The Business Litigation Blog

RatnerPrestia Settles Breach of Contract and Fraud Disputes Over a Merger

RatnerPrestia sued German law firm Stolmár & Partner for breach of contract, fraud, and other claims. RatnerPrestia had shared client ties with Stolmár & Partner and the two companies had previously worked together on intellectual property issues.

       When the two firms worked together there was discussion of a merger. RatnerPrestia is an IP boutique located in the US and was hoping to establish a location in Munich. Stolmár was a Munich based company and had previously agreed to merge after signing a nondisclosure agreement. Stolmár delayed the combination of the firms and started to withhold documents after several months of serious discussion. Stolmár continued to reassure that they intended to move forward with the transaction.

      Stolmár started to have separate private discussions about a merger with a different law firm. They acknowledge cold feet. They did not disclose the separate discussions. RatnerPrestia and Stolmár continued merger discussions.

      Three attorneys agreed to the merger and a new location opened in Munich in 2016. One of the attorneys who agreed to the merger backed out in September of 2015 and triggered the breach of contract by violating terms of the nondisclosure and other contractual agreements. In January 2017 the two firms came to an agreement, settled, and moved to dismiss the case.

      If you are experiencing a shareholder dispute, contact the Patterson Law Firm at (312)-223-1699 or Tom Patterson at tpatterson@pattersonlawfirm.com

1 comment for “RatnerPrestia Settles Breach of Contract and Fraud Disputes Over a Merger”

  1. Erna posted on Saturday, April 15, 2017 at 3:38:28 PM

    Way trendy, some valid points! I appreciate you making this post available, the
    remaining part of the site is also high quality.
    Have a enjoyable.

Post a comment

Comments closed

 
Real Time Web Analytics