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Expert Analysis

Spotlight On Fraud Liability Of Target Co. Directors

Law360, New York (January 7, 2015, 10:14 AM EST) -- In a recent opinion, Great Hill Equity Partners IV LP v. SIG Growth Equity Fund I LLLP, the Delaware Court of Chancery declined to dismiss claims of fraud and aiding and abetting against four directors related to alleged misrepresentations made by target company officers in connection with a merger.[1] The court's opinion provided guidance as to factual allegations sufficient to plead claims that directors and shareholders may have had knowledge of and/or aided an alleged fraud....

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