ThinkEquity Partners, LLC v. Datatel, Inc.

ThinkEquity Partners, LLC v. Datatel, Inc.

more+
less-

This complaint arises out of a contract between Plaintiff ThinkEquity, LLC ("ThinkEquity") and Defendant Datatel, Inc. ("Datatel") wherein Datatel hired ThinkEquity to act as Datatel's financial advisor in connection with the sale and/or acquisition of Datatel in exchange for a fee of 3/4% of the consideration paid in any "Sale Transaction" as defined in the contract, concluded during the term of the contract or within 18 months of the contract's termination. Eight months after the contract termination, Datatel entered a transaction with Thoma Cressy Equity Partners ("Thoma") in which Thoma acquired Datatel for the sum of $265 million dollars through the purchase of a controlling block of Datatel stock. Datatel refused to pay ThinkEquity's fee in connection with the sale on the ground that the transaction was not a "Sale Transaction" within the meaning of the contract. ThinkEquity filed the instant complaint for breach of contract.

LOADING PDF: If there are any problems, click here to download the file.

Reference Info:Pleadings | Federal, 9th Circuit, California | United States


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© MBV Law LLP | Attorney Advertising

Written by:

more+
less-

MBV Law LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×