Publication Date: 2020-01-01
Practice Area: Mergers and Acquisitions
Industry: Health Care | Manufacturing
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: Daniel A. Mason, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Wilmington, DE; William M. Lafferty, Thomas W. Briggs, Jr., and Richard Li, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Andrew G. Gordon, Jaren Janghorbani, Paul A. Paterson, and Andrew J. Markquart, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY for plaintiff.
for defendant: Karen L. Pascale, James M. Yoch, Jr., and Paul J. Loughman, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Matthew M. Wolf, Edward Han, Amy DeWitt, Tara Williamson, William Louden, and William Young, Jr., Arnold & Porter Kaye Scholer LLP, Washington, DC, for defendant.
Case Number: D68822
Acquiring company breached merger agreement by failing to use commercially reasonable efforts to close where inaccuracies in merger agreement representations did not constitute a materially adverse event for the target company.