After analyzing trial verdicts rendered in 2015, The Legal Intelligencer, a leading legal publication covering Pennsylvania legal matters, identified Com-Net Critical Communications' former shareholders' triumph in the matter of Savor v. M/A-Com Tech Holdings as the largest verdict secured in Pennsylvania in 2015,outdistancing the second largest verdict by nearly $80 million. Tried over three months by Jones Day attorneys Kimberly Brown, Thomas Jones, Margaret Gleason, and Kevin Meacham, the matter recently topped The Legal Intelligencer’s “Top PA Verdicts of 2015” with a verdict of $125,751,232.88 plus costs for the representative of Com-Net Critical Communications' former shareholders against defendants Tyco Electronics Corporation, Inc., M/A-COM Tech Holdings, Inc., and M/A-Com, Inc.
The dispute arose out of a Stock Purchase Agreement ("SPA") and Guaranty in which defendants promised to make the final purchase payment following the completion of a separate contract with the State of Florida to build a statewide emergency radio system. Following the SPA closing, the defendants constructed the radio system but refused to pay the final $80 million dollars owed to the Com-Net former shareholders, claiming that the cost to complete the system justified a post-closing adjustment that exceeded the final payment. A breach of contract lawsuit was filed on behalf of the Com-Net former shareholders in the Court of Common Pleas of Allegheny County, Pennsylvania in 2006. The case transferred to Jones Day in 2012.
For more information, read The Legal Intelligencer news story.
