In re: Town Sports Int'l
Publication Date: 2024-03-11Practice Area:Bankruptcy
Industry:Court: U.S. District Court of DelawareJudge: District Judge NoreikaAttorneys:For plaintiff: Ramon Moreno-Cuevas, Hartford, CT, pro se appellant.For defendant: Robert S. Brady, Sean T. Greecher, Allison S. Mielke, Timothy R. Powell, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for appellee.Case number: 23-472 (MN) MEMORANDUM OPINION
Court declined to stay order confirming bankruptcy court's denial of relief from plan injunction where appellant failed to demonstrate a likelihood of success on appeal or show how the court's order altered the status quo.
Malkani v. Cunningham
Publication Date: 2024-03-11Practice Area:Securities Litigation
Industry:Health Care |
Investments and Investment Advisory |
Technology Media and Telecom
Court: Court of ChanceryJudge: Vice Chancellor GlasscockAttorneys:For plaintiff: Philip Trainer, Jr., Marie M. Degnan, Randall J. Teti, Ashby & Geddes, Wilmington, DE; Marcos D. Jimenez, Marcos D. Jimenez, P.A., Miami, FL for plaintiffs.For defendant: Ryan P. Newell, Lakshmi A. Muthu, Tara C. Pakrouh, Michael A. Carbonara, Jr., Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Michael C. Heyden, Jr., Joseph E. Brenner, Gordon Rees Scully Mansukhani, LLP, Wilmington, DE for defendants.Case number: 2020-1004-SG
Although defendant prevailed on some claims asserted by plaintiff, plaintiff was the prevailing party in the overall litigation as the central issue in the case was the validity and enforceability of the parties' contracts, and thus plaintiff was entitled to legal fees and costs under the contractual fee-shifting provisions.
Collectively, the firms took on nearly 300 debtor retentions in two jointly administered bankruptcies.
2 minute read
McGuiness v. State
Publication Date: 2024-02-26Practice Area:Criminal Law
Industry:State and Local Government
Court: Delaware Supreme CourtJudge: Justice LeGrowAttorneys:For plaintiff: Steven P. Wood, Chelsea A. Botsch, McCarter & English, LLP, Wilmington, DE, Dean A. Elwell, McCarter & English, LLP, Boston, MA for plaintiff.For defendant: David C. McBride, M. Paige Valeski, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE for defendant.Case number: 438, 2022
Official misconduct conviction reversed where trial court delayed in recognizing legal insufficiency of procurement law violation charge, thereby allowing jury to hear evidence on the procurement charge that could have spilled over into the jury's consideration of the official misconduct charge.
Young Conaway Stargatt & Taylor announced that two of its attorneys have been selected to the Leadership Council on Legal Diversity (LCLD) 2024 Fellows and Pathfinders programs.
1 minute read
In re Oracle Corp. Derivative Litig.
Publication Date: 2024-02-19Practice Area:Mergers and Acquisitions
Industry:E-Commerce |
Software
Court: Court of ChanceryJudge: Vice Chancellor GlasscockAttorneys:For plaintiff: Joel Friedlander, Jeffrey M. Gorris, David Hahn, Friedlander & Gorris, P.A., Wilmington, DE; Christopher H. Lyons, Tayler D. Bolton, Robbins Geller Rudman & Dowd LLP, Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiffs.For defendant: Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri, Daniel E. Kaprow, Kyle H. Lachmund, Richards, Layton & Finger, P.A., Wilmington, DE; Elena C. Norman, Richard J. Thomas, Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Latham & Watkins LLP, San Francisco, CA; Blair Connelly, Latham & Watkins LLP, New York, NY for defendants.Case number: 2017-0337-SG
Court denied corporate benefit fee to plaintiffs who were unsuccessful at trial as the appointment of independent directors to the corporation's special litigation committee was too ancillary a benefit to warrant a fee.
DiDonato v. Campus Eye Mgmt., LLC
Publication Date: 2024-02-12Practice Area:Corporate Governance
Industry:Health Care |
Investments and Investment Advisory
Court: Court of ChanceryJudge: Vice Chancellor WillAttorneys:For plaintiff: Mary F. Dugan, Emily V. Burton, Tanner C. Jameson, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for plaintiff.For defendant: Ethan H. Townsend, Daniel T. Menken, Ryan D. Konstanzer, McDermott Will & Emery LLP, Wilmington, DE for defendant.Case number: 2023-0671-LWW
Manager and member of LLC remained the manager of the company where the LLC agreement required his involvement and approval for any amendment, such that the other investors in the company could not unilaterally amend the agreement to remove the manager.
Cantor Fitzgerald, L.P. v. Ainslie
Publication Date: 2024-02-12Practice Area:Contracts
Industry: Financial Services and Banking
Court: Delaware Supreme CourtJudge: Justice TraynorAttorneys:For plaintiff: C. Barr Flinn, Paul J. Loughman, Alberto E. Chávez, Skyler A. C. Speed, Young, Conaway, Stargatt & Taylor, LLP, Wilmington, DE; David A. Paul, Virginia J. Cardenas, Sid Nadkarni, Cantor Fitzgerald, New York, NY; Benjamin R. Nagin, Eric G. Hoffman, Sidley Austin LLP, New York, NY; Tacy F. Flint, Frank J. Favia, Jr., Sidley Austin LLP, Chicago, IL for appellant.For defendant: Blake A. Bennett, Cooch & Taylor P.A., Wilmington, DE; Kyle W. Roche, Kyle Roche P.A., New York, NY; Velvel Freedman, Alex Potter, Freedman Normand Friedland LLP, New York, NY for appellees.Case number: 162, 2023
A "forfeiture-for-competition" provision in a partnership agreement did not qualify as a restraint on trade, and thus partners who had negotiated and benefitted from such a term would be held to the terms of their agreement due to the Delaware Revised Uniform Limited Partnership Act's express favor for the enforceability of contracts.
In re: Ursa Operating Co., LLC
Publication Date: 2024-02-05Practice Area:Bankruptcy
Industry:Energy
Court: U.S. Court of Appeals for the Third CircuitJudge: Judge PorterAttorneys:For plaintiff: George A. Barton, Barton and Burrows, LLC, Mission, KS for appellants.For defendant: Duston K. McFaul, Maegan Quejada, Sidley Austin LLP, Houston, TX; Robert S. Velevis, Sidley Austin LLP, Dallas, TX; Robert S. Brady, Edmon L. Morton, Kenneth J. Enos, Joseph M. Mulvihill, Young Conaway Stargatt & Taylor, Wilmington, DE; Ana Alfonso, Willkie Farr & Gallagher, New York, NY; John H. Knight, Amanda R. Steele, Richards Layton & Finger, Wilmington, DE for appellees.Case number: 22-1729
Lower courts erroneously dismissed adversary complaint of property owners to recover improperly withheld oil and gas royalties where property owners, not extractor, had an equitable interest in the funds, and thus a constructive trust was an appropriate mechanism for relief.
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