Chancery Provides "Teachable Moment" for M & A Lawyers: Find Problems of Bidder in Due Diligence or Put Specific Reps in APA; Otherwise No Fraud Claim

Airborne Health, Inc. v. Squid Soap, L.P., C.A. No. 4410-VCL (Del. Ch. July 20, 2010), read opinion here . Prior Delaware Court of Chancery decisions in this case were highlighted here. Overview This case involves a claim against the purchaser of a company and its major law firm for fraud...