Intellectual Property – Transfer
Judge Andrews Grants Severance And Denies Motion to TransferIn Investpic, LLC, v. SAS Institute, Inc., C.A. No. 10-1028-RGA (D. Del. May 15, 2012), Judge Andrews denied a motion to transfer and granted a motion to sever. Plaintiff had originally filed a complaint against 15 defendants for patent infringement. First, Judge Andrews concluded that the movant had…
Intellectual Property – Pleadings
Judge Robinson Rules on Motions Arising from Pleadings in Related Cases In CyberFone Systems, LLC v. Cellco Partnership, C.A. Nos. 11-827 through 835 (D. Del. Apr. 30, 2012), Judge Robinson ruled on a number of motions brought by defendants in these related cases. Judge Robinson denied a motion to sever for improper joinder brought on the…
Delaware Intellectual Property Law Update
In the last few months, the United States District Court for the District of Delaware has issued a number of decisions of note in the intellectual property area.
Intellectual Property – Miscellaneous
Judge Stark Denies Plaintiff’s Request to Reargue Its Motion in LimineIn ICU Medical, Inc. v. Rymed Technologies, Inc., C.A. No. 07-468-LPS (D. Del. May 4, 2012), Judge Stark denied plaintiff’s motion requesting reargument of its motion in limine to preclude non-infringement arguments and evidence on elements already deemed literally present in the modified product.…
Intellectual Property – Post-Trial
Judge Robinson Rules that Patents Are Not Invalid In OSI Pharmaceuticals, Inc. v. Mylan Pharmaceuticals Inc., C.A. No. 09-185-SLR (D. Del. May 1, 2012), Judge Robinson concluded after a bench trial that defendant Mylan Pharmaceuticals, Inc. failed to prove that the patents-in-suit, which concerned a compound for treating a particular kind of lung cancer, were invalid.…
Frank v. Elgamal: Court of Chancery Finds Allegations of “Control Group” Sufficient to Invoke Entire Fairness Review of Merger
In Frank v. Elgamal, the Court of Chancery held that entire fairness review would apply to a cash-out merger between American Surgical Holdings, Inc. and an unaffiliated private equity purchaser, having concluded that the plaintiff adequately alleged the existence of a control group.
In re Answers: Court of Chancery Denies Motion to Dismiss, Finding Adequate Allegations that Directors Conceivably Could Have Acted in Bad Faith by “Consciously Disregarding” Their Duties in Sale of Company
In In re Answers Corporation Shareholders Litigation, the Court of Chancery refused to dismiss a lawsuit in connection with the acquisition of Answers Corporation by Summit Partners, L.P., holding that the plaintiffs adequately pled that four of Answers’ seven directors—though disinterested and independent—conceivably could have acted in bad faith, having known of the other directors’ interest but nevertheless conducting an expedited sales process.
Gearreald v. Just Care, Inc.: In Appraisal Proceeding, Court of Chancery Determines Fair Value of Company to Be $34 Million-$6 Million Less than Acquisition Price
In Gearreald v. Just Care, Inc., the Court of Chancery’s $35 million valuation of Just Care, Inc. in an appraisal proceeding was approximately $6 million less than the acquisition price.
In re Comverge: Court of Chancery Denies Preliminary Injunction, Declining to Second-Guess Directors’ Debatable but Reasonable Tactical Choices
In In re Comverge Inc. Shareholders Litigation, the Court of Chancery in an oral ruling refused to enjoin the acquisition of Comverge, Inc. by HIG Capital LLC, finding that the independent directors made reasonable decisions, even if those decisions were debatable in hindsight.
Forsythe v. ESC Fund Management: Court of Chancery Resolves Objections to Settlement by Giving Objectors Option to Continue Litigation Subject to Posting Secured Bond in Amount of Settlement Consideration
In Forsythe v. ESC Fund Management Co. (U.S.), Inc., the Court of Chancery resolved objections to a settlement by giving objectors the option of continuing the case in pursuit of a larger recovery if they agreed to post a secured bond.