Table of Contents

Prepared for distribution at the
DELAWARE LAW DEVELOPMENTS 2014: WHAT ALL
BUSINESS LAWYERS NEED TO KNOW
Program
New York City, May 28, 2014
CONTENTS:
PROGRAM SCHEDULE ........................................................................... 9
FACULTY BIOS ...................................................................................... 17
1.
2014 Review of LLC Case Law Developments .............................. 45
Louis G. Hering
David A. Harris
Morris, Nichols, Arsht & Tunnell LLP
2.
The Year in Review ......................................................................... 97
Donald J. Wolfe, Jr.
Potter Anderson & Corroon LLP
3.
January–March 2014 Key Delaware Case Summaries ................ 337
Donald J. Wolfe, Jr.
Potter Anderson & Corroon LLP
4.
In the Court of Chancery of the State of Delaware:
In Re Trados Incorporated Shareholder Litigation,
Consol. C.A. No. 1512-VCL. Opinion. Date Submitted:
May 21, 2013, Date Decided: August 16, 2013 ............................ 369
Honorable J. Travis Laster
Delaware Court of Chancery
5.
In the Court of Chancery of the State of Delaware:
In Re MFW Shareholders Litigation, C.A. No. 6566-CS.
Opinion. Date Submitted: March 11, 2013, Date Decided:
May 29, 2013 ................................................................................ 489
Honorable Judge Strine
Delaware Court of Chancery
5
6.
In the Court of the Chancery of the State of Delaware:
In Re Rural Metro Corporation Stockholders Litigation,
Consolidated C.A. No. 6350-VCL. Opinion. Date Submitted:
December 17, 2013, Date Decided: March 7, 2014 ..................... 561
Honorable J. Travis Laster
Delaware Court of Chancery
7.
In the Supreme Court of the State of Delaware:
Alan Kahn, Samuel Pill, Irwin Pill, Rachel Pill and Charlotte
Martin, Plaintiffs Below, Appellants, v. M&F Worldwide
Corp., Ronald O. Perelman, Barry F. Schwartz,
William C. Bevins, Bruce Slovin, Charles T. Dawson,
Stephen G. Taub, John M. Keane, Theo W. Folz,
Philip E. Beekman, Martha L. Byorum, Viet D. Dinh,
Paul M. Meister, Carl B. Webb and MacAndrews & Forbes
Holdings, Inc., Defendants Below, Appellees. No. 334, 2013,
Court Below—Court of Chancery of the State of Delaware
C.A. No. 6566. Submitted: December 18, 2013,
Decided: March 14, 2014 .............................................................. 657
The Supreme Court of the State of Delaware
8.
Kahn v. M&F Worldwide Corp. (PowerPoint slides) ..................... 699
Robert S. Saunders
Skadden Arps Slate Meagher & Flom LLP
9.
Delaware Court of Chancery Upholds Board Adopted Forum
Selection Bylaws (June 26, 2013) ................................................ 707
Meghan M. Dougherty
Cara Grisin
Justin A. Shuler
Paul, Weiss, Rifkind, Wharton & Garrison LLP
10. PLI Delaware Law Developments: Multijurisdictional
Litigation Panel (PowerPoint slides) ............................................. 713
Ross Fieldston
Paul Weiss Rifkind Wharton & Garrison LLP
11. PLI Delaware Law Developments: Multijurisdictional
Litigation Panel ............................................................................. 735
Stephen P. Lamb
Ross Fieldston
Paul Weiss Rifkind Wharton & Garrison LLP
6
12. In the Court of Chancery of the State of Delaware:
Boilermakers Local 154 Retirement Fund and Key West
Police & Fire Pension Fund (Plaintiffs) v. Chevron
Corporation, Samuel H. Armacost, Linnet F. Deily,
Robert E. Denham, Robert J. Eaton, Chuck Hagel,
Enrique Hernandez, Jr., Franklyn G. Jenifer, George L.
Kirkland, Sam Nunn, Donald B. Rice, Kevin W. Sharer,
Charles R. Shoemate, John G. Stumpf, Ronald D. Sugar,
Carl Ware, and John S. Watson (Defendants), Civil Action
No. 7220-CS. Date Submitted: April 12, 2013,
Date Decided: June 25, 2013 ....................................................... 747
Honorable Judge Strine
Delaware Court of Chancery
13. Exhibit 7: In the Circuit Court for Baltimore City, Central
Laborers’ Pension Fund, et al., (Plaintiffs) v.
Barry M. Portnoy, et al., (Defendants). In the Circuit
Court for Baltimore City, Case No. 24-C-13-1966 ........................ 799
Circuit Court for Baltimore City
14. Takeover Law and Practice .......................................................... 811
Theodore N. Mirvis
Wachtell, Lipton, Rosen & Katz
15. Delaware Law Developments 2014: What All Business
Lawyers Need to Know (PowerPoint slides) ............................... 1043
Gregory P. Williams
Srinivas M. Raju
John D. Hendershot
Richards, Layton & Finger, P.A.
16. Jason Matthew Katz, et al. (Plaintiffs), v. Commonwealth
Reit, et al., (Defendants). In the Circuit Court for
Baltimore City, Part 23. Case No.: 24-C-13-001299 .................. 1071
Circuit Court for Baltimore City
17. Recent Development in Appraisal Claims: Huff Fund
Investment Partnership v. CKx (March 28, 2014)....................... 1121
Matthew Solum
Kirkland & Ellis LLP
7
18. Fiduciary Duties and Legal Considerations For Conflicts
Committees ................................................................................. 1129
Srinivas M. Raju
Richards, Layton & Finger, P.A.
19. An Uncertain Privilege Is a Little Better Than Venturing
Across the Pond Without a Life Preserver After AKZO .............. 1159
John K. Villa
Williams & Connolly LLP
20. Wearing Two Hats—The Ethical Conundrum of the
Lawyer Acting In a Business Capacity ........................................ 1167
John K. Villa
Williams & Connolly LLP
21. The Work-Product Doctrine and Patent Practice:
When Is Counsel’s Review of Materials
“in Anticipation of Litigation?” ...................................................... 1173
John K. Villa
Williams & Connolly LLP
22. The Ethics of Using Undercover Investigators............................ 1181
John K. Villa
Williams & Connolly LLP
23. What Can You Ethically Do When You Don’t Know What
Ethically to Do? ........................................................................... 1191
John K. Villa
Williams & Connolly LLP
INDEX ................................................................................................. 1197
Program Attorney: Willis Goodmoore
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