Blogs

December 15, 2023 Segway Inc., known for its personal transportation devices, brought a claim for breach of fiduciary duty against its former President. On December 14, 2023, the Delaware Chancery Court dismissed the action. According to the 12-page decision, Segway experienced declining sales of its personal transportation devices and an allegedly inordinate increase in accounts […]

September 24, 2023 After a Massachusetts jury returned a verdict of $24.4 million against a former officer of Chime Media, the defendant turned to PSD for post-trial motions. PSD argued that Chime Media’s damages theories were speculative. On September 21, 2023, the court granted a remittitur motion, reducing the amount of the verdict to less […]

A PSD client, who is a member and manager of certain Massachusetts LLCs that invested in a cannabis company, prevailed on standing issues, allowing him to bring derivative claims on behalf of one of the LLC’s through which he invested in the business. The Court rejected various arguments by defendants, explaining that “[w]hile futility of […]

In an Order implementing rulings from the bench on April 6, 2022, the Delaware Chancery Court issued an Order dismissing derivative claims brought by a member of PSD’s client Teucrium Trading, LLC. The plaintiff brought claims alleging breaches of fiduciary duty and terms of an operating agreement. These claims included allegations that officers purportedly caused […]

Representing three professional medical entities against Anthem Health Plans of Virginia, d/b/a Anthem Blue Cross Blue Shield in Virginia, PSD won an Order rejecting defense efforts seeking dismissal of a quantum meruit claim. The case arises from allegations by emergency room provider groups of underpayments for services as out-of-network providers. The Complaint alleges more than […]

PSD represents a former insured against Metropolitan Property & Casualty Insurance Company and one of its outside law firms that allegedly retained at least two “independent” chiropractors who were not “independent” because they were paid excessive compensation to categorically deny insurance claims. A fight at the motion to dismiss stage focused on whether plaintiff had […]