Credit: Shutterstock.com Trinity Health Retains $15M 'Breakup Fee' Following Failed Sale of Two NJ Hospitals
The two sides disputed whether the five issues identified by Cooper satisfied the definition of "due diligence issues" under the LOI, and they disputed the timeline of events that took place when negotiations broke down, according to Bumb.
November 02, 2022 at 04:11 PM
3 minute read
Contractual Disputes
Trinity Health recently prevailed before a unanimous federal jury, retaining a $15 million "breakup fee" for the Cooper Health System's withdrawal from a 2017 agreement to purchase two New Jersey hospitals.
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