Joel Greenberg Quoted on the Outlook of Break-Up Fees

Joel I. Greenberg, Co-Chair of the Corporate & Finance Department, was quoted in a November 29 Reuters article about the increased attention on "reverse break-up fees" and "specific performance" agreements due to the recent unraveling of several leveraged buyout deals. Credit market turmoil, economic concerns, and leveraged buyouts' dependence on debt financing increase the focus on buyer termination fees in merger agreements.