2nd Circ. Clears Wachtell In Refiner's Malpractice Case
Law360 (October 7, 2020, 6:09 PM EDT) -- The Second Circuit on Wednesday put an end to CVR Energy Inc.'s allegations that negligence and other bad lawyering by Wachtell Lipton Rosen & Katz left the company on the hook for $37 million in bank fees after Carl Icahn's 2012 takeover.
The Second Circuit affirmed the dismissal of Texas-based petroleum refiner CVR's claims in a nonprecedential summary order. The panel said Wachtell was not to blame for the company's decision to sign engagement letters with Deutsche Bank Securities Inc. and Goldman Sachs & Co. that required CVR to pay them $37 million in sales transaction fees when Icahn succeeded in...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!