$2 Billion Purchase Price Dispute Over GAAP Compliance Highlights Need for Careful Drafting
Cooley M&A
MARCH 9, 2017
The ruling draws attention to the specific drafting that may or may not give a party the ability to open the closing statement to GAAP review, which is generally disfavored due to the vast discrepancy in which companies apply GAAP to financial statements. accounts receivable or deferred revenue) on financial statements.
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