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Wendy Suh on Muck Rack

Wendy Suh

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Articles

“Ordinary Course of Business” During Not-SoOrdinary Times

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By George Casey, Scott Petepiece, Alan Goudiss, Daniel Litowitz, K. Mallory Brennan, Lara Aryani, Derrick Lott, Grace Jamgochian, Roger Morscheiser, Wendy Suh
| Lexology Verified
Delaware Supreme Court upholds ruling that breach of the “ordinary course of business” covenant warrants terminating transaction On December 8, 2021, the Delaware Supreme Court upheld the Delaware Court of Chancery’s decision that Mirae Asset Financial Group (“Mirae”) was excused from closing a $5.8 billion acquisition of luxury hotels because the seller’s “drastic changes” to its operations in response to the COVID-19 pandemic—made without Mirae’s consent—constituted a breach of the ordinary...
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