X
25Nov

Delaware Chancery Court Rules That Merger Agreement Termination Fee Not Exclusive Remedy Where Seller Accepts Superior Offer in Violation of No-Shop

Foley Hoag LLP | | Return|
In a decision of great interest in the M&A world, the Delaware Chancery Court recently ruled that a termination fee is not the exclusive remedy for a seller that accepts a higher offer in breach of a no-shop provision. Genuine Parts Company v....
By: Foley Hoag LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-chancery-court-rules-that-78488/

Related

COVID-19's Impacts on Construction Projects

COVID-19 and the ensuing shutdown of much of the economy will affect construction projects dramatica...

Read More >

Contractual duties of good faith in "relational contracts"

In a long running group litigation between a number of Sub-Post Masters and Post Office Limited, Mr ...

Read More >

[Video] 31 Days to a More Effective Compliance Program - Board Governance and Risk Oversight

One of the ongoing questions from members of Board of Directors is how to resolve the tension betwee...

Read More >

What Plan Sponsors Need To Know About The SECURE Act

I once had a law school professor who joked that we change the bankruptcy laws to give business to b...

Read More >

Labor Department’s New 4-Factor Rule Attempts To Limit Joint Employment

The U.S. Department of Labor just finalized its rule that attempts to limit the scope of joint emplo...

Read More >

Eleventh Circuit Denies Plaintiffs’ Right to Challenge Alabama Law as Discriminatory

On December 13, 2019, a split Eleventh Circuit Court of Appeals (sitting en banc) ruled that several...

Read More >