The first court hearing in the Genesco-Finish Line lawsuit was delayed over issues concerning UBS AG and whether or not the bank will agree to try the case in Nashville. UBS' agreement with Finish Line limited all legal proceedings to New York.
Genesco is seeking to force The Finish Line Inc. to complete its $1.5 billion buyout offer and UBS committeed to finance most of the deal.
According to the AP, Finish Line's lawyers were granted a two-day delay so they could continue discussions with UBS about whether the bank will agree to waive that provision of its commitment letter.
