Individuals v. New York Corporation

W. George Wailes

Case Conclusion Date:April 15, 2003

Practice Area:Litigation

Outcome:settlement for approximately $47 million (based on adjustments up or down of approximately $1 million post settlement) after a year of settlement negotiations and mediation in New York, California, and Mexico.

Description:purchaser of publishing business breached agreement to pay percentage of income after purchase. Seller claimed fraud in accounting statements and unfair business practices aimed at defeating the intent of the sale agreement.