Private M&A Indemnification Clarified In Chancery Ruling
Law360 (August 15, 2019, 4:01 PM EDT) -- An opinion published July 31 in the Delaware Chancery Court provides instructive guidance for buyers, sellers and deal-makers in private mergers and acquisitions transactions regarding indemnification claim procedure, the importance of precise drafting, and the criticality of sound post-closing process management. This article will briefly summarize the key facts of the recent dispute and highlight noteworthy aspects of Vice Chancellor Morgan Zurn’s analysis in Hill v. LW Buyer before offering some practical advice based on the opinion.
Matthew Hill founded a web-hosting business consisting of Liquid Web Inc. and two other affiliated entities. Hill and his father, the sellers, owned...
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