Overview
Law360 quoted Michael Dockterman in a March 31, 2022 article titled "Chancery Orders $40.5M Appeal Bond In Yoga Studio Deal." As summarized in the piece, "Yoga studio chain CorePower Yoga LLC must post a $40.5 million bond in order to stay and appeal a Delaware Chancery Court order that it acquire 34 franchise studios from Level 4 Yoga LLC…" Vice Chancellor Joseph R. Slights III issued this letter ruling on March 1, 2022.
"The vice chancellor clearly understands that CorePower is continuing to skirt the acquisition to which the parties committed," says Dockterman. "This latest ruling makes clear that the cost and risk of further delay rests entirely with CorePower, not with Level 4."
Dockterman – alongside colleagues John J. Byron, Cara Lawson, Betsy Zyrkowski and Lia Metreveli, comprise the Steptoe team representing Level 4 Yoga.
The full article can be read at Law360 (subscription required).