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Corporate & Securities Law

: Business Law Prof Blog

Cerberus Reads Its Covenants

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Cerberus has just read the covenants in its stock purchase agreement with Daimler Benz for 80 percent of the stock of Chrysler and has decided that Daimler "intentionally and materially" violated the value of its lease and loan portfolio. This...

Full post as published by Business Law Prof Blog on November 27, 2008 (boomark / email).

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