Source: http://www.prickett.com/areas-of-practice/corporate-litigation/
Timestamp: 2019-04-21 23:01:52+00:00

Document:
Corporate Litigation : Prickett, Jones & Elliott, P.A.
As the “corporate capital” of the world, Delaware historically has been, and continues to be, the primary forum for litigation of major corporate disputes. Litigating corporate and fiduciary actions is the firm’s primary practice area. While we are well known for our representation of stockholders and investors, our Corporate Litigation group also regularly represents officers, directors and corporations in the Delaware Court of Chancery, other Delaware courts, and in Federal court. Our corporate litigation attorneys represent clients in lawsuits involving mergers and acquisitions, tender offers, control contests, appraisal proceedings, and similar disputes. We are experienced in prosecuting and defending summary proceedings involving director and officer indemnification and advancement, inspection of books and records, election contests, and corporate dissolution proceedings.
Prickett Jones pioneered common law breach of fiduciary duty claims, using creative and innovative strategies and theories to vigorously protect investors from corporate wrongdoing. From Smith v. Van Gorkom, a seminal case defining the duty of care for directors of Delaware corporations, to Weinberger v. UOP, Inc., a seminal case establishing the entire fairness standard of review for interested corporate transactions, Prickett Jones’s decades of experience in protecting investors and “defending the corporate bastion” includes, among others, the two most successful derivative actions in history: In re Southern Peru Copper Corp. S’holder Litig., where approximately $2.1 billion was recovered for the Southern Copper Corp.; and Tucker v. Scrushy, where approximately $2.9 billion in damages was awarded to HealthSouth Corp.
Prickett Jones also has deep experience in asserting stockholder statutory rights, such as a stockholder’s right to demand the inspection of the books and records of a corporation, a right to an annual stockholders’ meeting, and a stockholder’s right to have his stock independently appraised by the Delaware Court of Chancery.
Prickett Jones has extensive experience in defending corporations and their principals in high stakes corporate and commercial disputes in state and federal courts, including the Delaware Court of Chancery. Such matters range from deal litigation to securities suits and the enforcement of statutory rights of corporations, directors and officers. Recent defense clients include corporate acquisition targets (In re Procera Networks, Inc. Stockholders Litigation, Cons., Del. Ch., C.A. 10951-VCL), officers and directors accused of breaches of fiduciary duty and violations of federal securities laws (Optimiscorp v. Waite, Del. Ch., C.A. No. 8773-VCP; Ausikaitis v. Kiani, D. Del., C.A. No. 12-cv-1175-SLR; In re Fisker Automotive Holdings Inc. Shareholder Litigation, D. Del., 13-2100-SLR) and corporations in disputes with dissident stockholders (Bessenyei v. Vermillion, Inc., Del. Ch., C.A., No. 8194-VCN).
Prickett Jones’s defense experience includes the successful representation of corporate acquirers and special committees. Prickett Jones and its co-counsel recently obtained a defense judgment after trial on plaintiffs’ claims of breach of contract, fraud, estoppel, and unjust enrichment in connection with our clients’ $2 billion acquisition of a nursing home company. Grunstein v. Silva, 2015 WL 4473641 (Del. Ch. Sept. 5, 2014). In W.J. Garrett Trust v. Byrne, et al., Cause No. 2011-71702 (District Court of Harris County, Texas; 157th Judicial District), Prickett Jones represented special committee members in a litigation arising from the acquisition by Energy Transfer Partners L.P. of a subsidiary of Southern Union Company for approximately $2 billion as part of the overall acquisition of Southern Union by Energy Transfer Equity, L.P.

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