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Delaware Chancery Shifts $75 Million Contingent Attorneys’ Fee to Losing Party in Litigation over Busted Merger

In The Williams Companies, Inc. v. Energy Transfer LP,  C.A. No. 12168 & 12337, 2022 WL 3650176 (Del. Ch. Aug. 25, 2022), the court held that the fee shifting provision in the parties’ merger agreement permitted plaintiff’s counsel to add its contingent fee to its client’s liquidated damages award in litigation over a busted merger… Read more

New York Not Proper Forum for Action Against Foreign Defendant for Conduct Abroad

In Kingstown Capital Mgmt. v. Vitek, 0:20-cv-03406 (2d Cir. Sep. 1, 2022), the Second Circuit affirmed the dismissal of a RICO suit filed in the Southern District of New York by a Delaware investment firm against foreign defendants for conduct that occurred outside the United States and was already the subject of a foreign proceeding under foreign law… Read more

Court of Appeals Venue Decision Calls into Question the Controlling Evidence of a Corporation’s Principal Place of Business

In Lividini v. Goldstein, 37 NY3d 1047 [2021], the Court of Appeals held that defendant doctor had submitted evidence sufficient to establish that his “principal office” under CPLR 403(d) was in Westchester County, even though the doctor’s medical license registration listed a Bronx address. Id. at 1048-50… Read more