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Email A recent Delaware Chancery Court opinion highlights the risk to sellers and their advisors that pre-closing communications could become evidence in a post-closing lawsuit related to the transaction. The opinion, Great Hill Equity Partners IV, LP v. SIG Growth Equity Fund I, LLLP, provides a number of important lessons on merger agreement drafting and post-closing conduct, particularly in transactions involving private targets. https://www.cadwalader.com/resources/clients-friends-memos/chancery-court-takes-firm-stance-on-sellers-pre-closing-privileged-communications