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Stream TV Networks, Inc. v. SeeCubic, Inc.
Publication Date: 2022-06-28
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys:
For plaintiff: Andrew S. Dupre, Brian R. Lemon, Steven P. Wood, Sarah E. Delia, Stephanie H. Dallaire, McCarter & English, LLP, Wilmington, DE for appellants.
For defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Lilianna Anh P. Townsend, Trevor T. Nielson, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for appellee.
Case number: D69864

Board committee action approving omnibus agreement moving company's assets into a "NewCo" was invalid where company's charter required approval of one class of shareholders for "asset transfers."

TransPerfect Global, Inc. v. Pincus
Publication Date: 2022-06-28
Practice Area: Corporate Entities
Industry: Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys:
For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Adam K. Bult, Brownstein Hyatt Farber Schreck, LLP, Las Vegas, NV; Jeremy Eicher, Eicher Law LLC, Wilmington, DE; Alan M. Dershowitz, Cambridge, MA for appellants.
For defendant: Jennifer C. Voss, Cliff C. Gardner, Elisa M.C. Klein, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE for appellee.
Case number: D69868

Chancery court erred in holding company's majority shareholder and controller in contempt of violating an exclusive jurisdiction order where shareholder was not a party to the out-of-state action filed in contempt of the chancery court's order and where controlling stake did not itself make shareholder personally liable for the company's conduct.

Appellate Division, First Department
Publication Date: 2022-05-09
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, First Department, Appeals & Motions
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Appeals & Motions List released on:May 5, 2022

In re Altaba, Inc.
Publication Date: 2022-05-03
Practice Area: Corporate Entities
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Paul J. Lockwood, Arthur R. Bookout, Matthew P. Majarian, Kathryn S. Bartolacci, Gregory P. Ranzini, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; David E. Ross, Ross Aronstam & Moritz LLP, Wilmington, DE for petitioner.
For defendant: Christopher P. Simon, Kevin S. Mann, David G. Holmes, Cross & Simon, LLC, Wilmington DE; E.F. Anthony Merchant, Q.C., Merchant Law Group LLP, Regina, Saskatchewan for claimant.
Case number: D69805

Dissolved company was required to retain a security sufficient to cover the full amount of per se damages that could be imposed under statutory law governing pending litigation.

In The Matter of the Rehab. of Scottish RE (U.S.), Inc., LLC
Publication Date: 2022-05-03
Practice Area: Insurance Litigation
Industry: Insurance | State and Local Government
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Peter B. Ladig, GianClaudio Finizio, Bayard, P.A., Wilmington, DE; Diane J. Bartels, Wilmington, DE; James J. Black, III, Jeffrey B. Miceli, Mark W. Drasnin, Black & Gerngross, P.C., Philadelphia, PA; Michael Busenkell, Gellert Scali Busenkell & Brown, LLC, Wilmington, DE for Scottish RE (U.S.), Inc.
For defendant: Marisa R. DeFeo, Randall S. MacTough, Saul Ewing Arnstein & Lehr LLP, Wilmington, DE; Christopher Viceconte, Gibbons P.C., Wilmington, DE; Daniel Hargraves, Freeborn & Peters LLP, New York, NY; Randall S. MacTough, Zarwin Baum Devito Kaplan Schaer Toddy, PC, Wilmington, DE; Joseph B. Cicero, Gregory Stuhlman, Chipman Brown Cicero & Cole, LLP, Wilmington, DE; R. Stephen McNeill, D. Ryan Slaugh, Potter Anderson & Corroon LLP, Wilmington, DE; Willaim P. Bowden, Catherine A. Gaul, Ricardo Palacio, Ashby & Geddes, Wilmington, DE; John C. Phillips, Jr., Paul S. Seward, Phillips, Goldman, Mclaughlin & Hall, P.A., Wilmington, DE; Joseph C. Schoell, Faegre Drinker Biddle & Reath LLP, Wilmington, DE; Kathleen M. Miller, Smith, Katzenstein & Jenkins, LLP, Wilmington, DE; David A. Felice, Bailey & Glasser, LLP, Wilmington, DE; John G. Harris, Peter C. McGivney, Berger Harris LLP, Wilmington, DE, Garrett B. Moritz, Elizabeth M. Taylor, Ross Aronstam & Moritz LLP, Wilmington, DE; Matthew A. Clemente, R. Bradley Drake, John Grothaus, Sidley Austin LLP, Chicago, IL; Joelle E. Polesky, Stradley Ronon Stevens & Young, Wilmington, DE, Travis S. Hunter, Renee M. Mosley, Richards, Layton & Finger, P.A., Wilmington, DE; Jarret P. Hitchings, Duane Morris LLP, Wilmington, DE; Joseph Larkin, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Barry M. Klayman, Simon Fraser, Cozen O’Connor, Wilmington, DE; Kevin J. Mangan, Nicholas T. Verna, Womble Bond Dickerson (US) LLP, Wilmington, DE; Jody Barillare, Morgan Lewis & Bockius LLP, Wilmington, DE; Peter H. Kyle, John L. Reed, DLA Piper LLP (US), Wilmington, DE, for shareholders and third-parties.
Case number: D69799

