United States: Delaware Court Of Chancery Issues Precedential Decision Addressing The Impact Of COVID-19 On M&A Transaction, Finding Violation Of Ordinary Course Covenant But No Material Adverse Effect - Akin Gump Strauss Hauer & Feld LLP

United States: Delaware Court Of Chancery Issues Precedential Decision Addressing The Impact Of COVID-19 On M&A Transaction, Finding Violation Of Ordinary Course Covenant But No Material Adverse Effect - Akin Gump Strauss Hauer & Feld LLP

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The court read the MAE clause narrowly to capture the COVID-19 pandemic within its exceptions.

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