Perspective
Oct. 18, 2014
Why don't strong firms just cherry pick?
The obvious question that first occurs when a strong firm engages in a discussion with a weak firm about a merger is, "why a merger and not a cherry pick?" By Edwin B. Reeser
The obvious question that first occurs when a strong firm engages in a discussion with a weak firm about a merger is, "why a merger and not a cherry pick?"
The preferred choice usually is to cherry pick. The issue of successor liability to substantial and undiscovered claims, and the expense, time, and complexities with extensive due diligence are significantly reduced or avoided. It is also not unreasonable to have ser...
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