Tyler O'Connell

Tyler O'Connell

Morris James LLP

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Delaware Supreme Court Affirms that Seller’s Change of Business Operations in Response to the COVID-19 Pandemic Excused Buyer’s...

AB Stable VIII LLC v. Maps Hotels and Resorts One LLC, No. 71-2021 (Del. Dec. 8, 2021) - This Supreme Court decision affirms the Court of Chancery’s decision below (reported here) that a buyer’s obligation to purchase a...more

3/9/2022  /  Buyers , Coronavirus/COVID-19 , DE Supreme Court , Hotels , Merger Agreements , Mergers , Sellers

Delaware Supreme Court Adopts Post-Merger Derivative Standing Framework From In re Primedia, Inc. Shareholders Litigation

Morris v. Spectra Energy Partners (DE) GP, LP, No. 489, 2019 (Del. Jan. 22, 2021) - In Delaware corporate law, “the standing inquiry has assumed special significance,” especially in the post-merger context. The Delaware...more

2/15/2021  /  Breach of Duty , DE Supreme Court , Derivative Suit , Fiduciary Duty , Mergers , Shareholder Litigation

Delaware Supreme Court Finds that Court of Chancery Had Jurisdiction To Enjoin a Collateral Attack on a Prior Arbitration Award...

Gulf LNG Energy, LLC v. ENI USA Gas Mktg., LLC, No. 22, 2020 (Del. Nov. 17, 2020) - This decision confirms that the Court of Chancery has jurisdiction to enjoin a collateral attack on a prior arbitration award. The...more

1/18/2021  /  Arbitration Awards , Collateral Estoppel , DE Supreme Court , Federal Arbitration Act

Delaware Supreme Court Affirms CCLD Ruling Relying on Expert’s “Dual Hypothetical World” Damages Model for Measuring...

XL Ins. Am., Inc., et al. v. Noranda Aluminum Holding Corp., No. 444, 2019 (Del. Oct. 2, 2020) - An aluminum manufacturer (the “Insured”) decided not to rebuild and resume operations at its facility following two...more

12/17/2020  /  DE Supreme Court , Insurance Industry , Insurance Litigation , Property Damage , Property Insurance

Delaware Supreme Court Holds That Limited Partnership Agreement That Includes Certain Books and Records Language From Section...

Murfrey v. WHC Ventures, LLC, App. No. 294, 2019 (Del. Supr. Jul. 13, 2020) - Drafters of alternative entity agreements frequently cite to, or quote, statutory language to describe the parties’ obligations. But, the...more

9/3/2020  /  Books & Records , DE Supreme Court , Delaware General Corporation Law , Limited Partnership Agreements , Limited Partnerships , Section 220 Request

Delaware Supreme Court Affirms Use of Unaffected Market Price to Determine Public Corporation’s “Fair Value” in Appraisal...

Fir Tree Value Master Fund, L.P. v. Jarden Corp., No. 454, 2019 (Del. July 9, 2020) - Adding to its appraisal jurisprudence, the Supreme Court of Delaware recently affirmed the use of the unaffected trading price of a...more

8/26/2020  /  Acquisitions , Appraisal , Appraisal Rights , DE Supreme Court , Deal Price , Fair Market Value , Mergers , Stock Prices

In New Dell Decision, Special Committee’s Narrow Mandate, Company’s Decision to Bypass Committee and Impermissible “Coercion”...

The Delaware Supreme Court’s MFW decision provides a safe harbor for controlling stockholder buyouts that are conditioned upon approval of a special committee of independent directors and a majority-of-the-minority vote,...more

6/18/2020  /  Buyouts , Controlling Stockholders , DE Supreme Court , Dell

Delaware Supreme Court Finds Limited Liability Partnership Agreement Chose the “Aggregate Model” and Partner Withdrawal Caused...

United States v. Sanofi-Aventis U.S. LLC, No. 256, 2019 (Del. Mar. 17, 2020). In this case, the Delaware Supreme Court answered three certified questions from the United States Third Circuit Court of Appeals concerning...more

4/17/2020  /  DE Supreme Court , Dissolution , Limited Liability Partnerships , Partnerships , Qui Tam

Superior Court Dismisses Fraud Claim Improperly Boot-Strapped To Breach Of Contract Claim

Cont’l Fin. Co., LLC, v. ICS Corp., C.A. No. N19C-07-184 AML (Del. Super. Feb. 20, 2020). This case represents another example of the application of the “bootstrap doctrine” to define the limits of a contract party’s...more

3/31/2020  /  Breach of Contract , DE Supreme Court , Federal Rule 12(b)(6) , Fraud

Delaware Supreme Court Reminds Counsel of Obligation to Prevent Clients’ Abusive Deposition Misconduct

In re: Shorenstein Hays-Nederlander Theatres LLC Appeals, Consol. C.A. Nos. 596, 2018 and 620, 2018 (Del. Jun. 20, 2019). “Depositions are court proceedings, and counsel defending the deposition have an obligation to...more

7/10/2019  /  Breach of Contract , Breach of Duty , DE Supreme Court , Depositions , Fiduciary Duty

Delaware Supreme Court Rejects MFW Defense Because of Delay in Safeguards

Olenik v. Lodzinksi, No. 392, 2018 (Del. Apr. 5, 2019). Under Kahn v. M&F Worldwide Corp., 88 A.3d 635 (Del. 2014), deferential business judgment review governs mergers between a controlling stockholder and the controlled...more

4/11/2019  /  Appeals , Board of Directors , Breach of Duty , Business Judgment Rule , Controlling Stockholders , DE Supreme Court , Entire Fairness Standard , Fiduciary Duty , Mergers , Standard of Review
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