X
08Oct

Chancery Finds Prospective Purchaser May Pursue Breach Claims Against Target Despite Termination Fee Payment

Genuine Parts Company v. Essendant Inc., C.A. No. 2018-0730-JRS (Del. Ch. Sept. 9, 2019). Termination fee provisions are commonplace buy-side protection in M&A transactions intended to recoup a failed prospective purchaser’s otherwise sunk costs....
By: Morris James LLP
Source Url: https://www.jdsupra.com/legalnews/chancery-finds-prospective-purchaser-13613/

Related

Thousands Of Government Contractors Slated To Be Evaluated As Feds Release FY2020 Audit Scheduling List

In keeping with the promise to make the agency more transparent, the Office of Federal Contract Comp...

Read More >

Implementing FIRRMA: CFIUS’ Real Estate Final Regulations

On January 13, 2020, the U.S. Treasury Department, as chair of the Committee on Foreign Investment i...

Read More >

Is Your Arbitration Agreement in an Employee Handbook? The Eighth Circuit Issues a Reminder: Arbitration Agreements Must be Contracts

A properly implemented employment arbitration program can provide a variety of benefits to employers...

Read More >

Whistleblowing Pays Off—New CRA Data on First Payments to Informants

The Canada Revenue Agency's (CRA) Offshore Tax Informant Program (OTIP) is a whistleblower program t...

Read More >

US Department of Labor Proposes New “Notice and Access” Electronic Delivery Safe Harbor

The U.S. Department of Labor (DOL) issued proposed regulations on October 23, 2019, providing for a ...

Read More >

The new DIFC Employment Law – key provisions

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United ...

Read More >