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."
