05 Sep, 2024 Delaware Superior Court Holds That Attorney-Client Privilege Was Retained By Seller Post-Merger By Barnaby Grzaslewicz Aubrey Morin K. Tyler O'Connell Biomerieux, Inc. v. Rhodes, C.A. No. N23C-10-067 (Del. Super. May 9, 2024). The default rule in Delaware is that the attorney-client...
05 Sep, 2024 Chancery Holds Plaintiff Fails to Meet Rule 23.1 Pleading Standard, Dismisses Action Arising From T-Mobile Data Hack By K. Tyler O'Connell Samuel Bashman Harper v. Sievert, C.A. No. 2022-0819-SG (Del. Ch. May 31, 2024). A stockholder plaintiff brought derivative claims alleging that current...
05 Sep, 2024 Court of Chancery Denies Post-Trial Motions Seeking to Enjoin Tesla Defendants By K. Tyler O'Connell Samuel Bashman Tornetta v. Musk, C.A. No. 2018-0408-KSJM (Del. Ch. May 28, 2024) Following the Court of Chancery’s post-trial opinion concerning Elon...
05 Sep, 2024 Delaware Supreme Court Reverses MFW Dismissal Due to Inadequate Disclosures Regarding Special Committee’s Advisors’ Material Conflicts By Barnaby Grzaslewicz Aubrey Morin K. Tyler O'Connell City of Sarasota Firefighters’ Pension Fund v. Inovalon Holdings Inc., No. 305, 2023 (Del. May 1, 2024). The Delaware Supreme Court’s...
15 Aug, 2024 Chancery Enforces Arbitration Provisions for Former Employees’ Claims Against the Company’s Successor By Albert H. Manwaring IV Alena Smith K. Tyler O'Connell Buzzfeed Media Enterprises, Inc. v. Anderson, C.A. 2023-0377-MTZ (Del. Ch. May 15, 2024). The Court of Chancery held that arbitration...
15 Aug, 2024 Chancery Determines Certain Suits Against Amazon Were Insufficient to Meet Credible Basis Standard to Inspect Corporate Books and Records By K. Tyler O'Connell Samuel Bashman Wong Leung Revocable Tr. v. Amazon.com Inc., C.A. No. 2023-1251-BWD (Del. Ch. May 1, 2024) In order to inspect books and records under...
15 Aug, 2024 Chancery Addresses Acquirer’s Request For Joint Tortfeasor Settlement Credit By K. Tyler O'Connell Samuel Bashman In re Columbia Pipeline Grp. Inc. Merger Litig., Consol. C.A. No. 2018-0484-JTL (Del. Ch. May 15, 2024) In this post-trial decision, the...
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...