Berman Tabacco, San Francisco, CA; Joseph W. Cotchett, Mark Molumphy, Julia Peng, Cotchett Pitre & McCarthy LLP; Thaddeus J. Weaver, Dilworth Paxson LLP, Wilmington, DE; Frederic S. Fox, Laurence D. King, Hae Sung Nam, Donnie Hall, Aaron Schwartz, Kaplan Fox & Kilsheimer LLP, New York, NY; Kathleen A. Herkenhoff, Kaplan Fox & Kilsheimer LLP, Oakland, CA; Catherine Pratsinakis, Dilworth Paxson LLP, Philadelphia, PA; Nathan A. Cook, Mae Oberste, Block & Leviton LLP, Wilmington, DE; Kurt M. Heyman, Melissa N. Donimirski, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Jason M. Leviton, Joel Fleming, Lauren G. Milgroom, Block & Leviton LLP, Boston, MA for plaintiffs.
    for defendant: David E. Ross, R. Garrett Rice, Ross Aronstam & Moritz LLP, Wilmington, DE; Orin Snyder, Gibson, Dunn & Crutcher LLP, New York, NY; Brian M. Lutz, Gibson, Dunn & Crutcher LLP, San Francisco, CA; Paul J. Collins, Gibson, Dunn & Crutcher LLP, Palo Alto, CA; Joshua S. Lipshutz, Gibson, Dunn & Crutcher LLP, Washington, DC for defendants.

    Case Number: D69574

    The court held that consolidation of cases was not appropriate where one case's derivative plaintiffs made no demand on the corporate board and the other case's single plaintiff chose to make a demand that was subsequently refused.

  • Genworth Fin., Inc. Consol. Derivative Litig.

    Publication Date: 2021-10-13
    Practice Area: Corporate Governance
    Industry: Insurance | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: P. Bradford deLeeuw, deLeeuw Law LLC, Wilmington, DE; David R. Scott, Scott+Scott Attorneys at Law LLP, Colchester, CT; Thomas L. Laughlin IV, Scott Jacobsen, Scott+Scott Attorneys at Law LLP, New York, NY; Robert C. Schubert, Willem F. Jonckheer, Dustin L. Schubert, Schubert Jonckheer & Kilbe LLP, San Francisco, CA; Robert B. Weiser, James M. Ficaro, The Weiser Law Firm P.C., Berwyn, PA; Brett D. Stecker, Shuman, Glenn & Stecker, Ardmore, PA; Michael I. Fistel, Jr., Johnson & Weaver, LLP, Marietta, GA; Corey D. Holzer, Holzer & Holzer, LLC, Atlanta, GA for plaintiffs.
    for defendant: Srinivas M. Raju, Richards, Layton & Finger, P.A., Wilmington, DE; Greg A. Danilow, Caroline Hickey Zalka, John A. Neuwirth, Evert J. Christensen, Jr., Amanda K. Pooler, Weil, Gotshal & Manges LLP, New York, NY for defendants.

    Case Number: D69571

    Plaintiffs in this derivative action failed to adequately plead demand futility and they also failed to allege claims for breach of fiduciary duty against officers and directors, so the court granted defendants' motions to dismiss.

  • Skye Mineral Investors, LLC v. DXS Capital (U.S.) Ltd.

    Publication Date: 2021-08-18
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolph Koch, Kevin M. Gallagher, Daniel Kaprow, Richards, Layton & Finger, P.A., Wilmington, DE; Jason Cyrulnik, Edward Normand, Paul Fattaruso, Cyrulnik Fattaruso LLP, New York, NY for plaintiffs.
    for defendant: Thomas W. Briggs, Jr., Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Pedro A. Jimenez, Kevin C. Logue, Kevin P. Broughel, Nicholas Bassett, Katherine K. Solomon, Katherine Rookard, Paul Hastings LLP, New York, NY for defendants.

    Case Number: D69508

    The court dismissed some counterclaims as untimely, but the breach of fiduciary duty, aiding and abetting, conspiracy and tortious interference counterclaims survived.

