Mark Hammes

Mark Hammes

October 31, 2018 | Delaware Business Court Insider

Chancery Makes 'Material Adverse Effect' Finding Allowing Buyer to Terminate Merger

In a landmark decision, a Delaware court has, for what is widely believed to be the first time ever, found that a material adverse effect actually occurred in an acquisition transaction, giving the buyer a right to terminate the pending transaction.

By Peter Flocos, Lisa Stark, Rick Giovannelli and Mark Hammes

6 minute read