Baskets and Materiality: i/mx Information Management Solutions, Inc. v. MultiPlan, Inc.

By: Mary Beth Kerrigan

A Delaware opinion recently focused on how the use of “baskets” in indemnification provisions for M&A transactions can impact the definition of “materiality” in definitive agreements. In i/mx Information Management Solutions, Inc. v. MultiPlan, Inc., the Delaware Court of Chancery denied the defendant’s motion to dismiss the plaintiff’s declaratory judgment claims. To learn more about what this case means regarding the potential connection between baskets and the definition of “materiality” in definitive agreements, please see the full post here.

For more information on this topic, please contact Mary Beth.