In this case of first impression, the court found that the liquidation standard did not operate as a per se requirement for plan approval.

April 28, 2022 | New York Law Journal

Meet the Nominee: White House's Choice of Anne Nardacci for Northern District Judgeship Has Thrilled Boies Schiller Law Partners

Described as a "critical part" of Boies Schiller's office, Nardacci will be tough to replace, her colleagues said. Nardacci has played an instrumental role in consumer class actions and antitrust cases.
4 minute read
April 18, 2022 | New York Law Journal

Former Federal Judge John Gleeson Delivers Leslie H. Arps Memorial Lecture at the New York City Bar Association

On Monday April 11, former Eastern District of New York Judge John Gleeson, a partner at Debevoise & Plimpton, delivered the Leslie H. Arps Memorial…
1 minute read
Centene Corp. v. Acellion, Inc.
Publication Date: 2022-04-12
Practice Area: Contractual Disputes
Industry: Health Care | Software
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys:
For plaintiff: Paul J. Lockwood, Ryan M. Lindsay, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; William E. Ridgway, Skadden, Arps, Slate, Meagher & Flom LLP, Chicago, IL; Peter B. Morrison, Zachary M. Faigen, Skadden, Arps, Slate, Meagher & Flom LLP, Los Angeles, CA for plaintiffs.
For defendant: Raymond J. DiCamillo, Richards, Layton & Finger, P.A., Wilmington, DE; Michael Rubin, Melanie Blunschi, Latham & Watkins LLP, San Francisco, CA; Serrin Turner, Latham & Watkins LLP, New York, NY for defendant.
Case number: D69775

The court held plaintiffs' claims were subject to a forum selection clause for venue in three California counties.

Levy Family Investors, LLC v. Oars + Alps LLC
Publication Date: 2022-02-08
Practice Area: Contracts
Industry: Consumer Products | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys:
For plaintiff: Rudolf Koch, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Greg Shinall, Michael G. Dickler, Sperling & Slater, P.C., Chicago, IL for plaintiffs.
For defendant: Robert S. Saunders, Sarah R. Martin, Michelle L. Davis, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Ryan D. Stottmann, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Tamir Young, Studin Young PC, Hauppauge, NY; Peter B. Ladig, Elizabeth A. Powers, Sarah T. Andrade, Bayard, P.A., Wilmington, DE for defendants.
Case number: D69703

The court held that because there were two competing and reasonable interpretations of certain contract language, the contract was ambiguous, and the ambiguity barred a motion to dismiss as a matter of law or on the pleadings.

Chester County Empls. Ret. Fund. V. Alnylam Pharms. Inc.
Publication Date: 2022-01-06
Practice Area: Securities Litigation
Industry: Pharmaceuticals
Court: Supreme Court, New York
Judge: Justice Robert Reed
Attorneys:
For plaintiff:
For defendant:
Case number: 655272/2019

Court Discusses Fairness of Settlement Between Parties to Securities Class Action

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