[mbesto]

> JPMC tried to verify user data but Javice claimed they couldn't provide user personal information "due to privacy concerns".

DD guy here. This is the most plausible explanation.

When you're under LOI there is a lot of back and forth, which ultimately guide how the purchase agreement gets formulated. So if this was the case, then they would have made the trade off of "ok she's not letting us see the list, but we'll make sure the SPA is ironclad about this". Ultimately deals then get some money locked into escrow or RWI to soften the blow of the cost implication.

At the end of the day, let's say you're JPMC and the company that you acquired did exactly what Javice did. You have an SPA that binds you legally (meaning, if they caught lying post close, they'll get sued), how on earth would you think someone was dumb enough to try to get through diligence, then operate the company post close, and NOT expect to be found committing fraud.

[jononomo]

What is a DD guy? and what does LOI stand for?

[tzs]

In a comment you won't see unless you have "show dead" enabled, he says:

DD = due diligence

LOI = letter of intent

SPA = stock purchase agreement

RWI = reps & warranties insurance

That was in answer to someone earlier asking about those acronyms, but in a rude way that got their comment flagged to death, which also hides replies. I tried vouching for it to revive it so people could see the reply with that explained the acronyms, but it did not help.

[deltarholamda]

Due Diligence, and Letter Of Intent.

[styren]

They are both pretty household terms that you could've easily Google.

[Incipient]

DD was guessed within context. But the others were niche acronyms that were critical to a very insightful comment - definitely worth explaining.

[dd82]

for you, maybe. but not me.

DD - disk destructor, double-down (a tire sidewall specification) SPA - single page application, specific purchase agreement, etc

and the list goes on.