Lead Counsel in Litigation Involving the Sale of a Large Denver-Based Company
Jan 01, 2006OUTCOME: Settled
In 2004, a prominent Denver family sold its business to two private equity investment firms which intended to increase the value of the company and sell it at a profit. This “fix and flip” proved more ... difficult than the new owners anticipated. Nearly two years after the sale, they sought damages from the family based on facts known to the buyers at the time of closing and post-purchase decisions made by the buyers after a six-month period of due diligence. Through a highly contentious mediation process, Reilly Pozner, representing the family, demonstrated that the buyers’ disappointment in their investment was not grounds to recover damages from the family. The matter ultimately concluded in a settlement extremely favorable to our clients.
