X
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
Source Url: https://www.jdsupra.com/legalnews/the-latest-effort-to-use-fraud-to-60772/

Related

UPDATE: EEOC Deadline For Component 2 Of The EEO-1 Survey

As anticipated, on July 15, 2019, the Equal Employment Opportunity Commission (EEOC) opened its port...

Read More >

Employer Name Error Doesn’t End Plaintiff’s ADEA Action

An employee’s error with regard to the name of his employer when he filed a charge of discriminatio...

Read More >

Superior Court CCLD Addresses Pleading Standards for Trade Secret, Fraud and Implied Covenant Claims

Brightstar Corp. v. PCS Wireless, LLC, C.A. No. N18C-10-250 PRW CCLD (Del. Super. Ct. Aug. 7, 2019)....

Read More >

Coronavirus: Employer Requirements to Resume Operations in Select Major Cities in China

As employers in the People’s Republic of China have proceeded or attempted to resume operations sin...

Read More >

Employer’s Request To Count Employee’s Prescription Medication Sufficient To Support Invasion Of Privacy Claim

A federal court in Alabama held that an employer’s request to count an employee’s prescription med...

Read More >

NYC Commission on Human Rights Issues Guidance on Expanded Protections for Independent Contractors and Freelancers

The New York City Commission on Human Rights (the Commission) has published guidance regarding an am...

Read More >