37Celsius Capital Partners, L.P. v. Intel Corporation

Plaintiff and defendant reached an agreement for the plaintiff to purchase one of defendant’s subsidiary companies. The plaintiff did not provide the agreed-upon purchase price by the closing date contained in the agreement and the defendant sold the subsidiary to another company. Plaintiff then filed a lawsuit seeking damages for the unsuccessful transaction. The Seventh Circuit affirmed the district court’s judgment in favor of the defendant, explaining that plaintiff’s breach of contract claim failed as a matter of law because plaintiff did not provide any proof of expectation or reliance damages. (LEE and MALDONADO, concurring)