• Wall Street bankers are adding a so-called Weinstein clause to deals as part of MeToo scrutiny

    2 monthes ago - By Business Insider

    Wall Street dealmakers are putting in place new provisions to help protect clients from MeToo scandals, according to Bloomberg News.
    The so-called "Weinstein" clauses in some cases require a selling company to compensate a buyer if sexual misconduct scandals by executives come to light.
    Wall Street dealmakers are putting new provisions in place to help protect clients in light of the rise of MeToo movement.
    The so-called "Weinstein Clause" is gaining popularity among Wall Street bankers who advise on merger and acquisition deals, according to a report by Bloomberg News. The clause provides...
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  • Wall Street Addresses MeToo Concerns With ‘the Weinstein Clause'

    Wall Street Addresses MeToo Concerns With ‘the Weinstein Clause'

    2 monthes ago - By Fortune

    Wall Street buyers are paying more attention to the threats sexual misconduct scandals can pose to investments, Bloomberg reports. In what's known as “the Weinstein clause,” (referencing the disgraced Hollywood producer accused of a long history of sexual assault and harassment), advisers are adding language to mergers that require one to legally vouch for the positive behavior of a company's leadership. In some cases, merger agreements say buyers have the right to receive refunds if, after the deal, revelations of misbehavior damage business.
    “Social due diligence is becoming more and...
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