1. Home
  2. Browse Decisions
  3. CARR EX REL. ADVANCED CARDIAC THERAPEUTICS, INC. v. NEW ENTERPRISE ASSOCIATES, INC.
 

CARR EX REL. ADVANCED CARDIAC THERAPEUTICS, INC. v. NEW ENTERPRISE ASSOCIATES, INC.

C.A. No. 2017-0381-AGB.

KENNETH CARR, individually and on behalf of all others similarly situated, and derivatively on behalf of nominal defendant ADVANCED CARDIAC THERAPEUTICS, INC., Plaintiff, v. NEW ENTERPRISE ASSOCIATES, INC., PETER JUSTIN KLEIN, ROY T. TANAKA, DUKE S. ROHLEN, ARIS CONSTANTINIDES, WILLIAM OLSON, MICHAEL J. PEDERSON, NEW ENTERPRISE ASSOCIATES 14, L.P., NEA PARTNERS 14, LIMITED PARTNERSHIP, NEA 14 GP, LIMITED PARTNERSHIP, NEA VENTURES 2014, LIMITED PARTNERSHIP, AND DUKE ROHLEN AND KENDALL SIMPSON ROHLEN, AS TRUSTEES OR SUCCESSOR TRUSTEE, OF THE ROHLEN REVOCABLE TRUST DATED U/A/D 6/12/98, Defendants, and ADVANCED CARDIAC THERAPEUTICS, INC. Nominal Defendant.

Court of Chancery of Delaware.

Decided: March 26, 2018.

Attorney(s) appearing for the Case

T. Brad Davey and Matthew A. Golden of POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; Barry S. Pollack and Joshua L. Solomon of POLLACK SOLOMON DUFFY LLP, Boston, Massachusetts; Counsel for Plaintiff.

Herbert W. Mondros and Krista R. Samis of MARGOLIS EDELSTEIN, Wilmington, Delaware; Counsel for Defendants Peter Justin Klein, Roy Tanka, Duke Rohlen, Aris Constantinides, William Olson, Michael Pederson, Duke Rohlen and Kendall Simpson Rohlen, as Trustees or Successor Trustee of the Rohlen Revocable Trust Dated U/A/D 6/12/98, and Nominal Defendant Advanced Cardiac Therapeutics, Inc.

Michael F. Bonkowski and Nicholas J. Brannick of COLE SCHOTZ P.C. Wilmington, Delaware; Roger A. Lane , Courtney Worcester , and Jasmine D. Coo of FOLEY & LARDNER LLP, Boston, Massachusetts; Angelica Boutwell of FOLEY & LARDNER LLP, Miami, Florida; Counsel for Defendants New Enterprise Associates, Inc., New Enterprise Associates 14, L.P., NEA Partners 14, Limited Partnership, NEA 14 GP, Limited Partnership, NEA Ventures 2014 Limited Partnership.

MEMORANDUM OPINION

This action involves a dispute between Kenneth Carr, a co-founder of Advanced Cardiac Therapeutics, Inc. ("ACT" or the "Company"), and its controlling stockholder, New Enterprise Associates, Inc. ("NEA"). ACT is a pre-commercial medical device company. NEA holds itself out as one of the largest venture capital...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases