Lear Corporation and American Real Estate Partners

Shareholders of Lear sought a preliminary injunction to prevent the acquisition of Lear by AREP, an affiliate of Carl Icahn. Daniel R. Fischel, supported by David Gross and a Compass Lexecon team in Chicago, filed an expert report and provided economic analyses in support of Lear’s Board of Directors’ decision to go forward with the acquisition. The economic analyses focused on the valuation of Lear, the terms of the merger agreement, and potential conflicts of interest. The court favorably cited Fischel’s report in a lengthy opinion ruling for Lear. We were retained by and worked with Kevin Abrams and others at Abrams & Laster LLP.