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Former shareholders obtain settlement in post-closing dispute

January 2024

Client(s) Former shareholders

Jones Day obtained a settlement on behalf of former shareholders in a post-closing dispute. Our client pursued the action alleging that the Defendant breached provisions of the purchase agreement requiring the Defendant to pay the former shareholders proceeds of the sale of a subsidiary entity. The case settled after we prevailed on a significant discovery motion requiring Defendant to disclose information about the underlying transaction.

Shareholder Representative Services LLC v. BTAC United Acquisition Holding Company, C.A., No. 2022-1141-KSJM (Del. Ch.)

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