Comair Holdings Inc.
In re Comair Holdings Inc., Shareholders Litig., No. 99 CI 1213 (Boone County, Kentucky). The Brualdi Law Firm, P.C. was one of plaintiffs’ lead counsel in a class action suit which challenged the actions of the directors of Comair Holdings in selling the company to its largest shareholder, Delta Air Lines, Inc., while discouraging other bidders through the imposition of a $50 million break up fee. A settlement was reached whereby defendants agreed, inter alia, to rescind that break-up fee in its entirety – a settlement which drew substantial praise from the Court for The Bruald Law Firm, P.C.’s efforts.