X
23Nov

Superior Court Dismisses Successor-by-Merger’s Claims Where Underlying Contract Contained Anti-Assignment Clause

MTA Royalty Corp. v. Compania Minera Pangea, S.A. DE C.V., C.A. No. N19C-11-228 AML CCLD (Del. Super. Sept. 16, 2020) - Plaintiff’s predecessor-in-interest conveyed mineral rights to Defendant. Under the agreement, Defendant owed a conditional additional $1 million at a future date. Before the payments became due, the predecessor was merged out of existence....
By: Morris James LLP
Source Url: https://www.jdsupra.com/legalnews/superior-court-dismisses-successor-by-83279/

Related

[Video] The Affiliated Monitors Expert Podcast Series -Assessing Compliance in M&A: Don Stern on Impact on the Parties

In this episode, I visit with Don Stern, Managing Director of Corporate Monitoring & Consulting Serv...

Read More >

Labor Board Proposes Modifications To Union Election Procedures

The National Labor Relations Board’s (NLRB) proposal to amend its union representation procedures r...

Read More >

[Video] Compliance into the Weeds: Episode 136, Scoping the Size of the Compliance Workforce

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance relat...

Read More >

Commercial Division Recognizes Successor Liability as Separate Cause of Action, Not Just a Theory of Liability

“Successor liability”, is it a theory or distinct claim or cause of action? In a recent decision, ...

Read More >

California Bill AB5 Will Rewrite the Rules for Independent Contractors

On September 10, 2019, the California Senate passed AB5, a sweeping bill to control the use of indep...

Read More >

Neutral Technology or a Deeper Entrenchment of Human Bias? The Hidden Dangers of Artificial Intelligence

Artificial intelligence is a set of code designed to perform specific tasks, including capabilities ...

Read More >