Wininger v. Synthetic Industries

In this matter involving a public limited partnership the Mills Law Firm and associated Delaware co-counsel, blocked two separate liquidation plans initiated by the General Partner. Then, after three and a half years of litigation, plaintiff counsel were successful in compelling the General Partner to sell the partnership's corporate assets as a going concern in the exact manner demanded by plaintiffs, which assured that the "control premium" would be realized for the class members. This settlement liquidation process, in which the Mills Law Firm participated in an oversight capacity, netted the class members over $120 million more money in 2000, roughly three times what they would have received under the General Partner's earlier Plan.