Bank bound by unsigned lehman deal despite dismissal

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Reference no: EM132260946

In the article, Bank Bound By Unsigned Lehman Deal Despite Dismissal, it states, “Shinhan and Lehman reached agreement with the help of a mediator in April 2016 — while motions to dismiss were pending. But Shinhan asked for some small changes to Lehman's standard settlement package and then dragged its heels for weeks on signing. Eventually, the judge ruled on the pending motions and dismissed Lehman's claims.” If a party “dragged its heels for weeks on signing”, was it still right for a judge to make the decision to hold Shinhan's “feet to the fire” by forcing them into the agreement even without a signature? Why or why not? Could this be challenged as unlawful? Why or why not?

Reference no: EM132260946

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