Polsinelli’s Mergers & Acquisitions Litigation practice represents buyers, sellers, officers, directors, and other parties involved in or impacted by M&A transactions and securities offerings. These matters involve and impact a broad cross-section of public and privately-held business organizations, including Fortune 500 companies, private equity firms, venture-backed companies, and family-owned businesses. Our lawyers practice law with a laser focus on the business objectives of our clients. Our business litigators frequently engage the firm’s corporate governance, tax, intellectual property, professional liability, and employment law practitioners to ensure that a multi-disciplinary perspective informs the litigation services we provide.

Our clients include:

  • Buyers and sellers in M&A transactions
  • Private equity firms
  • Directors, officers, managers, managing members, and general partners
  • Boards, standing board committees, special committees, and their respective advisors
  • Shareholders, members, partners, and other significant stakeholders
  • Successors

Our experienced business litigators prosecute and defend M&A disputes arising from deals of all sizes, ranging from $1 million to over $1 billion. We regularly litigate these matters in courts and arbitration tribunals across the country. Our attorneys tailor strategies in each matter to meet the client’s specific business objectives as effectively and efficiently as possible. In some cases, this means litigating the dispute to a final decision through a trial or arbitration hearing. In others, we execute litigation strategies designed to increase our client’s leverage to reach a negotiated resolution. In addition to pursuing and defending deal-related claims where necessary, our litigators provide advice and counsel to help our clients manage the dispute internally, including notifying and updating their LPs, shareholders, and other investors.

Our M&A litigation experience includes:

  • Shareholder derivative actions
  • Breach of representations and warranties
  • Breach of fiduciary duties
  • Fraud
  • Indemnification and contribution
  • Valuation and valuation methodologies
  • Audits and accounting
  • Earn-out and hold-back provisions
  • Statutory appraisals
  • Books and records inspection rights
  • Successor liability, veil-piercing, and fraudulent transfers
  • Securities and investor fraud
  • Post-Closing non-compete and non-solicitation provisions
  • Internal investigations
  • Asset acquisition in bankruptcy or receivership

Our team employs early case assessment, budgeting, and other tools and processes to formulate and execute litigation strategies that align with our clients’ business objectives.

We also consult with boards and board committees and assist with process enhancements, such as recusal, special committees, and disclosures. Our business litigators, many of whom also practice in our Government Investigations practice, have considerable experience advising on regulatory matters and are well-equipped to handle investigations by the SEC, DOJ, and other governmental agencies.

In addition to handling litigation and disputes when they arise, our M&A litigation team works closely with our firm’s transactional attorneys to provide advice and counsel in the negotiation of M&A transactions and deal terms. By anticipating areas of concern, our team assists clients in avoiding or mitigating litigation through forward-looking negotiations and the inclusion of appropriate protections within the deal documents. This experience of consulting on different transactions and reviewing a variety of deal terms gives our litigators a broader perspective, which is an advantage when disputes are unavailable.

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Publications
It’s That Time of Year: Announcement of the New Hart-Scott-Rodino Antitrust Filing Thresholds
The Hart-Scott-Rodino Act (“HSR”) requires that transactions over a certain value be reported at least 30 days prior to closing to the Federal Trade Commission (“FTC”) and U.S. Department of Justice Antitrust Division (“DOJ,” collectively, the “Agencies”). The FTC adjusts the HSR reporting thresholds annually based on the change in gross national product. The new threshold to keep in mind for transactions is $119.5 million (which is up from $111.4 million in 2023). There are additional considerations when acquiring or selling voting securities, non-corporate interests in a business (such as interests in an LLC or partnership), or assets valued over $119.5 million. When determining whether an HSR filing is necessary, the following questions must be considered: What is the value of the
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The Polsinelli Pulse: Mitigating Litigation Risk at the Deal Table and Beyond – Vol. 4
Polsinelli is pleased to share the fourth edition of the "Polsinelli Pulse" M&A Litigation Newsletter. This publication comprises articles and insights regarding various approaches to mitigate transaction-related risk both at the deal table and beyond. Authored by Polsinelli’s experienced M&A Litigation attorneys in coordination with other practitioners, including those in our corporate and transactional practice, these articles present ways in which Polsinelli can partner with you to help evaluate and mitigate litigation risk, and to manage litigation effectively, if it is filed. In this issue: The Risks and Rewards of Earnout Provisions in M&A Deals Understanding Subrogation in Representations and Warranties Insurance Policies The Impact of the Court of Chancery’s Recent Clarification on Arbitration v. Expert Determination Shareholder Spotlight – Q&A with Michael Malone
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