We are pleased to present you with Taft’s M&A Litigation newsletter, a collection of insights from our team to yours.

For more information, please visit Taft’s M&A Litigation practice.

Is there a subject you’d like to see in the next newsletter? Contact the editor here.
Q1 2022 Recap
 
M&A disputes kept the courts busy during the first quarter of 2022. Freeze-outs, director and officer fiduciary duties, special purpose acquisition companies, franchisee-franchisor disputes, sandbagging, advancement, and anti-bootstrapping were just some of the topics addressed by the courts. Taft’s M&A Litigation team is actively monitoring the dockets and collaborating closely with M&A, Finance, and Private Equity colleagues to keep clients abreast of the latest developments.
Featured Articles
 
Delaware Re-affirms Its Status as a "Sandbagging" State

“Sandbagging” in the M&A context occurs when a buyer closes a deal knowing that the seller’s representations and warranties are inaccurate and then seeks damages for the seller’s breach.

>> Read More
 
AT&T Breaches Duty of Loyalty in Freeze-Out of Minority Partners and Hit With Millions in Damages

The Delaware Court of Chancery ruled that AT&T breached its duty of loyalty by engaging in an unfair and self-interested transaction as part of a minority-partner freeze-out.

>> Read More
 
SPACs Take Center Stage in Delaware

In the first few weeks of 2022, the Delaware Chancery Court delivered its first three opinions on Special Purpose Acquisition Companies (SPACs).

>> Read More
 
Yoga Company Twisted in Knots After Refusing to Comply With Purchase Agreement in COVID's Wake

The Delaware Court of Chancery ruined CorePower Yoga’s (CorePower) Zen, finding it breached an agreement with Level 4 Yoga (Level 4) to acquire 34 yoga studios just before the COVID-19 pandemic struck in early 2020.

>> Read More
 
Clarifying Delaware's “Muddled” Anti-Bootstrapping Rule

The Delaware Chancery Court clarified the “muddled” state of Delaware law on the anti-bootstrapping rule.

>> Read More
Additional Reading
 
Taft's M&A Litigation Team: 
 
Taft’s M&A Litigation Newsletter is used to inform our clients and friends of significant new legal developments and current issues. For more information about Taft Stettinius & Hollister LLP, please visit http://www.taftlaw.com.

These materials have been prepared by Taft Stettinius & Hollister LLP for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. No person or organization should act upon this information without first seeking professional counsel.

We cannot and do not represent you until our client intake process is completed. Further, we reserve the right to accept or decline representing any person or organization in any matter. Accordingly, please do not send us any confidential information about any matter until you receive a written statement from us advising you that we represent you (an “engagement letter”). When you receive an engagement letter from one of our attorneys, you will be our client, and we may exchange confidential information freely. Again, do not send us unsolicited confidential information until you speak with one of our attorneys and get authorization to send that information to us.

Some aspects of this Web site may allow you to register for newsletters, events, functions, or seminars hosted by, sponsored by, or associated with Taft Stettinius & Hollister LLP. The transmission or receipt of any information related to registration for any event or service does not create an attorney-client relationship.

Taft Stettinius & Hollister LLP's Web site and associated materials may provide links to other websites that may be useful or informative. These links to third party sites or information are not intended, and should not be interpreted by readers, as constituting or implying our endorsement, sponsorship or recommendation of the third party information, products or services found there.

The following statement is required by many states, including Kentucky: "THIS IS AN ADVERTISEMENT."