The Delaware Supreme Court has barred fraud claims alleged by an investment company seeking to acquire a rifle manufacturer because a provision in the nondisclosure agreement, or NDA, protected the seller from liability arising from inaccuracies between the data it provided the buyer during negotiations and information the buyer uncovered during due diligence.
In issuing the May 18 decision, a panel composed of Justices Randy J. Holland, Jack B. Jacobs and Henry duPont Ridgely affirmed a prior Superior Court ruling inRaa Management v. Savage Sports Holdings.
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