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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
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- Chancery Finds Plaintiff Failed To State A Non-Exculpated Claim Against Special Committee Defendants In Complaint Challenging A Merger
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Court Of Chancery Explains Exculpation Clause
Posted In Breach of Contract
Anvil Holding Corporation v. Iron Acquisition Corporation, C.A. 7975-VCP (May 17, 2013)
Many acquisition agreements contain provisions that are intended to limit the buyer's remedies. This decision explains what language to use to cut off claims based on extra-contractual representations. The contract must specifically say that there is no reliance on anything outside the terms of the contract.
Tags: Breach of Contract
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