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Bamford v. Penfold, L.P.
Publication Date: 2020-03-18
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: David J. Margules, Elizabeth A. Sloan, and Brittany M. Giusini, Ballard Spahr LLP, Wilmington, DE; Wallace G. Hilke, Mark S. Enslin, Ballard Spahr LLP, Minneapolis, MN; Jeffrey S. Cianciulli, Weir & Partners, Wilmington, DE; Peter N. Kessler, Kutak Rock LLP, Philadelphia, PA for plaintiffs.
For defendant: John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Marc R. Rosen, Joshua K. Bromberg, Kleinberg, Kaplan, Wolff & Cohen, P.C., New York, NY; William B. Chandler III, Bradley D. Sorrels, Shannon E. German, Daniyal M. Iqbal, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE, attorneys for defendants.
Case number: D68910

Derivative fraud and unjust enrichment claims dismissed as duplicative of plaintiffs' direct claims for breach of fiduciary duties and conversion.

March 17, 2020 | Law.com

Skilled in the Art: IP Community Braces for Social Distancing + More on the COVID-19 'Patent Troll'

The fallout from COVID-19 is landing on the IP community
9 minute read
Neurvana Med., LLC v. Balt USA, LLC
Publication Date: 2020-03-11
Practice Area: Corporate Governance
Industry: Health Care
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys:
For plaintiff: Jason A. Cincilla, Amaryah K. Bocchino, Ryan W. Browning and Tye C. Bell, Manning Gross + Massenburg LLP, Wilmington, DE; John M. Pierce, Michael M. Pomerantz, Elizabeth C. DeGori and Matthew J. Kokot, Pierce Bainbridge Beck Price & Hecht LLP, New York, NY for plaintiff.
For defendant: Lori W. Will, Phillip R. Sumpter, Daniyal M. Iqbal, Jeremy W. Gagas, Dylan J. Liddiard, Charles A. Talpas and Brian J. Levy, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE, Palo Alto, CA and New York, NY for defendants.
Case number: D68907

The court denied a motion to dismiss regarding a director's pre-resignation conduct, but it dismissed the remainder of plain-tiff's contract and tort claims.

Great Hill Equity Partners IV, LP v. SIG Growth Equity Management, LLC
Publication Date: 2020-03-11
Practice Area: Deals and Transactions
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Rudolf Koch, Robert L. Burns and Megan E. O’Connorm, Richards, Layton & Finger, P.A., Wilmington, DE; Adam Slutsky, Goodwin Procter LLP, Boston, MA for plaintiffs.
For defendant: William B. Chandler III, Ian R. Liston and Jessica A. Hartwell, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Mark A. Kirsch, Scott A. Edelman, Aric H. Wu, Laura K. O’Boyle and Peter Wade, Gibson, Dunn & Crutcher LLP, New York, NY for SIG defendants. Lewis H. Lazarus, Marris James LLP, Wilmington, DE; Peter N. Flocos and Joanna A. Diakos, K&L Gates LLP, New York, NY for defendants Herzog and Kleinberg. David S. Eagle, Sean M. Brennecke, Michael K. Coran, William T. Hill, Monica Clarke Platt and Gregory R. Sellers, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE and Philadelphia, PA for defendants Tal and Itshayek.
Case number: D68905

Although plaintiff prevailed on certain claims with respect to the question of liability, the court awarded no damages. Plain-tiff's evidence for damages was speculative and impossible to allocate.

March 05, 2020 | The Recorder

Donors Including Sonsini Give $750K to Expand Santa Clara Law Privacy Program

Three current and former university trustees, including Wilson Sonsini founder Larry Sonsini, have given $250,000 apiece to expand the school's privacy law programs, including possible online and non-J.D. offerings.
2 minute read
March 05, 2020 | New York Law Journal

Cooley Grows Tech Transactions Group With Partner Hire From Cleary Gottlieb

Len Jacoby, who had been at Cleary since 2007, has represented an array of clients on deals with an IP angle, including 3M, Alphabet and its Google unit, Western Digital, TPG Capital and GlaxoSmithKline.
3 minute read
March 04, 2020 | Corporate Counsel

What Does It Take to Be the First Top Lawyer for a New Company?

"You need to be unflappable. It is a chaotic environment and something will not go right. That is inevitable," said Jessica Nguyen, an in-house leader who has helped three tech startups build legal departments. She recently joined AI-based contract management company Lexion as chief legal officer.
3 minute read
March 03, 2020 | Law.com

Skilled in the Art: UC Regents Back Off Ballyhooed ITC Action + Inspector Delrahim Stays Hot on Sheppard's Trail

It looks as if the University of California's highly publicized campaign against retailers of filament LED lightbulbs has dimmed somewhat at the International Trade Commission.
8 minute read
March 03, 2020 | The Recorder

Another 3 Leave Pivoting Irell for Paul Hastings, Wilson Sonsini

The departures come one month after Irell & Manella announced its plans to focus only on high-value litigation work in intellectual property and complex commercial litigation.
4 minute read
March 02, 2020 | The Recorder

At Wilson Sonsini, M&A, Tech and Life Sciences Fuel Big Gains

Managing partner Douglas Clark said the firm enjoyed strong client demand in a year when it was also investing heavily for the future.
5 minute read

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