Delaware Court of Chancery Rulings Highlight the Importance of a Plaintiff’s Subjective Intent in Books and Records Action

Two recent rulings of the Delaware Court ofChancery highlight the need to examine a stockholderplaintiff ’s objectives in seeking to inspect thecorporation’s books and records under Section 220of the Delaware General Corporation Law (DGCL).As is well known, a stockholder seeking to compelan inspection of books and records under Section220 must demonstrate a “proper purpose” for theinspection…

The Limits of Ratification: Delaware Supreme Court and Director Equity Incentive Awards

The Delaware Supreme Court recently overturned anopinion of the Delaware Court of Chancery holdingthat stockholder approval of an equity incentive planwith broad sub-limits on the number of shares availablefor grant to non-employee directors resulted inthe stockholders’ ratification of subsequent awards tothe directors. In essence, the Supreme Court held thatstockholders’ approval of an equity incentive plan willprovide…

Delaware Intellectual Property Law Update

This update provides short updates on judicial decisions, trends, and notable events in the United States District Court for the District of Delaware, traditionally one of the three busiest jurisdictions for intellectual property litigation.

Chief Judge Stark Denies Motion to Stay Pending Inter Partes Review

In President & Fellows of Harvard College v. Micron Tech., Inc., No. 17-1729-LPS-SRF (D. Del. Jan. 8, 2018), Chief Judge Stark denied the defendant’s motion to stay pending inter partes review. Although six claims among the two asserted patents were under inter partes review, the PTAB declined to institute review of the seventh claim…

Chief Judge Stark Dismisses Defendant for Improper Venue

In Koninklijke KPN N.V. v. Kyocera Corp., No. 17-87-LPS-CJB (D. Del. Dec. 18, 2017), Chief Judge Stark denied defendant Kyocera Corp.’s motion to dismiss for lack of personal jurisdiction, but granted defendant Kyocera International, Inc.’s motion to dismiss for improper venue. The Court first found that Kyocera International’s venue defense was neither waived (since the Federal…

Chief Judge Stark Denies Request for Interlocutory Appeal

In Princeton Digital Image Corp. v. Konami Digital Entertainment Inc., No. 12-1461-LPS-CJB (D. Del. Dec. 11, 2017), Chief Judge Stark denied Princeton Digital Image Corp.’s request to certify an interlocutory appeal of the Court’s denial of its motion to dismiss invalidity counterclaims. Several related lawsuits filed by Princeton Digital had been stayed during the pendency of…

Magistrate Judge Burke Strikes Damages Theory as Untimely

In Integra Lifesciences Corp. v. Hyperbranch Medical Technology, Inc., No. 15-819-LPS-CJB (D. Del. Nov. 14, 2017), Magistrate Judge Burke granted in part the defendant’s motion to strike the plaintiffs’ price erosion and market-share apportionment damages theory as untimely. During discovery, the defendant had sought the plaintiffs’ damages theories and underlying facts. According to the Court, the…

Judge Sleet Denies Motion for Judgment on the Pleadings and Motion for Sanctions

In Amgen Inc. v. Alkem Laboratories Ltd., C.A. No. 17-CV-815-GMS (D. Del. Dec. 19, 2017), Judge Sleet denied a motion for judgment on the pleadings and a motion for sanctions filed by two defendants in this consolidated Hatch-Waxman Act litigation. According to the Court, the movants alleged that their proposed ANDA product, lacking excipients required by…