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
A year after Akorn v. Fresenius (Akorn case), the first Delaware case holding that a party was entit...
Read More >
One - Latest data from the Investment Association has shown investors plunged nearly four times th...
Read More >
UK merger control policy and practice has evolved significantly in recent years. The Competition a...
Read More >
Chalk up in the win column for businesses. On August 29th, 2019, the National Labor Relations Board ...
Read More >
In re Appraisal of Panera Bread Co., C.A. No. 2017-0593-MTZ (Del. Ch. Jan. 31, 2020). JAB Holdings ...
Read More >
As life under lockdown begins to feel like the 'new norm', we have created two snapshots of the key ...
Read More >