The Delaware Court of Chancery, in Preston Hollow Capital, LLC v. Nuveen, LLC, et al., C.A. No. 2019-0169-SG, memo. op. (Del. Ch. Apr. 9, 2020), finds plaintiff company demonstrated that defendant, a competitor, intentional interfered with plaintiff’s business relations by threatening to refrain from doing business from plaintiff’s customers, but its demonstration of past harm did not support entry of permanent injunctive relief.
NEW: Morris James discusses the decision in Chancery Finds Tortious Interference By Financial Industry Competitor and Addresses the Requirements for Obtaining Permanent Injunctive Relief.
Frank Reynolds discusses the decision in Chancery Court finds muni bond giant Nuveen used size, “lies” and pressure to squash small rival.
$$$ Law360 discusses the decision in Preston Hollow Gets No Relief For Nuveen’s ‘Lies’.
Bloomberg discusses the decision in Nuveen Improperly Tried to Destroy Rival, Judge Concludes.