Monthly Archives: January 2020

Jilted Business Seller Awarded $5.7 Million Reliance Judgment

January 24, 2020 Introduction “The promise given was a necessity of the past: the word broken is a necessity of the present.” Niccolo Machiavelli The deal This deal never saw a definitive acquisition agreement. The failed courtship ended up in

Posted in promissory estoppel Tagged with: , , ,

Court Says Asset Business Buyer Can Sue the seller’s owner for Fraud

January 20, 2020 Introduction “Things gained through unjust fraud are never secure.” Sophocles The deal The seller’s owner operated a business that helped clients obtain wholesale automobile dealership licenses for auto dealerships in Missouri through seller a limited liability company.

Posted in fraud in business sale Tagged with: , ,

Ambiguous APA Forum Selection Clause Did Not Waive Right to Remove to Federal Court

January 10, 2020 Introduction Acquisition documents often have a forum selection clause. And like any provision ambiguity can invite a dispute if litigation breaks out after the closing. The deal The seller was a manufacturing company located in Butler County,

Posted in forum selection clause, waiver of removal to federal court Tagged with: , , , ,

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