Fraud Carve-Outs

26 Min View By: Hotshot

An introduction to fraud carve-outs and the issues parties consider when defining fraud, such as who’s liable, whose knowledge matters, what types of fraud claims can be brought, and what statements can form the basis for a fraud claim. Features interviews with ABA M&A Committee members Glenn West from Weil, Gotshal & Manges LLP and Tali Sealman from White & Case LLP.


Explaining Fraud Carve-Outs


Leaving Fraud Undefined


Defining Fraud


No-Reliance Clauses and Fraud Carve-Outs


Judicially Created Fraud Carve-Outs and State Law

Featured Contributors

Tali Sealman
Silicon Valley, CA

Tali Sealman

Dallas, TX

Glenn D. West

Glenn represented private equity firms in acquiring and making investments in public and private companies for most of his career. Glenn is also a thought leader in private equity and M&A legal issues.…

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