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Arbitration. Validity of Clause. Third Circuit reverses and remands district court's decision to compel arbitration, holding that asset purchase agreement called for expert determination rather than arbitration. - Vimarsana News

Arbitration. Validity of Clause. Third Circuit reverses and remands district court's decision to compel arbitration, holding that asset purchase agreement called for expert determination rather than arbitration.

In 2015, Kevin Sapp and Jamie Hopper sold two companies to Industrial Action Services LLC ("IAS"). The sale was governed by an asset purchase agreemen…

Expert or Arbitrator? Resolving Purchase Price Adjustment Disputes | Sheppard Mullin Richter & Hampton LLP - Vimarsana News

Expert or Arbitrator? Resolving Purchase Price Adjustment Disputes | Sheppard Mullin Richter & Hampton LLP

Acquisition agreements in M&A transactions frequently include provision for payment to be made at closing based on estimates of certain financial metrics that are later subject to a...