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
The first year of Governor Gavin Newsom’s term produced many significant pieces of employment legis...
Read More >
In Neurvana Med., LLC v. Balt USA, LLC, No. 2019-0034-KSJM, 2019 Del. Ch. LEXIS 995 (Ch. Sep. 18, 20...
Read More >
Being a 401(k) plan sponsor is an incredible responsibility and the problem is that you may not even...
Read More >
On September 24, 2019, the United States Department of Labor (“DOL”) released the long-awaited rev...
Read More >
The long-promised new Form I-9 is now available for use and downloading from the USCIS website. Alth...
Read More >
In today’s edition of Daily Compliance News: • Beny Steinmetz indicted in Switzerland over Guinea ...
Read More >