> abdicating your responsibility for a discovery phase during an acquisition is tantamount to fraud in the United States, Skipping due diligence is the buyer's

> abdicating your responsibility for a discovery phase during an acquisition is tantamount to fraud in the United States, Skipping due diligence is the buyer's option. It may be irresponsible if you're using other people's money (especially money from public capital markets), but there's nothing that obligates me to closely look at an asset that I'm buying with my money or even my money and my buddies' money that they pledged.