Clients with major transactions routinely face shareholder and other litigation seeking to block or enforce a deal. As experienced and business-savvy litigators, we are able to fend off many such cases, often breaking new legal ground in the process.
Paul, Weiss Obtains Victory for Natexis
Practices
Paul, Weiss achieved a victory for our client Natexis, LLC yesterday when Justice Richard B. Lowe III of the Supreme Court of the State of New York granted our motion to dismiss in a breach of contract and declaratory judgment action.
The plaintiff, New Eagle Holdings, LLC, brought the action alleging that it was entitled to $94 million in payments under an agreement to provide price protection for certain shares of Natexis stock that New Eagle had received as part of an acquisition. We argued that New Eagle's interpretation of the agreement was without support and that the contract clearly and unambiguously supported our position that Natexis had satisfied all of its obligations under the contract.
Justice Lowe granted our motion to dismiss in full and adopted our arguments almost verbatim in his opinion.
Litigation partner Martin Flumenbaum argued the motion to dismiss, and the team included litigation partner Marc Falcone.