The Delaware Court of Chancery, in The Anschutz Corp., et al. v. Brown Robin Capital, LLC, et al., C.A. No. 2019-0710-JRS, memo. op. (Del. Ch. June 11, 2020), declined to dismiss buyer’s claims challenging seller’s extra-contractual representations in connection with the sale of a business, finding that they were not barred by the purchase agreement anti-reliance clause.
NEW: Morris James discusses the decision in Chancery Applies Contract’s Choice of Law to Related Fraud Claims, Declines to Dismiss Fraud Claims Where Contract Lacked Clear Anti-Reliance Language.
Frank Reynolds discusses the decision in Chancery lets investment firm press claim it was duped into buying I.T. company.