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CHARLOTTE, N.C. – Kevin Lee, Professor of Law at Campbell University, was one of several legal experts cited in recent articles published by the Charlotte Observer related to the contentious merger between Wachovia, Wells Fargo and/or Citigroup.
One Sept. 29 Wachovia agreed to a $1.9 billion buyout by Citigroup, but changed course on Oct. 3 when Wells Fargo made a $15 billion offer to acquire the troubled bank. The fight intensified on Oct. 4 when Wachovia asked a U.S. federal court judge to declare its merger with San Francisco-based Wells Fargo valid despite an earlier agreement with Citigroup
In comments made to the to the Charlotte Observer for an Oct. 5 story, Prof. Lee said he didn't expect Citi's complaint to be successful in the long run, because the Wachovia-Wells deal doesn't show sufficient irreparable harm. He said there should be a way to compensate Citi monetarily, though.
In addition to Prof. Lee, faculty from the law schools at the University of Richmond and the University of North Carolina-Chapel Hill were also quoted.
Prof. Lee joined the Campbell Law School faculty in 2007. He is a widely published legal scholar and teaches contracts, business associations, professional responsibility, jurisprudence, and comparative law of China international business transactions.
About Campbell Law School: Since its founding in 1976, the Norman Adrian Wiggins School of Law at Campbell University has developed lawyers who possess moral conviction, social compassion and professional competence, and who view the law as a calling to serve others and create a more just society. The School has been recognized by the American Bar Association (ABA) as having the nation’s top Professionalism Program and by the American Academy of Trial Lawyers for having the nation’s best Trial Advocacy Program. In 2008, the Law School’s Moot Court Program was ranked in the top ten nationally by the University of Houston’s Blakely Advocacy Institute among 196 ABA accredited law schools. Campbell Law boasts more than 3,000 alumni, including 2,000 who reside and work in North Carolina. For the past 20 years, Campbell Law’s record of success on the North Carolina bar exam is unsurpassed by any other North Carolina law school.
Media Contact: Ashley Arnold, 910.893.1812, arnold@law.campbell.edu
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