X
29Jul

Chancery Upholds Adequacy of Description of Buyer’s Indemnification Claims but Finds Indemnification Request for Pending Litigation Unripe Because Buyer Failed to Allege it Had “Incurred” Losses

Horton v. Organogenesis Inc.,C.A. No. 2018-0537-KSJM (Del. Ch. July 22, 2019). Sellers in merger agreements generally agree to indemnify buyers for certain “Losses” but require the buyers to provide timely notice of claims. Whether an...
By: Morris James LLP
Source Url: https://www.jdsupra.com/legalnews/chancery-upholds-adequacy-of-16107/

Related

Statutory illegality did not bar an illegal worker from pursuing her claims

If an employment contract is illegal for some reason both the employer and employee may be prevented...

Read More >

Blog: Whataday for Special Committees: Salladay v. Lev Clarifies Committee Formation Requirements in Non-MFW Scenarios

In late February as the COVID-19 pandemic was accelerating, the Delaware Chancery Court issued an im...

Read More >

Meanwhile In The NLRB, The McDonald’s Case Continues

Recently, we lauded the Department of Labor’s return to the control test of joint employment. Perha...

Read More >

SEC Improves Financial Disclosure Requirements for Acquisitions and Dispositions

On May 21, 2020, the Securities and Exchange Commission ("SEC") adopted amendments to its financial ...

Read More >

[Webinar] Key CEQA Compliance Considerations for Vehicle Miles Traveled Analyses - August 4th, 11:30 am - 12:30 pm PT

Please join us on August 4, 2020 from 11:30 a.m. to 12:30 p.m. PT for “Key CEQA Compliance Consider...

Read More >

Ahead of the pack: US M&A 2019: SaaS, cashless and convergence drive tech to the top

Technology continued to be among the most active subsectors for US M&A in 2019, with 1,138 deals ann...

Read More >