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
After deal activity stagnated in H1, the third quarter offers some hope for dealmakers, as deal volu...
Read More >
Public construction in Pennsylvania and elsewhere continues to present substantial challenges to loc...
Read More >
The New York Legislature on June 19, 2019 unanimously passed expansive new protections for protected...
Read More >
Public company directors, who are under constant threat of claims, received welcome news earlier thi...
Read More >
On March 4, 2020, the U.S. Treasury Department, as chair of the Committee on Foreign Investment in t...
Read More >
A non-compete agreement, which is often referred to as a “restrictive covenant,” attempts to precl...
Read More >