ALLIANCE DATA SYSTEMS CORP. v. BLACKSTONE CAPITAL

C.A. No. 3796-VCS.

963 A.2d 746 (2009)

ALLIANCE DATA SYSTEMS CORPORATION, Plaintiff, v. BLACKSTONE CAPITAL PARTNERS V L.P. and Aladdin Solutions, Inc. f/k/a Aladdin Holdco, Inc., Defendants.

Court of Chancery of Delaware.

Decided: January 15, 2009.


Attorney(s) appearing for the Case

Joel Friedlander, Esquire, Evan O. Williford, Esquire, Bouchard Margules & Friedlander, P.A., Wilmington, Delaware; R. Laurence Macon, Esquire, Mary L. O'Connor, Esquire, Lisa S. Gallerano, Esquire, Edwin T. Aradi, Esquire, Akin Gump Strauss Hauer & Feld LLP, Dallas, Texas; Stuart L. Shapiro, Esquire, Michael I. Allen, Esquire, Yoram J. Miller, Esquire, Shapiro Forman Allen & Sava LLP, New York, New York, Attorneys for Plaintiff.

A. Gilchrist Sparks III, Esquire, R. Judson Scaggs, Jr., Esquire, Leslie A. Polizoti, Esquire, Christine J. Dealy, Esquire, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Bruce D. Angiolillo, Esquire, Jonathan K. Youngwood, Esquire, Alan C. Turner, Esquire, Simpson Thacher & Bartlett LLP, New York, New York, Attorneys for Defendants.


OPINION

STRINE, Vice Chancellor.

I. Introduction

Alliance Data Systems Corporation ("ADS") has brought this action to recover cash it feels it is owed by defendant Blackstone Capital Partners V L.P. ("BCP V") after BCP V's failed acquisition of ADS (the "Merger"). On May 17, 2007—near the end of the most recent mergers and acquisition upsurge—ADS entered into an Agreement and Plan...

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