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Court of Chancery Analyzes “Commercially Reasonable Efforts” in Earnout Dispute

By Fox Rothschild LLP on January 8, 2019
Posted in Earnout Litigation

In the recent decision of Himawan v. Cephalon, Inc., C.A. No. 2018-0075-SG (Del. Ch. Dec. 28, 2018), the Delaware Court of Chancery ruled on a motion to dismiss filed in an earnout dispute.  The Plaintiffs are representatives of former stockholders of an entity that was acquired by Cephalon, Inc. through a merger agreement that…

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