The Morgan Lewis M&A Academy, a 15-part series of tailored webinars led by a diverse team of firm lawyers, provides a comprehensive M&A overview and is ideal for learning about the latest M&A issues and developments. It is geared not only toward M&A professionals but also toward specialists with particular areas of focus (e.g., benefits, intellectual property, tax), whether they deal with M&A issues regularly or occasionally.
In this session, Eric Tajcher and Crystal Fang explain the purposes and nuances of common representations and warranties included in a typical acquisition agreement. The panel also discussed recent trends in the treatment of those representations, including with respect to bring-down standards, materiality scrapes, sandbagging, and which representations are typically treated as fundamental.