CMZ Law Firm

Victories

$27.8 Million Verdict

$27.8 Million Verdict

CMZ represented the owners of a company who merged with a larger competitor company. The merger provided stock in the larger competitor company to our clients. A few days after the merger, the larger competitor announced that its fourth-quarter earnings were below expectations.

Our clients had been provided with financial documents and a prospectus that showed a much higher value for the stock than what the company reported a few days later.

Summary

fourth-quarter earnings were below expectations.

CMZ represented our clients in arbitration and sought the difference in value of the stock given at the time of the merger and the value of the stock after the revelation of the less than expected earnings.