Costly Drafting Errors, Part 3—United Rentals Versus Cerberus
A reference on Ideoblog to “sloppy drafting” lead me to take a closer look at the litigation between equipment-rental company United Rentals Inc. (“URI”) and the Cerberus Partners acquisition vehicles RAM Holdings, Inc. and RAM Acquisition Corp. URI sued the RAM entities for having bailed on a $4 billion deal to acquire URI. The RAM entities claimed that URI couldn’t force … Read More