Successful Settlement Reached Quickly for Clothing Magnate and BSF Client Tory Burch
Tory Burch LLC engaged Boies, Schiller & Flexner to represent the Company and designer Tory Burch in Delaware Chancery Court litigation initiated by Ms. Burch’s former husband and Tory Burch LLC shareholder, J. Christopher Burch. BSF was retained in November 2012 after a widely publicized court hearing at which the presiding judge, Chancellor Leo E. Strine, Jr., raised questions about the counterclaims the company had filed in response to Chris Burch's complaint.
In the case, Ms. Burch alleged that Mr. Burch, a long-time Board member and a fiduciary of Tory Burch LLC, had breached his duties and violated his employment agreement by relying on the unique and well-known Tory Burch brand and aesthetic to launch a competing fashion and furnishings business. The case, which was scheduled for trial in April 2013, was settled by the parties on December 31, 2012.
Led by Managing Partner Jonathan Schiller, the case’s legal team was comprised of partners William Ohlemeyer, Courtney Rockett and Jonathan Sherman, as well as counsel Rick Rohan, and associates Joseph Kroetsch, Daniel Bryan, Moshe Schwartz and Wells Harrell.