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  • DOAR Assists Wachtell Lipton Rosen & Katz and Vulcan Materials in Obtaining Injunctive Relief in Delaware Chancery Court

    DOAR congratulates William Savitt and the entire trial team at Wachtell Lipton Rosen & Katz on their excellent work and well-deserved win on behalf of their client, Vulcan Materials. DOAR supported the victory in another closely watched M&A-related trial in the Delaware Court of Chancery. The case, in which certain confidential materials intended for use during an initial friendly exchange were then misused when Marietta pursued a hostile takeover, was one that had not been seen before in Delaware or anywhere else in the United States.  Martin Marietta and Vulcan, the two largest U.S. suppliers of construction-materials, have been locked in a bitter takeover battle since December. Both Vulcan and Martin Marietta are large players in the construction aggregates market, and when merger discussions broke down, Martin Marietta promptly pursued a hostile takeover of Vulcan basing their bid on the confidential information disclosed during due diligence. This was a very fast moving and challenging Delaware case, going from the initial filing to closing arguments in three months, culminating in a one week long trial, overseen by Delaware Chancery Court Chancellor Leo Strine Jr.,  in early March. DOAR’s work included consulting at trial, graphics consulting and design for openings and summation and technology for the war room and courtroom.

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