Amirsaleh v. Board of Trade of the City of New York, No. 2822-CC (Del. Ch., January 19, 2010), read opinion here. Read summaries on this blog of the several prior opinions of the Court of Chancery in this case here. In this latest opinion, the Court presumed the reader’s familiarity with the background
Chancery Imposes a “Reasonable Period of Time” to Trigger MAC Clause, When No Deadline Specified
By Francis Pileggi on
Posted in Chancery Court Updates
Henkel Corp v. Innovative Brands Holdings , LLC.,(Del. Ch., Aug. 26, 2008), read opinion here.
This Chancery Court case involved a Material Adverse Change (MAC) clause and a Material Adverse Effect (MAE) clause, and whether there was a deadline by which one party had to decide if such a clause was triggered. However, the court did not interpret the MAC or…