FIRM SECURES DISMISSAL OF ACTION AGAINST ARGENTINE ENERGY COMPANY

The Firm secured in an important victory for an Argentine Energy company, which was sued by a B.V.I. investment company in connection with an $80 million transaction.  The two companies considered working together to purchase a third company.   The Firm’s client purchased the third company without the B.V.I. company.  The B.V.I. company sued in New York for alleged breaches of a “non-circumvent” agreement.  After beating back a preliminary injunction, the Firm’s lawyers moved to dismiss the claims for failure to state a cause of action.  Relying on an exception to the normal rule prohibiting the use of documentary evidence on a pre-answer motion to dismiss, the Firm’s lawyers successfully persuaded the New York court to dismiss all of the claims outright.