14Oct
The Latest Effort to Use Fraud to Overcome a No-Indemnity Deal—The Target’s Preparation of the Preliminary Closing Statement
The mere allegation of fraud has the potential of wreaking havoc with the carefully negotiated limits on liability specifically set forth in private company acquisition agreements. This is particularly true for the private equity seller distributing the proceeds of a portfolio company sale to its limited partners in reliance upon those limits on post-closing liability. And the use of robust and properly placed anti-reliance clauses to limit the universe of purported representations as to which...
By:
Weil, Gotshal & Manges LLP
Related
While life sciences M&A activity soared to a new high in 2019, the uncertainty surrounding the pande...
Read More >
Buyers in M&A transactions should consider a number of due diligence items in response to COVID-19 a...
Read More >
Seyfarth Synopsis: Cal/OSHA’s new emergency regulation for workers exposed to wildfire smoke create...
Read More >
The I-9, Employment Eligibility Verification Form, that employers have been using since July 2017 is...
Read More >
As reported in our November 7, 2018 SW Benefits Blog Zombie Benefits – Are Health Reimbursement Arr...
Read More >
The Tennessee Secretary of the Air Pollution Control Board (“Board”) issued an October 24th propos...
Read More >