• Bold St. Peters, L.P. v. Bold on Boulevard LLC

    Publication Date: 2024-12-03
    Practice Area: Corporate Governance
    Industry: Financial Services and Banking | Investments and Investment Advisory | Real Estate
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Jesse L. Noa, Charles R. Hallinan, Potter Anderson & Corroon LLP, Wilmington, DE; Aaron L. Casagrande, Michael P. Collins, Jr., Aaron A. Nichols, Ice Miller LLP, Baltimore, MD; John D. French, Ice Miller LLP, Indianapolis, IN for plaintiff.
    for defendant: Steven L. Caponi, Michael J. Vail, K&L Gates LLP, Wilmington, DE; Kartik R. Singapura, Nathan Cox, Mason G. Jones, Laura K. Lavernia, Bell Nunnally & Martin LLP, Dallas, TX for defendants.

    Case Number: 2024-0653-MTZ

    LLC member had contractual right to withhold its consent to loan modification, such that the company's default under the loan entitled member to remove and replace managing member under the terms of the operating agreement.

  • MALT Family Trust v. 777 Partners LLC

    Publication Date: 2023-11-27
    Practice Area: Mergers and Acquisitions
    Industry: Aerospace | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Catherine A. Gaul, Michael J. Vail, Ashby & Geddes, P.A., Wilmington, DE; David W. Affeld, Edward E. Johnson, Affeld Grivakes LLP, Los Angeles, CA for plaintiffs.
    for defendant: William E. Manning, Jessica M. Jones, Michelle C. Streifthau-Livizos, Saul Ewing LLP, Wilmington, DE for defendants.

    Case Number: 2022-0652-MTZ

    Although plaintiffs failed to identify a contractual provision expressly requiring defendants to operate their aviation-related businesses through the parties' LLC, plaintiffs sufficiently alleged breaches of fiduciary duties by claiming that defendants usurped that business opportunity and caused the LLC to instead engage in marginally profitable interested transactions.

  • August 23, 2023 | Delaware Business Court Insider

    Court of Chancery Holds 'Corwin' Inapplicable to Claims Governed by 'Unocal' Standard

    In In re Edgio Stockholders Litigation, the Delaware Chancery Court was asked to apply the same cleansing effect to a claim for injunctive relief analyzed under Unocal, but Vice Chancellor Morgan Zurn found that Corwin was inapplicable.

    6 minute read

  • Lighthouse Behavioral Health Solutions, LLC v. Milestone Addiction Counseling, LLC

    Publication Date: 2023-05-30
    Practice Area: Mergers and Acquisitions
    Industry: Health Care
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Philip A. Rovner, Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; Marisa B. Miller, Kevin K. Chang, Sheppard, Mullin, Richter & Hampton LLP, San Diego, CA for plaintiff.
    for defendant: Sidney S. Liebesman, E. Chaney Hall, Nathaniel J. Klepser, Fox Rothschild LLP, Wilmington, DE; Erik J. Clark, Organ Law LLP, Columbus, OH for defendants.

    Case Number: 2022-0979-MTZ

    Although federal law obligated acquired healthcare provider to obtain patient consent before turning over records to acquirer, the provider nonetheless breached its contractual obligations to transfer the records and its representations and warranties that it had taken all action necessary to perform and that the transaction complied with applicable law.

  • Haart v. Scaglia

    Publication Date: 2023-05-18
    Practice Area: Personal Injury
    Industry:
    Court: Supreme Court, New York
    Judge: Justice Douglas E. Hoffman
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 158329/2022

    Reality TV Star Fails to Allege Estranged Husband Made Statements With Actual Malice

  • Delta Eta Corp. v. City of Newark

    Publication Date: 2023-02-14
    Practice Area: Land Use and Planning
    Industry: Real Estate | State and Local Government
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Richard L. Abbott, Abbott Law Firm, Wilmington, DE for plaintiff.
    for defendant: Max B. Walton, Lauren P. DeLuca, Erica K. Sefton, Connolly Gallagher LLP, Wilmington, DE for defendants.

    Case Number: 2021-1106-MTZ

    Chancery court lacked subject matter jurisdiction over challenge to denial of special use permit by city council, which had acted in quasi-judicial capacity in denying the permit application and thus allowed for a remedy at law.

