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: Delaware Corporate and Commercial Litigation BlogLegal Issues Raised in Citibank-Wachovia-Wells Fargo Threesome
By Francis G. X. Pileggi, Esq.
Professor Ribstein here and Professor Bainbridge here, discuss the legal issues involved in the three-way dispute between Citibank; Wachovia and Wells Fargo, and whether the Citibank-Wachovia deal can be specifically enforced despite WF's higher later bid.
Although that Citi-Wachovia deal document is not controlled by Delaware law, to the extent that the New York court hearing the case (and apparently applying North Carolina law), refers to Delaware law, the many decisions on specific performance summarized on this blog can be found here.
Full post as published by Delaware Corporate and Commercial Litigation Blog on October 05, 2008 (boomark / email).
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