The Wall Street Journal, December 28, 2007, at A3
Dennis Berman
The
Journal reports BSF'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
