Cases & Deals

U.S. information technology company litigates against sellers of shares of French company

Clients U.S. information technology company

Jones Day represented an American international communication and information technology company serving government and commercial markets in more than 150 countries against the sellers of the shares of a French company. A dispute arose between the parties regarding the calculation and payment of the Earn Out Price and the Post-Closing Adjustment pursuant to the Stock Purchase Agreement. The sellers delivered a writ of summons before the Commercial Court of Paris ("Tribunal de Commerce de Paris"), claiming payment of USD 6 million plus interest. The parties eventually reached a settlement agreement.

U.S. information technology company v. French company