CorePower Yoga Bound to $30 Million Studio Deal Despite Pandemic

CorePower Yoga LLC must pay roughly $30 million, plus interest, for trying to walk away from its buyout of 34 franchise locations, a Delaware judge ruled, ending the company’s two-year quest to break off the deal over the Covid-19 pandemic.

Vice Chancellor Joseph R. Slights III issued in an 88-page decision Tuesday in favor of CorePower’s onetime largest franchise operator, Level 4 Yoga LLC, rejecting the idea that it repudiated the transaction by breaching its contracts with CorePower when it shuttered studios early in the pandemic.

Slights, writing for Delaware’s Chancery Court, repeatedly criticized CorePower for hammering Level 4 with ...