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

Overview of the ConsensusDocs® 900 Public-Private Partnership (P3) Agreement and General Conditions

Many of our readers are aware of the ConsensusDocs family of construction industry contract template...

Read More >

Bank liable for employee's fraud on basis of "principle of social justice"

The Court of Appeal in Group Seven Limited v. Notable Services LLP [2019] EWCA Civ 614 has agreed wi...

Read More >

A Detailed Review of 2019 Labor & Employment Legislation in California

The first year of Governor Gavin Newsom’s term produced many significant pieces of employment legis...

Read More >

PA Higher Education Institutions Subject to New Law on Sexual Violence Reporting

On July 8, Pennsylvania Gov. Tom Wolf held a ceremonial bill signing for two initiatives intended to...

Read More >

Government Contracts Regulatory and Legislative Update - December 2019

Our monthly edition of the “Government Contracts Regulatory and Legislative Update” offers a summa...

Read More >

The Coronavirus Outbreak’s Impact on International Employers

As the world responds to the accelerating 2019 Novel Coronavirus (2019-nCoV) outbreak originating in...

Read More >