Delaware Chancery Court Upholds $550 Million Acquisition of Brattle Client DecoPac in MAE Dispute
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.
BP America Inc., Case Number IN13-15-000, in the Federal Energy Regulatory Commission
In a matter that has been in dispute for nearly a decade, the Federal Energy Regulatory Commission (FERC) in December 2020 upheld its two previous decisions that, in 2008, one of BP’s traders engaged in market manipulation in the natural gas market in Texas.