The Wall Street Journal, December 28, 2007, at A3
Dennis Berman
The
Journal reports BS&F's win in Tennessee Chancery Court. On December 27, 2007, Chancellor Ellen Hobbs Lyle ordered Finish Line and UBS to proceed with a $1.5 billion merger they had sought to repudiate in light of the credit crisis. The
Journal noted that the rarity of the relief obtained -- "[c]ourts are generally hesitant to accept so-called ‘specific performance'" -- and that "[t]he trial [was] closely watched on Wall Street, as investors and corporate boards look for guidance in how to handle a spate of litigation over scuttled merger agreements."
Related Lawyers:
James P. Denvir III,
Michael Brille,
David R. Boyd,
William C. Jackson,
Jonathan M. Shaw,
David L. Zifkin,
Ian Crichton,
,
,
Jonathan D. Schiller
Related Practice:
Litigation
External Link: http://online.wsj.com/article/SB119881313258254887.html
