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Latham & Watkins on Tuesday secured a win on behalf of telecommunications client Telefónica, after a judge ruled that defendants improperly failed to close a merger worth more than $500 million. Manhattan Supreme Court Justice Andrew Borrok of the commercial division also found that Telefónica had been deprived of the full $623 million final purchase price on the date of the breach, and that plaintiffs were owed around $140 million in damages.
Telecommunications
February 14, 2024, 5:35 PM