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
As sophisticated employers know, an employer must track and comply with developments not only in fed...
Read More >
The Setting Every Community Up for Retirement Enhancement Act (the SECURE Act) was signed into U.S. ...
Read More >
HR people, you know what I'm talking about. Sharks, vampires, tornadoes, heights, and evil clowns a...
Read More >
The Architecture Billings Index (ABI) is a composite index derived from monthly report surveys from ...
Read More >
Recent notable industry transactions. The Alan Turing Institute, the Royal Statistical Society and ...
Read More >
On December 16, 2019, the National Labor Relations Board issued a trio of rulings that reversed deci...
Read More >