LaPoint v. Amerisourcebergen

Summary

AmerisourceBergen had agreed to acquire Bridge Medical Inc. for an initial payment of $27 million dollars, and further agreed to an "earn-out to be paid to former Bridge shareholders contingent upon certain EBITA [earnings before interest, tax and amortization] targets being met over a two year period. Plaintiff insist that defendant provided lukewarm support for their operations and did everything possible to avoid having to pay merger consideration contingent on the success of plaintiffs former firm. Defendant blames plaintiffs woes upon plaintiffs lack of long-term planning, inconsistency between plaintiffs strategies and actions, and an inability to cope with market changes. Plaintiffs now seek damages in response to defendants alleged breaches of contract.

Outcome

Chandler ordered ABC to pay plaintiffs $21 million arising from ABC's miscalculations of the earn-out.

Case Information

Attorneys

Witnesses

Plaintiff: LaPoint, William
Defense: Amerisourcebergen Corporation
Verdict: $21,000,000

Judge: William Chandler
Jurisdiction: Delaware Court Of Chancery
Court: Court of Chancery Courthouse

Case Number: 327-C
Industry: Health care
Practice Area: Mergers and Acquisitions, Employment Law

Plaintiff

LaPoint, William

Defense

Amerisourcebergen Corporation

Expert Witnesses

Lay Witnesses

Sessions

Attorney

Witness

Type

Description

PM Session

Plaintiff Witness(es)

8 Chapters

	Description	Attorney	Witness	Presence
00:00:18	Witness Cross Examination	Folt, Daniel	Grotting, Mr. John	In Person
00:52:15	Witness Cross Examination		Wannamaker, Mr. Chris	Video Recording
01:00:11	Witness Cross Examination	Folt, Daniel	Grotting, Mr. John	In Person
01:47:44	Break
02:05:47	Witness Cross Examination	Folt, Daniel	Grotting, Mr. John	In Person
02:44:21	Witness Re-Direct Examination	Leon, Eric	Grotting, Mr. John	In Person
02:55:15	Witness Re-Cross Examination	Folt, Daniel	Grotting, Mr. John	In Person
03:02:04	End of Session

AM Session

Plaintiff Witness(es)

3 Chapters

AM Session

Plaintiff Witness(es)

5 Chapters

	Description	Attorney	Witness	Presence
00:00:01	Witness Direct Examination	Leon, Eric	Grotting, Mr. John	In Person
00:52:50	Break
01:06:54	Witness Direct Examination	Leon, Eric	Grotting, Mr. John	In Person
01:14:55	Witness Cross Examination	Folt, Daniel	Grotting, Mr. John	In Person
02:07:49	End of Session

MAY

AM Session

Plaintiff Witness(es)

6 Chapters

	Description	Attorney	Witness	Presence
00:00:17	Witness Direct Examination	Leon, Eric	Lewis, Mr. Russell	In Person
01:44:12	Break
02:02:17	Witness Direct Examination	Leon, Eric	Lewis, Mr. Russell	In Person
02:26:07	Witness Cross Examination	Folt, Daniel	Lewis, Mr. Russell	In Person
02:35:52	Witness Cross Examination	Folt, Daniel	Lewis, Mr. Russell	In Person
03:28:20	End of Session

MAY

PM Session

Plaintiff Witness(es)

5 Chapters

	Description	Attorney	Witness	Presence
00:00:17	Witness Re-Direct Examination	Horne, Andrew	Gunther, Mr. Samuel	In Person
00:10:10	Witness Cross Examination	Neiderman, Matthew	Gunther, Mr. Samuel	In Person
01:15:39	Witness Re-Direct Examination	Horne, Andrew	Gunther, Mr. Samuel	In Person
01:16:30	General Case Activities	Folt, Daniel
01:28:27	End of Session

AM Session

Plaintiff Witness(es)

7 Chapters

	Description	Attorney	Witness	Presence
00:00:01	Witness Cross Examination	Folt, Daniel	Kinninger, Mr. Terance	In Person
00:15:30	Witness Direct Examination	Horne, Andrew	Kinninger, Mr. Terance	In Person
00:54:00	Witness Cross Examination	Folt, Daniel	Kinninger, Mr. Terance	In Person
01:56:14	Break
02:53:40	Witness Re-Direct Examination	Horne, Andrew	Kinninger, Mr. Terance	In Person
03:05:37	Witness Direct Examination	Horne, Andrew	Gunther, Mr. Samuel	In Person
03:43:42	End of Session

MAY

PM Session

Defense Witness(es)

7 Chapters

	Description	Attorney	Witness	Presence
00:00:19	Witness Cross Examination	Leon, Eric	Hilzinger, Mr. Kurt	In Person
00:40:01	General Case Activities	Folt, Daniel
00:40:43	Witness Direct Examination	Neiderman, Matthew	Strang, Mr. Douglas	In Person
01:30:07	Break
01:45:16	Witness Direct Examination	Neiderman, Matthew	Strang, Mr. Douglas	In Person
02:01:18			Strang, Mr. Douglas	In Person
02:06:18	End of Session

AM Session

Defense Witness(es)

5 Chapters

	Description	Attorney	Witness	Presence
00:00:18	Witness Direct Examination	Folt, Daniel	Hilzinger, Mr. Kurt	In Person
01:34:29	Break
01:55:15	Witness Direct Examination	Folt, Daniel	Hilzinger, Mr. Kurt	In Person
02:49:35	Witness Cross Examination	Leon, Eric	Hilzinger, Mr. Kurt	In Person
03:22:20	End of Session

MAY

AM Session

Defense Witness(es)

9 Chapters

	Description	Attorney	Witness	Presence
00:00:01	Witness Direct Examination	Lipkin, Gary	Pedersen, Dr. Craig	In Person
00:32:15	Witness Cross Examination	Horne, Andrew	Pedersen, Dr. Craig	In Person
01:10:25	Witness Re-Direct Examination	Lipkin, Gary	Pedersen, Dr. Craig	In Person
01:25:10	Break
01:38:15	Witness Direct Examination	Folt, Daniel	Yost, Mr. Robert	In Person
02:01:32	Witness Cross Examination	Abramczyk, Jon	Yost, Mr. Robert	In Person
02:32:58	Witness Re-Direct Examination	Folt, Daniel	Yost, Mr. Robert	In Person
02:45:59	General Case Activities
02:49:35	End of Session

MAY

PM Session

Plaintiff Witness(es)

5 Chapters

MAY

LaPoint v. Amerisourcebergen

Summary

Outcome

Sessions

Suggest a Trial

CVN Essentials

Video Library

	Description	Attorney	Witness	Presence
00:00:05	General Case Activities
00:01:23	Witness Direct Examination	Leon, Eric	Grotting, Mr. John	In Person
00:15:26	End of Session