21Aug
Chancery Orders Trial to Determine Meaning of Ambiguous Post-Closing Covenants in a Stock Purchase Agreement
Schneider Nat’l Carriers, Inc. v. Kuntz, C.A. No. 2017-0711-PAF (Del. Ch. July 16, 2020) - If parties to a contract offer reasonable but conflicting interpretations of ambiguous contractual language, the Court of Chancery may deny summary judgment and order trial for purposes of weighing conflicting extrinsic evidence and witness testimony to interpret the meaning of the contractual language....
By:
Morris James LLP
Related
Market Trends: What You Need to Know - Over the past several years, an express right, or obligation...
Read More >
The National Labor Relations Board (NLRB) likes to act in December, partly because that’s often whe...
Read More >
Late Friday, Governor Lamont vetoed House Bill 5001, which I had highlighted in an earlier post as b...
Read More >
What is in store for companies that are on the cusp of financial distress and might be facing potent...
Read More >
In a market with soaring multiples, private equity buyers are increasingly on the hunt to mitigate h...
Read More >
One of the biggest changes in the 2020 FCPA Resource Guide is the addition of a new Hallmark, entitl...
Read More >