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
Many of our readers are aware of the ConsensusDocs family of construction industry contract template...
Read More >
The Court of Appeal in Group Seven Limited v. Notable Services LLP [2019] EWCA Civ 614 has agreed wi...
Read More >
The first year of Governor Gavin Newsom’s term produced many significant pieces of employment legis...
Read More >
On July 8, Pennsylvania Gov. Tom Wolf held a ceremonial bill signing for two initiatives intended to...
Read More >
Our monthly edition of the “Government Contracts Regulatory and Legislative Update” offers a summa...
Read More >
As the world responds to the accelerating 2019 Novel Coronavirus (2019-nCoV) outbreak originating in...
Read More >