The Delaware Court of Chancery, in Great Hill Equity Partners IV, LP, et al. v. SIG Growth Equity Fund I, LLLP, et al., C.A. No. 7906-VCG, memo. op. (Del. Ch. Feb. 27, 2020), found the buyer of a business failed to prove damages arising out of its acquisition of a business, where the buyer relied on speculative calculations in an expert report prepared before the Court found seller was not liable under most of the claims buyer asserted.
NEW: Francis Pileggi discusses the decision in Failure to Allocate Estimated Damages to Each Claim Proves Costly.
$$$ Law360 discusses the decision in Chancery Rejects $122M Damages Bid Over Plimus Deal.