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Seller Remorse Over PE Rollover Equity: A Lesson in Rollover Equity Disclaimers
PE firm Clayton Dubilier & Rice, LLC (CDR) and its portfolio company Artera structured a $700MM utility construction company purchase for a combination of cash and rollover equity. When the value of that rollover equity was far less than what was represented, the sellers sued, alleging misrepresentation and fraud…
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LG Electronics Attempt to Wipe Out an Advertising Startup’s Liquidity and Board Rights: A Lesson for Structuring Control Sales
LG Electronics (LGE) took a control position in Alphonso, an advertising tech startup. Later and unsatisfied with the contractual relationship between the two companies, LGE allegedly attempted to take de facto control, remove the minority board members, and shift control and profits back to LGE…
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TikTok Rival Triller’s Failed Merger with AGBA: A Lesson in Post-Merger Damages Calculations
A merged corporation agreed to register its shares for resale and raise $500MM to capitalize the corporation and provide liquidity to investors. The merged corporation failed to do either of these things…






