Friday, November 22, 2013

"Many commentators ... have implied that the case is a slam dunk for Jenack, which is just not so."

Nicholas O'Donnell on the oral argument at the Court of Appeals in the Jenack case:  "The view here is that the buyer (Rabizadeh) got the better of the argument, but one has to wonder how the equities will weigh on the court in a case where the winning bidder simply repudiated a voluntary transaction."