Simon Counts on Seasoned Lawyer to Snuff Out Taubman Mall Buyout

  • Date: 11-Jun-2020
  • Source: Bloomberg
  • Sector:Economy
  • Country:UAE
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Simon Counts on Seasoned Lawyer to Snuff Out Taubman Mall Buyout

Simon filed its busted-deal case in state court in Michigan, where Taubman is based.. Michigan, along with Delaware and a handful of other states, has specialized business courts to deal with high-profile corporate disputes.. The merger agreement contains a specific clause ruling out pandemics as triggering a material-adverse event, Hamermesh said.. The judge who'll scrutinize the Simon-Traubman deal is James Alexander, a judge in the Michigan system's business court since it was created in 2013.The case is Simon Property Group v. Taubman Centers Inc, 2020-181675-CB, Oakland County Michigan Circuit Court, (Pontiac).