C&J ENERGY SERVICES, INC. v. MIAMI

No. 655/657, 2014.

107 A.3d 1049 (2014)

C & J ENERGY SERVICES, INC., Joshua E. Comstock, Randall C. McMullen, Darren M. Friedman, Adrianna Ma, Michael Roemer, C. James Stewart, III, H.H. "Tripp" Wommack, III, Nabors Industries Ltd., and Nabors Red Lion Limited, Defendants Below, Appellants, v. CITY OF MIAMI GENERAL EMPLOYEES' and Sanitation Employees' Retirement Trust, on behalf of itself and on behalf of all others similarly situated, Plaintiff Below, Appellee.

Supreme Court of Delaware.

Decided: December 19, 2014.


Attorney(s) appearing for the Case

Stephen C. Norman, Esquire , Michael A. Pittenger, Esquire , Jaclyn C. Levy, Esquire , Potter Anderson & Corroon LLP, Wilmington, Delaware; Michael C. Holmes, Esquire (argued), Elizabeth C. Brandon, Esquire , Vinson & Elkins LLP, Dallas, Texas, Attorneys for Appellants C & J Energy Services, Inc., Joshua E. Comstock, Randall C. McMullen, Darren M. Friedman, Adrianna Ma, Michael Roemer, C. James Stewart, III, and H.H. "Tripp" Wommack, III.

William M. Lafferty, Esquire , Leslie A. Polizoti, Esquire , Eric S. Klinger-Wilensky, Esquire , Lindsay M. Kwoka, Esquire , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Alan J. Stone, Esquire (argued), Hailey DeKraker, Esquire , Milbank, Tweed, Hadley & McCloy LLP, New York, New York, for Appellants Nabors Industries Ltd. and Nabors Red Lion Limited.

Stuart M. Grant, Esquire , James J. Sabella, Esquire , Mary S. Thomas, Esquire , Jonathan M. Kass, Esquire , Grant & Eisenhofer P.A., Wilmington, Delaware; Mark Lebovitch, Esquire , Jeroen van Kwawegen, Esquire (argued), Abe Alexander, Esquire , Bernstein Litowitz Berger & Grossmann LLP, New York, New York, Attorneys for Appellee City of Miami General Employees' and Sanitation Employees' Retirement Trust.

Before STRINE; Chief Justice; HOLLAND, RIDGELY, VALIHURA, and VAUGHN, Justices, constituting the Court en Banc.


I. INTRODUCTION

This is an expedited appeal from the Court of Chancery's imposition of an unusual preliminary injunction.1 City of Miami General Employees' and Sanitation Employees' Retirement Trust ("the plaintiffs") brought a class action on behalf of itself and other stockholders...

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