Clear Channel Broadcasting, Inc. v. Newport Television, LLC v. Wachovia Investment Holdings, LLC, C.A. No. 3550-VCS (Del. Ch. 2008)
Ross Aronstam & Moritz attorneys, together with Weil Gotshal & Manges LLP, represented Newport and Providence Equity Partners in expedited Delaware Court of Chancery actions arising out of a more than $1 billion asset purchase agreement seeking, among other relief, an order of specific performance requiring Wachovia to comply with its funding obligations so that the transaction could be consummated. The transaction successfully closed following settlement.