- Our firm, together with Hogan Lovells US LLP, represented private equity investor Palisades Growth Capital in a highly expedited litigation to invalidate deceptive Board actions taken by a director and former CEO at Palisades’ portfolio company, QLess, and to determine control of QLess following the deception. On March 26, 2020, the Court of Chancery issued a post-trial decision invalidating the challenged Board actions as inequitable under Schnell and returning control of QLess to its state prior to the actions. That ruling was subsequently affirmed by the Delaware Supreme Court on January 15, 2021.
- Our firm, together with Kirkland & Ellis LLP, successfully represented Solera Holdings, Inc., in an appraisal proceeding arising from Vista Equity Partner’s $3.85 billion acquisition of Solera. Following a five-day trial, the Court of Chancery agreed with Solera that its fair value was the deal price adjusted downward for synergies and, as a result, the petitioners received less than they would have had they accepted the merger consideration.