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Private equity firm resolves coverage dispute based on breaches of representations and warranties

July 2023

Client(s) Private equity firm

Jones Day represented a private equity firm in a coverage dispute against a global insurance company that issued a representations and warranties policy for the transaction at issue. Our client, the buyer of a portfolio company, sought coverage for several claims involving breaches of representations and warranties by the seller relating to the condition of assets, undisclosed litigation, compliance with laws, and inaccurate financial statements. Jones Day was able to settle the claim without litigation after an exchange of information, damages analysis, and mediation.

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