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This wasn't a failure of due diligence — there was no diligence.
We outsourced development and we did no diligence to see if people or employers wanted our product.
As already intimated, we need not hold that a barge is necessarily unseaworthy because she leaks in a gale; the heaving and straining of the seams will often probe weak spots which no diligence can discover.
Similar(57)
"The hostile is the ultimate no-diligence deal," said Robert Spatt, a partner at Simpson Thacher & Bartlett, a New York law firm.
The team didn't know the answers to these questions, revealing that the church had carried out little or no due diligence with their orphanage partner.
The total investment amounted to just over $1bn but the fund performed little or no due diligence and did not have the trades reviewed by expert counsel, it is alleged.
In reality the interested parties to Reserve's insurance transactions did not participate in structuring or executing those transactions; little or no due diligence was performed with respect to the direct written policies or the reinsurance agreements; and for all of the tax years in issue only one claim was filed under Reserve's policies, and that claim was handled in an irregular manner.
firm did absolutely no due diligence and now has no idea who was behind the posted material.
"Under the previous administration, there was no real due diligence, no real turnaround strategy," Mr. Maehara said.
Reassured by somnolent credit-rating agencies, which backed the bankers' vision of handsome returns at virtually no risk, investors piled in with no due diligence to speak of.
Why was there no due diligence?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com