Vice Chancellor J. Travis Laster of the Chancery Court of the State of Delaware. HANDOUT. 'Fraud About Fraud': In Rare Ruling Letting a Buyer Walk Away from a Deal, VC Laster Blasts Gibson Dunn, Hands Win to Quinn
"With the benefit of hindsight, the ultimate failure of the transaction can be traced to Anbang and Gibson Dunn's decisions to withhold information about the fraudulent deeds and to delay taking action to remedy the problem," Vice Chancellor Travis Laster of the Delaware Court of Chancery wrote in a novel-length, 242-page opinion issued Monday.
December 02, 2020 at 07:30 AM
6 minute read
Usually when you convince a judge that your client was the victim of fraud, you get a certain level of sympathy from the bench.
That wasn't the case for litigators at Gibson, Dunn & Crutcher and their client, the Chinese conglomerate formerly known as Anbang Insurance Group Ltd.
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