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Private Company Acquisitions: Negotiating and Navigating the Fraud Exception

Key Considerations for Drafting a Fraud Exception to an M&A Contractual Indemnification Provision

A live 90-minute premium CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Wednesday, April 24, 2024 (in 11 days)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926

This CLE course will examine the game-changing role the fraud exception could play in private target M&A agreements, focusing on contouring limitations on indemnification and other remedies based on fraud claims.

Description

Could one party's optimism be another party's fraud? High profile busted deals remind us that, when fraud looms, all bets are off on those otherwise carefully crafted contractual provisions so typical in M&A deals.

In particular, for private equity and venture capital sellers, thoughtful limitations on liability could make the difference between a "good deal" and a "not-worth-it deal." For buyers, it could mean the difference between being a "visionary CEO"--or a "hapless CEO."

Our panel of seasoned M&A attorneys will illustrate the role of the fraud exception in private company acquisitions, highlighting negotiation and drafting strategies to help you deftly put the genie back into the 11th-hour bottle.

Listen as our panel discusses critical considerations when drafting a fraud exception to an indemnification provision, strategies that can be implemented for the seller or buyer when negotiating the fraud exception, and ways to juggle competing interests of multiple selling stockholders (e.g., lead vs. coattail investors).

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Outline

  1. What is a fraud exception, and who cares?
  2. Recent case law impacting fraud remedies in M&A
  3. Practical negotiation strategies

Benefits

The panel will review these and other highly relevant issues:

  • What strategies can limit (for the seller) or preserve (for the buyer) the fraud remedy's "Sword of Damocles"?
  • What critical considerations should counsel contemplate when drafting a fraud exception to an indemnification provision?

Faculty

Deibert, Edward
Edward A. Deibert

Partner
Arnold & Porter

Mr. Deibert has broad experience representing companies, private equity firms, venture capital funds, investment banks...  |  Read More

McLean, Sarah
Sarah McLean

Partner
Willkie Farr & Gallagher

Ms. McLean is a leading private equity lawyer with over 20 years of experience advising private equity funds and...  |  Read More

Stark, Lisa
Lisa R. Stark

Attorney
-

Ms. Stark has over 15 years of corporate experience in mergers and acquisitions, strategic investments, initial public...  |  Read More

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You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

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