With a trial date quickly approaching in the United States District Court, Judge Selna recently granted JBB’s Motion for Summary Judgment in an action brought by a Dallas-based investment bank seeking the recovery of a $4 Million “success fee” on a transaction which closed after the tail period of the engagement agreement had expired. JBB’s client, CHC Consulting LLC, terminated the services of the bank and sold its business more than 2 years after the termination. After significant discovery conducted both in Texas and in California, JBB satisfied the District Court’s standard that all material facts weighed in favor of CHC and granted the motion which resolved all of the claims brought against it.