  • Skye Mineral Investors, LLC v. DXS Capital (U.S.) Ltd.

    Publication Date: 2021-07-28
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Mining and Resources
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Kevin M. Gallagher, Daniel Kaprow of Richards, Layton & Finger, P.A., Wilmington, DE; Jason Cyrulnik, Edward Normand, Paul Fattaruso, Cyrulnik Fattaruso LLP, New York, NY for plaintiffs.
    for defendant: Thomas W. Briggs, Jr., Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Pedro A. Jimenez; Kevin C. Logue, Kevin P. Broughel, Nicholas Bassett, Katherine K. Solomon, Katherine Rookard, Paul Hastings LLP, New York, NY for defendants.

    Case Number: D69484

    Service upon defendants in a foreign country by mailing and posting was reasonably calculated to provide them with actual notice of the pending litigation, so the court denied defendants' motion to dismiss.

  • Manichaean Capital, LLC v. Exela Tech., Inc.

    Publication Date: 2021-06-09
    Practice Area: Corporate Entities
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Rudolf Koch, Matthew W. Murphy, Andrew L. Milam, Richards, Layton & Finger, P.A., Wilmington, DE; Samuel J. Lieberman, Alexander H. McCabe, Sadis & Goldberg LLP, New York, NY; Steven K. Davidson, Mi-chael J. Baratz, Claire Schachter, Lauren Goldschmidt, Steptoe & Johnson LLP, Washington, DC for plaintiffs.
    for defendant: T. Bradley Davey, Matthew F. Davis, Andrew H. Sauder, Potter Anderson & Corroon LLP, Wilmington, DE; Jennifer Barrett, Dennis H. Hranitzky, Blair Adams, Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY for defendants.

    Case Number: D69428

    The court held that reverse corporate veil piercing was proper where plaintiffs' complaint adequately al-leged that a company's subsidiaries participated in a scheme to deprive plaintiffs of the benefit of their judg-ment.

  • McDonald's Corp. v. Easterbrook

    Publication Date: 2021-02-17
    Practice Area: Employment Litigation
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Garrett B. Moritz, S. Reiko Rogozen, Holly E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; Wil-liam Savitt, Anitha Reddy, Sarah K. Eddy, Wachtell, Lipton, Rosen & Katz, New York, NY; Ronald L. Olson, John W. Spiegel, Luis Li, Munger, Tolles & Olson LLP, Los Angeles, CA; Jonathan I Kravis, Munger, Tolles & Olson LLP, Washington, DC for plaintiff.
    for defendant: Daniel C. Herr, Law Office of Daniel C. Herr, LLC, Wilmington, DE; Kristen E. Hudson, The Benson Firm PLLC, Austin, TX for defendant.

    Case Number: D69299

    The court denied defendant's motions to dismiss because the parties did not incorporate a forum selection clause into their separation agreement, and plaintiff alleged sufficient facts to support its claim for fraud in the inducement.

  • State of Delaware v. Univar, Inc.

    Publication Date: 2020-11-11
    Practice Area: Government
    Industry: Chemicals and Materials | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Slights
    Attorneys: For plaintiff: Melanie K. Sharp, Martin S. Lessner, Mary F. Dugan, Michael A. Laukaitis, II, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Steven S. Rosenthal, Tiffany R. Moseley, John David Taliaferro, Loeb & Loeb LLP, Washington, DC for plaintiff.
    for defendant: Michael P. Kelly, David A. White, Matthew J. Rifino, McCarter & English LLP, Wilmington, DE; Jameel S. Turner, James G. Ryan, Bailey Cavalieri LLC, Columbus, OH for defendant.

    Case Number: D69188

    An administrative subpoena was not overly broad and was allowed under the state's revised escheat law.

  • May 22, 2020 | Litigation Daily

    Litigator of the Week: Weil's Jonathan Polkes Carves Out a Win for Carlyle in Delaware

    'The case directly presents some of the most pressing issues regarding material adverse effect clauses and the pandemic,' said Polkes, the global co-chair of Weil's litigation practice.

    1 minute read