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Materiality Scrapes and Sandbagging (2023)

This program teaches lawyers about various aspects of two advanced M&A concepts found in acquisition agreements – materiality scrapes and sandbagging. It covers drafting and negotiating tips, buyer and seller perspectives, and market trend information from the ABA M&A Committee’s 2022-23 Private Target Deal Points Study.

CLE Available

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Start Track
  1. still frame from What are Materiality Scrapes? 10 min

    Materiality Scrapes

    An introduction to damages scrapes, breach scrapes, and double materiality scrapes. Features interviews with ABA M&A Committee members Rita-Anne O’Neill from Sullivan & Cromwell LLP and Craig Menden from Willkie Farr & Gallagher LLP.

  2. still frame from Buyer & Seller Perspectives 13 min

    Materiality Scrapes: Buyer & Seller Perspectives

    A discussion of the perspectives and negotiating positions of buyers and sellers regarding materiality scrapes in acquisition agreements. Features ABA M&A Committee members Rita-Anne O’Neill from Sullivan & Cromwell LLP and Craig Menden from Willkie Farr & Gallagher LLP.

  3. still frame from Materiality Scrapes: Drafting 3 min

    Materiality Scrapes: Drafting

    A look at typical materiality scrape provisions, featuring drafting tips and perspectives from ABA M&A Committee members Rita-Anne O’Neill from Sullivan & Cromwell LLP and Craig Menden from Willkie Farr & Gallagher LLP.

  4. still frame from Materiality Scrapes: Market Trends 6 min

    Materiality Scrapes: Market Trends

    ABA M&A Committee members Rita-Anne O’Neill from Sullivan & Cromwell LLP and Craig Menden from Willkie Farr & Gallagher LLP discuss market trends for materiality scrapes, drawing on data from the ABA M&A Committee's 2022-23 Private Target M&A Deal Points Study.

  5. still frame from What is Sandbagging 10 min

    Sandbagging

    An explanation of sandbagging in private M&A deals, including a discussion on pro and anti-sandbagging provisions and how different courts and jurisdictions handle the issue. Features interviews with ABA M&A Committee members Nate Cartmell from Pillsbury LLP and Lisa Hedrick from Hirschler Fleischer PC.

  6. still frame from Definition of Knowledge 9 min

    Sandbagging: Sample Provisions

    A look at typical sandbagging provisions, including pro-sandbagging and anti-sandbagging provisions. Also includes drafting tips and perspectives from ABA M&A Committee members Nate Cartmell from Pillsbury LLP and Lisa Hedrick from Hirschler Fleischer PC.

  7. still frame from Buyer and Seller Perspectives 7 min

    Sandbagging: Buyer and Seller Perspectives

    A discussion on buyer and seller perspectives regarding the issue of sandbagging. Features ABA M&A Committee members Nate Cartmell from Pillsbury LLP and Lisa Hedrick from Hirschler Fleischer PC.

  8. still frame from Sandbagging: Market Trends 7 min

    Sandbagging: Market Trends

    ABA M&A Committee members Lisa Hedrick from Hirschler Fleischer PC and Nate Cartmell from Pillsbury LLP discuss market trends for sandbagging provisions, drawing on data from the ABA’s Private Target M&A Deal Points Study. Lisa and Nate talk about why so many deals are silent on sandbagging, the risk of being silent, and where they think the trend is heading.