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
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