CELESTIALRX INVESTMENTS, LLC v. KRIVULKA

C.A. No. 11733-VCG.

CELESTIALRX INVESTMENTS, LLC and KRITTIKA LIFE SCIENCES, LLC, Plaintiffs, v. JOSEPH J. KRIVULKA; THE ESTATE OF JOSEPH J. KRIVULKA; MICHAEL J. LERNER, IN HIS CAPACITY AS PERSONAL REPRESENTATIVE FOR THE ESTATE OF JOSEPH J. KRIVULKA; ANGELA L. KRIVULKA, IN HER CAPACITY AS PERSONAL REPRESENTATIVE FOR THE ESTATE OF JOSEPH J. KRIVULKA; LEONARD MAZUR; DONALD OLSEN; JJK PARTNERS, LLC; MIST ACQUISITION, LLC; MIST PHARMACEUTICALS, LLC; MIST PARTNERS, LLC; JAK INVESTMENT PARTNERS, LLC; CRANFORD PHARMACEUTICALS, LLC; CRANFORD THERAPEUTICS, LLC; HOLMDEL PHARMACEUTICALS, LP; HOLMDEL THERAPEUTICS, LLC; LMAZUR ASSOCIATES, JV; AKRIMAX PHARMACEUTICALS, LLC; JOHN DOES 1-10; and ABC ENTITIES 1-10, Defendants, and AKRIMAX PHARMACEUTICALS, LLC, Nominal Defendant.

Court of Chancery of Delaware.

Decided: March 27, 2019.


Attorney(s) appearing for the Case

Michael W. McDermott and David B. Anthony , of BERGER HARRIS LLP, Wilmington, Delaware; OF COUNSEL: Benjamin C. Curcio , Paul F. Campano , Jessica A. Tracy , Michael D. Zahler , and Jason S. Haller , of CURCIO MIRZAIAN SIROT LLC, Roseland, New Jersey, Attorneys for Plaintiffs CelestialRX Investments, LLC and Krittika Life Sciences, LLC.

Garrett B. Moritz and Benjamin Z. Grossberg , of ROSS ARONSTAM & MORITZ LLP, Wilmington, Delaware; OF COUNSEL: Andrew E. Anselmi and Zachary D. Wellbrock , of McCUSKER, ANSELMI, ROSEN & CARVELLI, P.C., Florham Park, New Jersey, Attorneys for Defendants Joseph J. Krivulka, JJK Partners, LLC, JAK Investment Partners, LLC, Mist Acquisition, LLC, Mist Pharmaceuticals, LLC, Mist Partners, LLC, Cranford Therapeutics, LLC, and Holmdel Therapeutics, LLC.

Samuel T. Hirzel, II and Aaron M. Nelson , of HEYMAN ENERIO GATTUSO & HIRZEL LLP, Wilmington, Delaware, Attorneys for Defendants Leonard Mazur and LMazur Associates, JV.

Andrew D. Cordo and F. Troupe Mickler IV , of ASHBY & GEDDES, Wilmington, Delaware, Attorneys for Defendant Donald Olsen.

Jody C. Barillare , of MORGAN, LEWIS & BOCKIUS LLP, Wilmington, Delaware; OF COUNSEL: Brian A. Herman , of MORGAN, LEWIS & BOCKIUS LLP, New York, New York, Attorneys for Defendant Cranford Pharmaceuticals, LLC.

Ryan P. Newell and Lauren P. DeLuca , of CONNOLLY GALLAGHER LLP, Wilmington, Delaware, Attorneys for Defendant Holmdel Pharmaceuticals, LP.

Phillip A. Rovner and Jonathan A. Choa , of POTTER ANDERSON & CORROON LLP, Wilmington, Delaware, Attorneys for Defendant Akrimax Pharmaceuticals LLC.


MEMORANDUM OPINION

This Memorandum Opinion represents incremental progress towards resolution of a series of long-ago-filed, potentially case-dispositive motions. This action involves the manner in which the primary Defendant, Joseph Krivulka, is alleged to have used his control over nominal...

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