Chancery Trims Investopedia Sale Suit, Nixing Fraud Claim

Law360, New York (November 30, 2016, 8:27 PM EST) -- The Delaware Chancery Court on Wednesday dismissed a fraud claim in a dispute over the sale of financial website Investopedia in a $90 million acquisition deal, saying that most of the suit’s claims were valid but the fraud claim failed.

Chancellor Andre G. Bouchard wrote in a memorandum opinion that online advertising firm ValueClick Inc. did not fraudulently induce media company IAC Search LLC to overpay for its subsidiary Investopedia by providing false information about the website’s ad sales during the due diligence process ahead of...
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