Acquiring Company v. Controlling Shareholders of Acquired Company
Acquiring Company v. Controlling Shareholders of Acquired Company
After an acquisition of a software development company, the acquiring corporation commenced a binding arbitration under the terms of the acquisition contract against our clients, the controlling shareholders of the acquired company. After the arbitrator was engaged, we commenced discovery demonstrating there was no merit to the claims against our clients. Our clients were then dismissed for a waiver of costs. The original demand was for over $285,000.
