Law360: Directors Escape XpresSpa Corporate Takeover Suit

In “Directors Escape XpresSpa Corporate Takeover Suit,” Law 360 writes about a decision by U.S. District Judge Louis L. Stanton dismissing a lawsuit brought by XpresSpa Holdings LLC co-founders Moreton Binn and his wife, Marisol Binn, against Form Holding Corp. directors Bruce Bernstein, Richard Abbe, Andrew Heyer, Salvatore Giardina, Donald Stout, John Engelman and Andrew Perlman. The suit alleged the directors of the public shell company duped the co-founders of an airport spa chain into an undesirable merger.

The suit is Binn et al. v. Bernstein et al., case number 1:17-cv-08594, in the U.S. District Court for the Southern District of New York.

Rosanne E. Felicello and Michael J. Maloney represented the Binns in this matter.

 

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