Gordian Group served as a witness for Cendant in litigation regarding its purchase of Budget out of bankruptcy. Cendant was sued by its independent franchisees.
CLIENT: Budget Group/Cendant
Cendant purchased substantially all of the assets (and assumed certain liabilities) related to operations in the United States, Canada, the Caribbean, Latin America, the Asia/Pacific Region, Australia and New Zealand of Budget pursuant to a bankruptcy court order in November 2002. Certain of its independent franchisees opposed to this purchase transaction initiated litigation against Cendant alleging damages.
Gordian Group was retained by counsel to defendants Cendant Corporation et al and served as a witness for Cendant in litigation regarding its purchase of Budget out of bankruptcy.
Gordian Group produced two expert reports and testified in deposition, leading to a favorable settlement for our clients.