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Delaware Chancery Court enjoins “Don’t Ask, Don’t Waive” standstill provision

12 December 2012

M&A Update

On November 27, 2012, in In re Complete Genomics, Inc. Shareholder Litigation, the Delaware Chancery Court (Laster, V.C.) enjoined the enforcement of a so-called “Don’t Ask, Don't Waive” standstill provision. These types of provisions are common in standstill agreements and prohibit the potential bidder who is a party to the agreement from, publicly or privately, requesting a waiver of the standstill.

Read: "Delaware Chancery Court enjoins “Don’t Ask, Don’t Waive” standstill provision"

The team

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