A heated battle among law firms looking to lead what’s likely the largest ever buyout arbitrage case ended Tuesday with victory for a group of attorneys billing hourly, who prevailed over rivals looking to take a percentage.
A Delaware judge handed the litigation to Abrams & Bayliss LLP, rejecting a competing bid by Rolnick Kramer Sadighi LLP and Heyman Enerio Gattuso & Hirzel LLP. The consolidated lawsuit challenges Silver Lake‘s $13 billion private equity buyout of Endeavor Group Holdings Inc., saying the deal was so underpriced that it undershot the value of just the conglomerate’s flagship ...
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