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Genesco v. Finish Line - Trial

Overview

Case Name:
Genesco v. Finish Line - Trial
Case Number:
07-2137-II(III) 
Start Date:
December 10, 2007
End Date:
December 18, 2007
Description:
M&A Multi-billion dollar breach of contract suit invoking material adverse effect clause. Lawsuit is filed by Genesco Inc. against The Finish Line Inc. for failure to complete its $1.5 billion purchase of Genesco.
Result:
Judge Lyle ruled that Finish Line breached its merger agreement with Genesco by not closing the $1.5 billion deal to buy the company and that it cannot invoke a termination clause in the agreement.

Parties

  • Plaintiff - Genesco
  • Defense - Finish Line

Location & Judge

Judge:
Ellen Hobbs Lyle
Courthouse:
Metro Courthouse
1 Public Square
Nashville, TN 37201
Jurisdiction:
State Trial Court
Tennessee Court of Chancery