Photo: NESPIX via Shutterstock M&A Pandemic Litigation and the 'AB Stable' Decision
A series of lawsuits in 2020 related to COVID-19's effect on purchase or merger agreements have raised key questions about whether the pandemic caused a Material Adverse Effect (MAE) that excused buyers' obligation to close, and whether targets breached ordinary course covenants in their pandemic responses.
February 05, 2021 at 02:30 PM
8 minute read
A series of lawsuits in 2020 related to COVID-19's effect on purchase or merger agreements have raised key questions about whether the pandemic caused a Material Adverse Effect (MAE) that excused buyers' obligation to close, and whether targets breached ordinary course covenants in their pandemic responses.
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