Protecting a Client's $10M Business Opportunity
Our client had negotiated a very favorable financing arrangement with a wholesaler of electronic goods. Key to the transaction was credit insurance issued by an international insurer. A few months into the arrangement, the credit insurer decided it wanted to withdraw from the deal in violation of its contract. We sued the credit insurer and obtained a temporary restraining order, which prohibited the insurer from withdrawing from the transaction. The case then quickly settled, which allowed our client to make in excess of $10 million over the life of the arrangement.