Apollonia, LLC
Robbins LLP represented a class of unitholders who challenged the fairness of the April 2019 unit-for-unit acquisition of Apollonia, LLC by St. Renatus, LLC. Plaintiffs alleged the acquisition was designed to unlawfully divest Apollonia, LLC unitholders of the Company’s valuable assets for grossly inadequate consideration via a flawed sales process.
Robbins LLP litigated this matter on behalf of plaintiffs for five years before reaching a settlement. During that time, the plaintiffs engaged in extensive discovery that included reviewing tens of thousands of pages of documents from defendants and documents produced in response to subpoenas on twelve related third-parties; deposing party and third-party witnesses; responding to discovery propounded by defendants; and having plaintiffs sit for depositions. The parties engaged in multiple private mediation sessions and a settlement conference before plaintiffs achieved a settlement on the eve of trial of $11.6 million for the class of former Apollonia unit holders.
Walsh, et al. v. Buchholz, et al., Case No. 0:19-cv-01856-JWB-DTS (D. Minn. Mar. 12, 2025)
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