Wayman Fire Protection, Inc. v. Premium Fire & Security, LLC, C.A. No. 7866-VCP (March 5, 2014).

Why is this decision important?  In this post-trial opinion, the Court found that a former employee and his current employer were liable under the Delaware Misuse of Computer Information Act, as well as claims for conversion and breach

Renco Group, Inc., v. MacAndrews AMG Holdings LLC, C.A. No. 7668-VCN (June 19, 2013).

This decision is the latest in an ongoing dispute among Plaintiff The Renco Group, Inc. (“Renco”) and Defendants MacAndrews AMG Holdings LLC (“AMG”), MacAndrews & Forbes Holdings Inc. (“M&F”), and Ronald O. Perelman.  Prior decisions in this case have been

This post comes from Frances Goins of Ulmer & Berne in Cleveland.  Frances is the Chair of the ABA Business Law Section’s Subcommittee on Developments in D&O Liability.

On June 16, 2013, the U.S. Supreme Court handed down its decision in Salinas v. Texas HERE which resulted from a criminal prosecution in which the defendant

Recor Medical, Inc. v. Reinhard Warnking and Sound Invention, Inc.  C.A. No. 7387-VCN (Del. Ch., May 31, 2013, revised July 16, 2013).

Issues Presented:  Did plaintiff establish that: (i) the defendant conceived of the idea for a patent invention while employed at a predecessor of plaintiff; and (ii) the predecessor company had acquired the invention

Transdigm Inc. v. Alcoa Global Fasteners, Inc., C. A. No. 7135-VCP (May 29, 2013).

Issue Addressed: Does a buyer’s disclaimed reliance on representations and warranties outside of the stock purchase agreement bar the buyer’s claim for fraudulent concealment of material information?

Short Answer: No.

Brief Discussion: This is a dispute between

Israel Discount Bank of New York v. First State Depository Company, LLC, C.A. No. 7237-VCP (Del. Ch. May 29, 2013). Several of the prior Chancery decisions in this case were highlighted on these pages here,  here and here.

Issue Addressed:  Did the defendant depository bank breach the agreement by releasing collateral and interfering

Anvil Holding Corp. v. Iron Acquisition Co., C.A. No. 7975-VCP (May 17, 2013).

Issue:  Motion to dismiss a complaint for fraud and bad faith breach of contract in a dispute for the sale of securities.

Answer:  Denied as to the fraud claim and granted as to bad faith breach of contract claim.