Favorable Settlement for Internet Company

The Firm defended two Internet companies established by one of the founders of MySpace.com. The case related to defendants’ purchase of a popular Internet browser. Plaintiff, the seller, alleged breach of multiple contracts related to the transaction. Defendants counterclaimed against the plaintiff company and plaintiff’s principal. Following an unsuccessful mediation, the parties engaged in discovery. The Firm obtained a favorable settlement days before the deposition of plaintiff’s principal, also a cross-defendant. The settlement included terms plaintiff had explicitly rejected at mediation and was more favorable to our clients than any offer previously made by plaintiff.