HD Supply defeats petition for leave to appeal lawsuit related to sale of its Power Solutions business unit
Client(s) HD Supply Holdings, Inc.
Jones Day successfully defended HD Supply Holdings, Inc. in a putative class action brought in Illinois concerning the interpretation and administration of HD Supply's Omnibus Incentive Plan following the sale of HD Supply's Power Solutions business unit. After obtaining dismissal from the Cook County Court of Chancery based on HD Supply's Delaware forum selection clause, Jones Day secured an affirmance by the Illinois Court of Appeals, and then a denial of plaintiffs' petition for leave to appeal to the Supreme Court of Illinois.
William E. Pettit et al. v. HD Supply Holdings, Inc., No. 123181 (Supreme Ct. Ill.); Pettit v. HD Supply Holdings, Inc., No. 2016-CH-06885 (Cir. Ct. Cook Cty., Ill.)