ContractsProf Blog

Editor: D. A. Jeremy Telman
Valparaiso Univ. Law School

Monday, March 24, 2008

Mistakes Happen: JP Morgan / Bear Stearns Contract

BurnbigAs the WSJ Law Blog recounts, today newspapers are reporting that the JP Morgan and Bear Stearns deal is being renegotiated and, in addition to shareholder disapproval, this may be due to contract "mistakes." "Mistakes" apparently include an inadvertently included sentence. What do you expect when a 40-page merger agreement is drafted by sleep-deprived lawyers (seemingly) over a weekend?

[Meredith R. Miller]

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