SwervePay Sellers Awarded $120M In Merger Fraud Suit
law360
2 weeks ago
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The Delaware Chancery Court on Friday awarded more than $120 million to sellers of former e-payment facilitator SwervePay who claimed buyers duped them into a merger by overstating payment volumes by the tens of billions, saying the buyers' intent to induce the sellers into the fraudulent transaction was "plain as day."
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