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Signing closing documents before closing acquisition results in costly litigation

In 2016, the parties negotiated a stock purchase agreement by which Seller would sell Target, a car dealership, to Buyers and another colleague in two phases. First, Buyers and their colleague were to purchase 21% of Target for $500,000 cash.

Posted in breach of contract, closing, damages, specific performance, stock purchase agreement

Court holds that company can sue foreign investor for breach of stock purchase agreement for failure to fund investment

The company was an online and livestream video platform creator with its principal place of business in California. In 2015, the company’s chief executive officer and chairman met with the vice president of a Chinese investment firm in California to

Posted in closing, force majeure, stock purchase agreement

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