Chicago Bridge & Iron Co. N.V. v. Westinghouse Electric Co. LLC, DEFAX Case No. D67791 (Del. June 27, 2017), Strine, J. (49 pages).
Purchaser's challenge of seller's historical financials as not GAAP-compliant was not within scope of limited dispute resolution process in the parties' agreement, since process was merely limited to calculating difference in networking capital from signing to close, and where expanding scope of process would undermine contractual provision barring liability for representations and warranties regarding financials.
|July 12, 2017
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