Market Trends H2 2024: Fraud Carve-Outs in Private Target Deals

Summary

This practice note discusses market trends in the inclusion of fraud carve-outs in publicly filed transaction agreements for private target deals valued over $500 million and announced between July 1 and December 31, 2024. The discussion covers an overview of fraud carve-outs, addresses the interplay between fraud carve-outs and other provisions, and includes links to representative deals in Market Standards—M&A.