The Delaware Court of Chancery, in GreenStar IH Rep, LLC, et al. v. Tutor Perini Corp., C.A. No. 12885-VCS, memo. op. (Del. Ch. Dec. 4, 2019), found an escrow release agreement unambiguous when read with an incorporated exhibit illustrating its operation and when “situated in the commercial context between the parties.”
Frank Reynolds discusses the decision in Chancery says Tutor Perini owes subsidiary’s former owners $8 million under holdback pact.