28Jul
Should I Stay Or Should I Go? The Proliferation Of Litigation Over Buyers’ Attempts To Unilaterally Terminate M&A Transactions In the Wake Of COVID-19
The changed economic landscape caused by COVID-19, with a shortage of debt financing and volatility in the stock market, has resulted in a dramatic downtick in M&A activity. Not only are buyers skittish about making acquisitions in the first instance, many buyers are now faced with the difficult decision of whether to terminate pending deals that have been signed, but have not yet closed, based on the “material adverse effect” (“MAE”) clause contained in their merger agreements......
By:
Moritt Hock & Hamroff LLP
Related
A new law that comes into effect in Russia on March 12, 2020, introduces antitrust compliance into R...
Read More >
California Governor Gavin Newsom has signed numerous pro-employee bills into law that will impact al...
Read More >
In our December 23, 2019 Legal Alert we reported that the NYS Department of Health’s (“DOH”) Requ...
Read More >
Abdul Latif Jameel Trans. Co. v. FedEx Corp., No. 19-5315 (6th Cir. Sept. 19, 2019). In the world o...
Read More >
In a decision of interest to private equity investors, the Delaware Court of Chancery (the “Court”...
Read More >
The IRS Office of Chief Counsel on Dec. 20, 2019, released a so-called Generic Legal Advice Memorand...
Read More >