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 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.