09Sep
Chancery Denies Sellers’ Request for Dismissal, Finding That Fraud Claims Were Timely Filed and Properly Pled
Agspring Holdco, LLC v. NGP X US Holdings, L.P., C.A. No. 2019-0567-AGB (Del. Ch. July 30, 2020) - This opinion concerns a buyer’s attempt to plead fraud in connection the acquisition of a business. The Court denied in the main the defendants’ motion to dismiss the fraud claims brought in connection with private equity firm American Infrastructure Partners’ (the “Buyer”) $300 million acquisition of Agspring LLC (the “Company”), which was then almost entirely owned by NGP X US Holdings, LLP...
By:
Morris James LLP
Related
On August 5, 2020, the Governor of Georgia signed Senate Bill 315 to legislatively overrule a Septem...
Read More >
New York Governor Andrew Cuomo recently signed legislation amending state law to explicitly prohibit...
Read More >
There are many ways to run afoul of labor laws and spook your investors—one of the most common for ...
Read More >
The impending "expiration" of the Office of Management and Budget's (OMB) clearance on the most rece...
Read More >
Corporate M&A activity burned white hot last year, reaching record highs of $1.74 trillion in value ...
Read More >
In today’s edition of Daily Compliance News: • FBI warned BOA not to purchase Constellation. (FT)...
Read More >