- Our firm, together with Weil, Gotshal & Manges LLP, successfully represented Lender Processing Services, Inc. in an appraisal proceeding arising from Fidelity National Financial, Inc.’s $4.2 billion acquisition of Lender Processing. Following a four-day trial, the Court of Chancery gave 100% weight to the final merger consideration. Petitioner Merion Capital accordingly received none of the approximately $90 million in additional consideration it had sought in the appraisal action.
- Our firm, together with Weil, Gotshal & Manges LLP, successfully represented affiliates of Kinder Morgan, Inc. in an appeal from a post-trial decision by the Court of Chancery that held the defendant liable to unaffiliated master limited partnership investors for $171 million. On appeal, the Delaware Supreme Court held that the claims were owned by the partnership entity, and that as a result the plaintiff had lost standing following the partnership’s acquisition by Kinder Morgan. Accordingly, the Supreme Court reversed the $171 million judgment in its entirety.
Corporate and Complex Commercial Litigation
Ross Aronstam & Moritz is focused on corporate and other complex commercial litigation in the Court of Chancery and other State and Federal courts in Delaware. Our litigation portfolio includes contests for corporate control, “busted deal” cases, alternative entity litigation, defense of corporations, directors, and officers against putative class actions brought by stockholder plaintiffs, and special statutory proceedings. Ross Aronstam & Moritz attorneys also have substantial experience with complex commercial and intellectual property litigation, as well as high-profile family trust disputes. Our experience in these disputes enables us to handle all stages of such matters, from pre-filing counseling through trial and appeal.