I.G. Holdings, Inc., et al. v. Hallwood Realty LLC, et al

C&T represented the public limited partners in this an action challenging the defensive response of the General Partner of Hallwood Partners LP to a premium tender offer by an affiliate of Carl Icahn in 2003. C&T led the litigation on behalf of the public limited partners through expedited injunction proceedings and an expedited trial which led to the General Partner’s agreement to auction and sell the Partnership. The sale of the Partnership resulted in a per unit price of $136.70 to the limited partners, as compared to the trading range for the Units of $60 - $80 prior to the litigation. The litigation resulted in a substantial Increase in per share price paid to shareholders.

C.A. No. 20283-NC.