In one of the few contested mergers to be adjudicated by trial over a material adverse effect (MAE) claim related to COVID, the Delaware Chancery Court ruled that Kohlberg & Company’s $550 million acquisition of DecoPac must be completed. The post-trial opinion “resolved all issues in favor of” Brattle’s clients, DecoPac and Snow Phipps.
Brattle supported three testifying experts in the litigation, including Principal & Chairman Yvette Austin Smith, Professor Steven J. Davis of The University of Chicago Booth School of Business, and Gregory Bedrosian, Managing Partner and CEO of Drake Star Partners. Brattle Principal Timothy McAnally served as a consulting expert and managed the project teams.
To learn more, read our full Case Highlight.