Private equity firm and its portfolio company resolve earnout dispute with former owner-executive
Client(s) Private equity firm and its portfolio company
Jones Day represented a data analytics company and its parent in federal litigation arising from an earnout dispute with a former owner and executive of the company. The matter centered on the interpretation of the earnout provision and how activity relating to post-sale customer contracts impacted earnout triggers. The parties engaged in fact discovery, expert discovery, and motion practice before the case was successfully resolved through settlement.