Publication Date: 2024-04-29
Practice Area: Mergers and Acquisitions
Industry: Manufacturing
Court: Delaware Superior Court
Judge: Judge Adams
Attorneys: For plaintiff: R. Judson Scaggs, Jr., Grant E. Michl, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Kevin M. Downey, R. Kennon Poteat III, Anna K. Tsiotsias, Ilana B. Frier, Williams & Connolly, LLP, Washington, DC for plaintiffs.
for defendant: David E. Ross, S. Reiko Rogozen, Ross Aronstam & Moritz LLP, Wilmington, DE; Andrew W. Vail, Benjamin J. Bradford, Jenner & Block LLP, Chicago, IL; Michael L. Vild, Christopher P. Simon, Cross & Simon, LLC, Wilmington, DE for defendants.
Case Number: N23C-05-034 MAA CCLD
Court denied judgment on the pleadings for defendants in action to obtain contractual indemnification in business purchase agreement where plaintiffs' interpretation of the scope of the agreement's indemnification provision, including the amount of indemnification, was facially reasonable.