Cases & Deals

Private equity firm prevails in arbitration over post-closing adjustment of working capital

Clients Private equity firm

Jones Day successfully represented a private equity firm in an accounting arbitration involving a dispute over the purchase price for a company acquired by Jones Day's client in a mergers and acquisitions deal. After the seller objected to the post-closing adjustment of working capital, the dispute was submitted to arbitration, which focused on GAAP and contract interpretation issues.