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The Paul, Weiss Litigation Department is led by a team of the country’s most accomplished trial lawyers. Our litigators in New York and Washington, D.C. handle the most complex and demanding lawsuits, class actions, government investigations, criminal prosecutions and restructurings. Our clients include Fortune 50 corporations and other prominent companies in the financial services, investment, medical device, pharmaceutical, sports, technology, energy, media and insurance industries. Every day, we are called on by chief executives, board chairs, general counsel, investors and entrepreneurs for our unmatched trial skills, sophisticated business judgment and renowned strategic advice.

New York Judge Denies Dominion Diamond Merger Vote Challenge

Paul, Weiss successfully defended Canadian diamond mining company Dominion Diamond Corporation and seven of eight members of its board of directors in an action brought by a shareholder seeking to enjoin the shareholder vote on a previously announced $1.2 billion transaction. In the transaction in question, an affiliate of The Washington Companies is seeking to acquire Dominion for $14.25 per share in cash, representing a premium of approximately 44 percent.

After reviewing the parties’ briefs and hearing oral argument, Justice Scarpulla of the Commercial Division of the New York Supreme Court denied the plaintiff’s motion for a preliminary injunction agreeing with Paul, Weiss that the plaintiff failed to show a substantial likelihood of success on the merits because the complaint would likely be dismissed based on lack of personal jurisdiction, forum non conveniens, or failure to state a claim under Canadian law. The shareholders of Dominion Diamond, the world’s third-largest producer of rough diamonds by value, approved the $1.2 billion sale.

The Paul, Weiss team included litigation partner Andrew Gordon and corporate partner Adam Givertz.

September 19, 2017

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