  • Jung v. El Tinieblo Int'l, Inc.

    Publication Date: 2022-11-15
    Practice Area: Corporate Entities
    Industry: Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Gregory F. Birney, Birney Law, LLC, Claymont, DE; Matt Simmons, Law Offices of Matt Simmons, Esq., Rockville, MD for plaintiff.
    for defendant: Robert K. Beste, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Kimberly E. Blair, Deanna M. Williams, Wilson Elser Moskowitz Edelman & Dicker LLP, Chicago, IL for defendants.

    Case Number: 2021-0798-MTZ

    Full Faith and Credit Clause prohibited state from having exclusive jurisdiction clause that required transitory claims to be heard in that state, as such a law failed to give due respect to the judicial proceedings of other states.

  • In re Match Group Inc. Derivative Litig.

    Publication Date: 2022-09-13
    Practice Area: Deals and Transactions
    Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Michael Hanrahan, J. Clayton Athey, Corinne E. Amato, Kevin H. Davenport, Jason W. Rigby, Stacey A. Greenspan, Prickett, Jones & Elliott, P.A., Wilmington, DE; Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiffs.
    for defendant: Blake K. Rohrbacher, Matthew W. Murphy, Sandy Xu, Richards, Layton & Finger, P.A., Wilmington, DE; Maeve O’Connor, Susan R. Gittes, Debevoise & Plimpton LLP, New York, NY; William M. Lafferty, John P. DiTomo, Elizabeth A. Mullin, Morris Nichols Arsht & Tunnell, Wilmington, DE; Theodore N. Mirvis, Alexandra P. Sadinsky, Canem Ozyildirim, Wachtell, Lipton, Rosen & Katz LLP, New York, NY; David E. Ross, Adam D. Gold, Ross Aronstam & Moritz LLP, Wilmington, DE; Blaire Connelly, Latham & Watkins LLP, New York, NY for defendants.

    Case Number: 2020-0505-MTZ

    The court granted a motion to dismiss a complaint challenging a multi-step spinoff initiated by a corporation's controller.

  • CPC Mikawaya Holdings, LLC v. MyMo Intermediate, Inc.

    Publication Date: 2022-07-12
    Practice Area: Mergers and Acquisitions
    Industry: Financial Services and Banking | Food and Beverage
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Kevin R. Shannon, Christopher N. Kelly, Emma K. Diver, Potter Anderson & Corroon LLP, Wilmington, DE; John E. Schreiber, Aaron C. O’Dell, Winston & Strawn LLP, Los Angeles, CA for plaintiff.
    for defendant: A. Thompson Bayliss, April M. Kirby, Abrams & Bayliss LLP, Wilmington, DE; Timothy R. Farrell, Ropes & Gray LLP, Chicago, IL; Patrick S. Doherty, Ropes & Gray LLP, London, UK; Sarah M. Milkovich, Ropes & Gray LLP, Boston, MA for defendants.

    Case Number: D69878

    Seller sufficiently alleged breach of written and oral contracts where merger agreement required buyer to complete pre-closing tax returns according to past practices and buyer instead used novel practices, but the change in practices was authorized by the parties' oral agreement in which the seller agreed to the change in exchange for receipt of the tax return proceeds.

  • In re: SmileDirectClub, Inc. Derivative Litig.

    Publication Date: 2021-06-16
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Zurn
    Attorneys: For plaintiff: Blake A. Bennett, Cooch and Taylor, P.A., Wilmington, DE; P. Bradford deLeeuw, deLeeuw Law LLC, Wil-mington, DE; Lee Squitieri, Squitieri & Fearon, LLP, New York, NY; Jeffrey S. Abraham, Michael J. Klein, Abraham, Fruchter & Twersky LLP, New York, NY; Donald J. Enright, Elizabeth K. Tripodi, Jordan Cafritz, Levi & Korsinsky, LLP for plaintiffs.
    for defendant: Edward B. Micheletti, Jenness E. Parker, of Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Scott D. Musoff, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY for defendants.

    Case Number: D69435

    The court granted defendants' motion to dismiss this derivative because plaintiffs failed to meet the con-temporaneous ownership requirement, so they lacked standing.