We compelled a party to share spacecraft development funds with our client in accordance with the terms of the parties’ MOU.
Our client and another party jointly sought a Congressional earmark for spacecraft development funds, and the parties executed a memorandum of understanding (MOU) setting forth a 50/50 split of those funds. After the earmark passed and the funds were released, however, the other party failed to live up to its obligations under the MOU; it essentially kept the entire amount for itself. We filed suit on behalf of our client in the U.S. District Court for the Eastern District of Virginia. The defendant counterclaimed, with both parties alleging breach of contract and multiple tortious interference claims.
The litigation strategy involved an aggressive schedule to achieve a settlement prior to incurring expensive discovery costs. Before engaging in any depositions and without any travel to the East Coast, we engaged in informal settlement discussions with the opposing side that ultimately resulted in our client obtaining a favorable settlement.
