In Paragon Metals Holdings v. Smith, (Del.; 7/26), the Delaware Supreme Court reversed a Superior Court decision precluding buyers from relying on seller’s reps & warranties in a common law fraud claim due to due diligence gaps that the lower court concluded amounted to their “willful blindness” to the inaccuracy of those reps. The case arose […]
Del. Supreme Court: Buyers Justifiably Relied on Fraudulent Reps Despite Diligence Gaps