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Tagged: 'John Healy'

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Delaware Chancery Court Upholds Invocation of MAC Out

8 October 2018


The Delaware Chancery Court ruled last week that the would-be acquirer of a publicly traded company had validly invoked a "MAC out" to terminate the merger agreement that otherwise required it to buy the target. The decision, in Akorn v. Fresenius, marks...

Purchase Price Adjustment Dispute: Accountant, Arbitrator, or Expert?

12 July 2018


Delaware Chancery Court finds dispute resolution procedure in merger agreement required an "expert determination" and not an arbitration, and accordingly the court (not the reviewing accountant appointed to resolve the dispute) decided whether extrinsic...

US Tax Reform: Who comes out ahead?

21 December 2017


On December 20, 2017, Congress voted to enact the most sweeping US tax reform bill in decades. The Tax Cuts and Jobs Act will reduce business tax rates and revamp the US international tax system. While the President may not sign the Act until January 2018,...