Realogy Appeals Bid to Close SIRVA Deal Disrupted by Pandemic

Realogy Holdings Corp. wants Delaware’s top court to revive part of its Chancery Court lawsuit over a $400 million business unit sale that Madison Dearborn Partners LLC affiliate SIRVA Worldwide Inc. backed out of over the Covid-19 pandemic.

The real estate brokerage asked the state Supreme Court to reinstate its claim for “specific performance” of the transaction—an order forcing SIRVA to close on it—after Vice Chancellor Morgan T. Zurn threw out that portion of the case July 17. The ruling didn’t affect Realogy’s bid for deal termination fees.

The case is part of a wave of suits asking courts to ...