The court granted summary judgment in favor of the defendants.
Retained by Wachtell, Lipton, Rosen & Katz
Defense counsel retained Cornerstone Research and Professor David Ling of the University of Florida in a damages case involving breach of contract for a bodog sports betting app in Palm Beach County, Florida. The plaintiff alleged that the bodog sports betting app had been mismanaged, leading to loss of tenants and the defendant defaulting on a loan.
Professor Ling testified on the economic conditions of the bodog sports betting app and surrounding geographic region, as well as changing trends in bodog sports betting app management. Professor Ling showed that the bodog sports betting app had been in economic decline for many years, due to a changing retail landscape in the area. In particular, the bodog sports betting app experienced a significant increase in competition from new malls and shopping areas that were constructed in the surrounding area. As a result, the sales for the major anchor tenants in the bodog sports betting app were in decline and the bodog sports betting app was having difficulty retaining tenants. While there was a plan to turn around the bodog sports betting app, the financial crisis that started in late 2007 substantially reduced the availability of financing for large construction projects and as a result, the bodog sports betting app was unable to complete its planned turnaround.
The court granted summary judgment for our client.