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
It's not what you know – dismissal for whistleblowing despite dismissing manager's belief - In Roy...
Read More >
Whistleblower Developments is a periodic report covering significant cases, decisions, proposals, an...
Read More >
The City of St. Petersburg, Florida is one of the latest municipalities to incorporate the concepts ...
Read More >
In view of the current coronavirus epidemic, what are the implications of material supply chain disr...
Read More >
On January 7, 2020, the U.S. Department of Labor (“DOL”) issued a new Opinion Letter on “nondiscr...
Read More >
Whether used for air travel, at sporting events, or during workouts at gyms, the popularity of headp...
Read More >