Tag Archives: termination-fee

Termination Fee May Not be Sole Remedy for Termination of Merger Agreement

A recent Delaware Court of Chancery opinion allowed a claim to proceed based on the theory that a termination fee for a merger agreement was not the sole remedy for breach of contract.  In Genuine Parts Co. v. Essendant, Inc., C.A. No. 2018-0730-JRS (Del. Ch. Sept. 9, 2019), the court discussed a very fact-specific, contract-based … Continue Reading

Chancery Court Dismisses Claim Against Blackstone Group Regarding Bank Merger

Alliance Data Systems Corp. v. Blackstone Capital Partners V  L.P. and Aladdin Solutions, Inc. , (Del. Ch., Jan. 15, 2009), read opinion here. We are fortunate to have another guest post by Delaware lawyer Kevin Brady  who provided the following summary of this important decision. This Chancery Court decision is another example of merger partners after the … Continue Reading
LexBlog