16Dec
Blog: Delaware Puts the Conduct of Business Covenant on Center Stage in COVID-Related M&A Dispute
In the months following the onset of the COVID-19 pandemic, a slew of parties filed lawsuits in US courts relating to M&A transactions that were signed prior to March 2020 and that buyers were seeking to terminate as a result of the pandemic. In these lawsuits, buyers commonly alleged one (or both) of the following as justification for their failure to close: (i) that the target suffered an MAE as a result of COVID-19’s impact on its business; or (ii) that target materially breached the conduct...
By:
Cooley LLP
Source Url: https://www.jdsupra.com/legalnews/blog-delaware-puts-the-conduct-of-35822/
Related
In January 2017, the Department of Homeland Security (DHS) proposed to change the EB-5 Visa regulati...
Read More >
In a few weeks, the Connecticut Supreme Court will begin it’s next session. As I looked at the cal...
Read More >
There’s an old saying, probably at some point attributed to Abraham Lincoln or Einstein, that a bri...
Read More >
For years, state governments have claimed they were losing hundreds of millions of dollars in unpaid...
Read More >
On July 3, 2019, the National Labor Relations Board (NLRB) issued its decision on Johnson Controls, ...
Read More >
On February 13, 2020, we reported on recent guidance from the Center for Disease Control and Prevent...
Read More >