Despite the stresses and upheaval of the Covid-19 crisis, surprisingly few parties to U.S. mergers and acquisitions have filed suit against each other in connection with deals that have come undone or linger in pending status during the pandemic.
Few and Far Between
A few high-profile mergers—like LVMH‘s pending purchase of Tiffany & Co., and Sycamore Partners’ terminated purchase of Victoria’s Secret from L Brands Inc.—have spawned lawsuits between the parties that have received much attention. But an analysis of Bloomberg Law dockets indicates that only a very small number of M&A deals terminated since March ...