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
This November, Californians may get the chance to vote on a ballot measure that would address some o...
Read More >
I have been asked by more than one frustrated California employer how to avoid or reduce employment ...
Read More >
The Tech M&A Leaders’ Survey is a joint effort by Morrison & Foerster and 451 Research to take the ...
Read More >
The Federal Trade Commission (“FTC”) has failed – at least for now – in its efforts to derail a ...
Read More >
The Government Accountability Office (GAO) recently issued to Congress its annual bid protest report...
Read More >
On January 28, 2020, the U.S. Federal Trade Commission (FTC), the agency charged with administering ...
Read More >