15 Aug, 2024 Chancery Grants Motion to Dismiss Breach of Fiduciary Duty Claims Against Officers in Controlling Stockholder Transaction Subject to Entire Fairness By Lewis H. Lazarus Sarah Ennis K. Tyler O'Connell Kormos v. Playtika Hldg. UK II Ltd., C.A. 2023-0396-SG (Del. Ch. May 3, 2024) In this decision involving breach of fiduciary duty claims...
03 May, 2024 Chancery Dismisses Caremark Action Based on Insufficient Allegations of Bad Faith By Albert J. Carroll Sarah Ennis Lewis H. Lazarus Clem v. Skinner, et al., C.A. 2021-0240-LWW (Del. Ch. Feb. 19, 2024) This Caremark decision involved the retail pharmacy company,...
22 Mar, 2024 Chancery Decides Scope of Expert’s Authority in Valuation Dispute Resolution Mechanism By Lewis H. Lazarus Sarah Ennis Albert J. Carroll Paul v. Rockpoint Group LLC, C.A. 2018-0907-JTL (Del. Ch. Jan. 9, 2024) This dispute arose from a disagreement over the authority of an...
19 Mar, 2024 Chancery Declines to Shift Costs to Derivative Plaintiffs By Albert J. Carroll Sarah Ennis In re Oracle Corp. Deriv. Litig., C.A. No. 2017-0337-SG (Del. Ch. Dec. 28, 2023) By rule, the prevailing party in Court of Chancery...
09 Feb, 2024 Chancery Awards Mootness Fee Applying Recently Adopted Standard By Albert J. Carroll Sarah Ennis Assad v. Botha, et al., C.A. No. 2022-0691-LWW (Del. Ch. Oct. 30, 2023) Here, Vice Chancellor Will awarded a $100,000 mootness fee for...
09 Jan, 2024 Chancery Refuses to Enforce Nationwide Noncompete By Albert J. Carroll Sarah Ennis Centurion Service Group, LLC v. Wilensky, C.A. No. 2023-0422-MTZ (Del. Ch. Aug. 31, 2023)In Frontline Techs Parent LLC v. Murphy, C.A....
29 Dec, 2023 Chancery Finds Non-Compete Unenforceable by Subsidiaries Unless Identified in Agreement By Albert J. Carroll Sarah Ennis Frontline Techs. Parent, LLC v. Murphy, C.A. No. 2023-0546-LWW (Del. Ch. Aug. 23, 2023) This non-compete decision reminds drafters to pay...
09 Dec, 2023 Chancery Adopts Heightened Standard for Supplemental Disclosure Mootness Fee Awards in M&A Litigation By Albert J. Carroll Sarah Ennis Anderson v. Magellan Health, Inc., et al., C.A. No. 2021-0202-KSJM (Del. Ch. July 6, 2023) This opinion clamps down on mootness fee...