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Baskets and Materiality: i/mx Information Management Solutions, Inc. v. MultiPlan, Inc. 12/18/2013

Posted by Morse Barnes-Brown Pendleton in Corporate, M&A.
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Corporate Attorney Mary Beth KerriganBy: 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.

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