Post-Closing Adjustments: Del. Chancery Interprets Working Capital True-Up Language
Post-Closing Adjustments: Del. Chancery Interprets Working Capital True-Up Language

In CURO Intermediate Hldgs. v. Sparrow Purchaser, LLC, (Del. Ch.; 6/24), the Chancery Court was recently called upon to interpret an asset purchase agreement’s working capital adjustment provision. Vice Chancellor Cook’s opinion addresses two contract interpretation issues that the purchaser claimed needed to be resolved by the Court before the parties’ disputes concerning the adjustment could […]

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