A particularly tantalizing piece in this puzzle is a term sheet from the twilight of 2020 and dawn of 2021. It potentially contains information regarding equity, governance, and compensation while Anthony still held the reins at Enhabit. The cherry on top? It might also reveal Ropes & Gray’s advice concerning Anthony’s non-compete clause.
Further Revelations and Legal Labyrinths
Documents surrounding the formation of ‘Sponsorco’, a corporation at the helm of various entities supporting VitalCaring, are deemed privileged. Yet, those spotlighting Anthony’s role lack the cloak of protection due to conflicting legal interests prior to August 2022.
Interestingly, Vice Chancellor Will has advised a re-review of documents to align with her directive, but stops short of a full-scale re-examination of all 8,000 of them. Instead, she nudges both parties towards collaboration to establish clear criteria for re-evaluation.
As the curtain falls on this chapter, representatives remain tight-lipped, refusing to comment. The legal eagles representing both sides, from firms like Richards Layton & Finger PA to Morris James LLP, prepare for the next act of this thrilling saga.
