September 15, 2020

In November 2019, Tiffany & Co. and LVMH entered into a $16 billion merger that now hangs by a thread. Tiffany has filed a lawsuit alleging that the French luxury goods conglomerate is actively stalling on the deal in response to the coronavirus pandemic and claims the court must compel LVMH to perform its obligations under the merger agreement, despite the circumstances.

Steve Blonder, principal in the firm’s Litigation & Dispute Resolution group and Greg Grove, co-chair of the firm’s Startups & Venture Capital group, discuss the merger and explain the material adverse effect clause at the center of the legal battle in Law360.

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