Potter Anderson Helps Secure Chancery Court Win for Rent-A-Center
Three days following post-trial arguments, Vice Chancellor Glasscock of the Delaware Chancery Court ruled that Rent-A-Center Inc. does not have to complete a $1.4 billion buyout by private equity firm Vintage Capital Management LLC because Vintage failed to deliver written notice to extend the agreement’s December 17, 2018 end date, which gave Rent-A-Center the right to terminate.
Serving as Delaware counsel to Munger Tolles & Olson, partner Mike Pittenger led Potter Anderson’s team for Rent-A-Center, which included partners Brad Davey, Matthew Davis and Matt Belger and associates Jacqueline Rogers, Dan Rusk, David Hahn and Caneel Radinson-Blasucci.
News of the ruling was reported by Law360, Reuters, Bloomberg and other major business media outlets.
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Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm centers its practice on corporate and alternative entity law and litigation, commercial litigation, bankruptcy, intellectual property, labor and employment, and real estate.