LAIG v. Medanito S.A.

Order, Supreme Court, New York County (Jeffrey K. Oing, J.), entered November 10, 2014, which denied plaintiff’s motion for a preliminary injunction, unanimously affirmed, with costs.

In November 2013, plaintiff and defendant began negotiating the potential joint purchase of shares of an Argentine company (CHASA). The parties entered into a confidentiality agreement, which included a provision that defendant would refrain from acquiring CHASA shares without plaintiff for a period of one year, unless plaintiff decided not to continue with the acquistion. Subsequently, the parties jointly…