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Martha Stewart Decision Draws Roadmap for Controller Sales to Third Parties

Cooley M&A

The complaint also alleged that the special committee did not have an effective mandate since at the start of negotiations, it was only authorized to hire legal and financial advisors. Jamie Leigh. The court easily dismissed these allegations. Barbara Borden. Meredith Beuchaw. Patrick Gibbs. Craig Menden. Steven Tonsfeldt.

Sale 52
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$2 Billion Purchase Price Dispute Over GAAP Compliance Highlights Need for Careful Drafting

Cooley M&A

It then found, over the seller’s objections, that the independent auditor tasked with resolving the dispute could review issues of GAAP compliance in connection with the parties’ preparation of the closing statements because the specific provisions in the contract gave the auditor broad authority to do so. Jamie Leigh. Craig Menden.