Mergers & Acquisitions,
Corporate
Dec. 18, 2015
Fake shipments test acquisition agreement
A recent Delaware case provides practical guidance on the effects of a disclaimer of reliance provision in a stock purchase agreement on claims based on extra-contractual statements and omissions.
Marc Boiron
Associate
Rutan & Tucker LLP
Email: mboiron@rutan.com
Marc focuses his practice on transactional matters involving emerging and mid-market companies in the areas of California and Delaware corporate laws.
TRANSACTIONS WITH BOIRON
In Prairie Capital III, L.P. v. Double E Holding Corp., the Delaware Court of Chancery analyzed several clauses that commonly are included in acquisition agreements among private companies. The court gave practical guidance on the effects of a disclaimer of reliance provision in a stock purchase agreement on claims based on extra-contractual statements and omissions.
After months of seeking and negotiat...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In