Credit: jiris/Adobe Stock Another Loaded Batch of Litigator of the Week Runners-Up and Shout-Outs
Lawyers at Selendy Gay landed what appears to be the largest damages award ever in an earnout dispute in Delaware. David Sanford of Sanford Heisler Sharp secured a win for the family of murder victim Hae Min Lee at the Maryland Supreme Court.
September 06, 2024 at 07:25 AM
7 minute read
First up this week are Philippe Selendy, Jennifer Selendy, Sean Baldwin and their team at Selendy Gay, who landed what appears to be the largest damages award in an earnout dispute in Delaware history for their clients, former investors in Auris Health Inc. Vice Chancellor Lori Will found that Johnson & Johnson owes more than $1 billion in damages and interest after it failed to honor its agreement to make "commercially reasonable efforts" to help Auris' surgical robot iPlatform meet certain milestones after a 2019 acquisition. "J&J's promise to Auris was broken almost immediately after closing," Will wrote. "Instead of providing efforts and resources to achieve the regulatory milestones, J&J thrust iPlatform into a head-to-head faceoff against [its own robot] Verb called 'Project Manhattan.'" The team representing the former Auris stockholders also included Selendy Gay partner Oscar Shine and associates Meredith Nelson, Julie Singer and Jeff Zalesin, as well as Bradley Aronstam and Roger Stronach of Ross Aronstam & Moritz.
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