X
26Oct

The Delaware Court Of Chancery Finds That Fraud May Serve As An Alternate Source Of Recovery For Aggrieved Purchasers

Swift Acquisition Corp. v. Krauss, et al., Case No. 2019-0509-PAF (Del. Ch. Aug. 25, 2020)—The Delaware Court of Chancery may permit a purchaser to pursue claims for breach of contract and fraud against a seller and its directors arising out of the purchaser’s acquisition of the seller. The court reached this conclusion in Swift Acquisition Corp. based on the purchaser’s allegations that the seller made misrepresentations in the asset purchase agreement concerning its customer base, and the...
By: McCarter & English, LLP
Source Url: https://www.jdsupra.com/legalnews/the-delaware-court-of-chancery-finds-35593/

Related

Unpacking California Solar Taxation: What to Know During Development

Development of solar projects in California has been spurred by California’s renewable portfolio st...

Read More >

Want to Protect Your Trade Secrets? Update Your Employment Agreements!

Since 2016, the Defend Trade Secrets Act (DTSA) has provided employers with a federal cause of actio...

Read More >

Very Important Time-Sensitive New Requirements for EEO-1 Component 2 Filings

Under new EEO-1 reporting requirements, private employers with 100 or more employees are required to...

Read More >

DOL Clarifies Employers’ Retirement Plan Obligations Under USERRA

On August 9, 2019, the Department of Labor (“DOL”) issued USERRA Fact Sheet 1, providing guidance ...

Read More >

Battle Over USPS | Removal Of Trustees For Alleged Self-Dealing | Lenders vs. State Interest Rate Laws

Antitrust- Energy Company Agrees to Divest Gas Stations to Avoid FTC’s Antitrust Concerns- The Fe...

Read More >

Cal/OSHA Issues Coronavirus Guidance for Employers

The California Division of Occupational Safety and Health (Cal/OSHA) has released Interim Guidance f...

Read More >