View, Inc.
Robbins LLP served as co-lead counsel for the class who brought claims arising from the business combination between special purpose acquisition company CF Finance Acquisition Corp. II and Legacy View, Inc., which CF II stockholders voted to approve on March 5, 2021. After reviewing corporate documents and records, plaintiffs filed a complaint against View asserting claims for breach of fiduciary duty resulting from defendants’ alleged impairment of CF II stockholders’ redemption rights in connection with the merger. View filed for bankruptcy relief under chapter 11 of the Bankruptcy Code on April 2, 2024, and sought to release defendants and plaintiffs from future claims. Notwithstanding, the parties to the bankruptcy action agreed that certain causes of action of this matter would be carved out of the Chapter 11 Plan. Through mediation, the parties agreed to settle for $12 million.
Siseles, et al. v. Lutnick, et al., C.A. No. 2023-1152-JTL (Del. Ch. Dec. 6, 2024)
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