Monthly Archives: June 2020

Business Asset Buyer May Face $100 Million Payroll Tax Successor Liability Claim

June 30, 2020 Introduction One M&A tax risk in an asset acquisition is seller’s unpaid payroll taxes. The deal The buyer in this case purchased the assets of a financially distressed business for approximately $7.3 million dollars payable at closing

Posted in asset purchase, payroll tax, successor liability Tagged with: ,

Buyer of Restaurant Assets Stuck with Seller’s Unpaid Sales Tax

June 25, 2020 Introduction One M&A tax risk in an asset acquisition is seller’s unpaid sales taxes. The deal The buyer in this case purchased the assets of a restaurant. The seller represented and warranted in the asset purchase agreement

Posted in asset purchase, New York, sales tax Tagged with: ,

Plausible Trademark Infringement Claim for Sub-licensee Remote Marketing Out of Region Prospects

June 12, 2020 Introduction Sometimes a seller of a business wants to sell just a regional market and kept the rest. In such a case, the seller may license trademarks to be used in regional market he is leaving.  However,

Posted in remote use of trademark out of territory, trademark infringement Tagged with: ,

Court Rejects Buyer TRO-Prelim Injunction Request Because No Arbitration Pending

June 8, 2020 Introduction Both a buyer and a seller of a business often prefer to resolve post-closing disputes through binding arbitration. They are often seen a faster and less costly dispute resolution procedure alternative to litigation in the courts.

Posted in arbitration, TRO/preliminary injunction before filing for arbitration Tagged with: ,

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