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Law360: Dealmakers See Range Of Renegotiations As Virus SpreadsMarch 12, 2020
O’Melveny partner and chair of the firm’s emerging technologies group David Makarechian was quoted in this Law360 article, which discusses the current dealmaking climate amid the global pandemic.
“Makarechian said at least one deal he’s currently working on has already seen a price renegotiation. He believes the change reflects shifting expectations about the company’s chances in the wake of the virus and its possible impact on markets,” Law360 reported. Makarechian told the publication, “I think [the renegotiation] is directly related to pessimism in terms of the company’s performance and what’s going to happen in its prospects.”
Law360 subscribers can read the full article here.