Accredited Home Lenders v. Lone Star Funds: A MAC Case Study
42 Pages Posted: 11 Feb 2008 Last revised: 18 Apr 2008
Date Written: February 11, 2008
This case study is based on the 2007 material adverse change dispute between Accredited Home Lenders and Lone Star Funds. It is designed to familiarize law and other students with the principles and case law governing material adverse change clauses as well as the structure and usage of these clauses.
Keywords: material adverse change, material adverse effect, MAC, MAE, merger agreements, tender offers
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