Selendy Gay Secures $1 Billion Trial Victory Against Johnson & Johnson
Selendy Gay and Delaware co-counsel Ross Aronstam & Moritz secured a very significant trial victory on behalf of the former stockholders of Auris Health, Inc (represented by Fortis Advisors) in their long-running earnout dispute with Johnson & Johnson. Following a January trial, Vice Chancellor Lori W. Will of the Delaware Court of Chancery issued a decision awarding more than $1 billion in damages for J&J’s breach of contract, breach of implied covenant, and fraud. The 145-page decision constitutes the most important precedent and largest award in Delaware history in an earnout case.