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
The DE OFCCP Week in Review (WIR) is a simple, fast and direct summary of relevant happenings in the...
Read More >
President Vladimir Putin signed a package of laws (informally referred to as the Investment Code) on...
Read More >
Gregory J. Nowak, a partner and practice leader for hedge funds in Pepper Hamilton’s Private Fund S...
Read More >
Labor Board Further Tightens Union Access To Employer Property - In yet another ruling that levels...
Read More >
An employer’s vacation policy did not violate the Colorado Wage Claim Act (CWCA), despite stating t...
Read More >
When Alexander Acosta resigned as Secretary of Labor, his deputy, Patrick Pizzella, took over as Act...
Read More >