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'Material' Effect Looms Large In Realogy-SIRVA Merger Suit

By Jeff Montgomery ( May 1, 2020, 3:49 PM EDT) -- Realogy Holdings Corp.'s Delaware Chancery Court suit to enforce a $400 million sale of its Cartus affiliate to SIRVA Inc. emerged as the latest in a growing number of battles over alleged use of "material adverse effect" trapdoors to escape deals caught in the shadow of COVID-19....

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