United Rentals, Cerberus Begin Trial Over Buyout

Law360, New York (December 18, 2007, 12:00 AM EST) -- United Rentals Inc. and Cerberus Capital Management ended up in court Tuesday, just a day after the parties agreed to delay the start of a trial in order to pursue settlement talks in their dispute over a buyout deal gone bust.

Despite predictions that the talks signaled a settlement in progress, the delayed trial began in the Delaware Court of Chancery before Chancellor William B. Chandler III Tuesday.

United Rentals sued the private equity firm in November after Cerberus backed out of a $4 billion deal...
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