Brazen v. Bell Atlantic Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• upholding reasonableness of a $550 million liquidated damages provision in merger agreement where sum represented only 2% of one corporation's market capitalization
• applying the liquidated damages rubric to uphold the at-issue termination fee provision and noting “that liquidated damages, by definition, are damages paid in the event of a breach of contract”
• determining whether termination fee cast as a liquidated damages provision represented an unjustified penalty
• determining whether termination fee cast as a liquidated damages provision represented an unjustified penalty
• determining whether termination fee cast as a liquidated damages provision represented an unjustified penalty
• where $550 million termination fee was an integral part of the transaction, the fact that a no vote might have reduced the company’s value by 2% was not coercive

Source: CourtListener parenthetical corpus (CC0).