A Cautionary Tale For Transactional Lawyers

Law360, New York (March 27, 2013, 11:32 AM EDT) -- The recent case of St. Joseph Hospital, Augusta, Georgia, Inc. v. Health Management Associates Inc., Case No. 11-13069 (decided Jan. 24, 2013), is a warning for transactional lawyers to be careful how they describe a transaction in preclosing filings with government agencies.

St. Joseph Hospital (now known as Trinity Hospital of Augusta) sued HMA for breach of contract and under the doctrine of promissory estoppel when HMA reneged on its "promise" to purchase the assets of the hospital. The hospital was seeking $38 million in damages,...
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