On March 1, 2022, the Delaware Court of Chancery delivered a memorandum opinion ordering a yoga franchisor to complete the acquisition of its franchisee’s chain of yoga studios. The case arose out of the parties’ pre-COVID asset purchase agreement (“APA”) through which the defendant, CorePower Yoga LLC, was set to acquire various yoga studios owned by the plaintiff, Level 4 Yoga, LLC, for nearly $30 million. Level 4 claimed that CorePower breached the parties’ APA in the early months of...
Published by attorneys in Dorsey’s Mergers & Acquisitions practice group, Dorsey Deal Dividends covers the latest legal updates, news, and trends in M&A and other complex corporate transactions.
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Dave advises clients on venture financing transactions, mergers and acquisitions, securities filings, and corporate governance matters, including helping clients to form and optimally structure business and investment entities.
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