Explore a real-life M&A dispute where a seller’s fraud lawsuit against a buyer over an earnout disagreement led to a court ruling. Gain insights into the legal intricacies of this case and the implications for M&A agreements. November 6, 2019…
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Court Approves Seller’s Fraud Lawsuit in Earnout Dispute
Posted in anti-reliance clause, earn outs, integration clause Tagged with: anti-reliance provision, earnout dispute, fraud lawsuit, Gruner v. Huron Consulting Group, Illinois common law, Illinois Securities Law, Inc., integration clause, Keywords: M&A lawsuit, legal analytics company, stock purchase agreement
Court said it may be reasonable for business buyer to rely on seller oral representation about competition
Target, based out of the Kansas City area, provides movie theater digital marketing/advertising and movie theater concessions. Sellers were the owners of Target. Buyer is a Texas capital investment limited liability company. In early 2015, Sellers circulated a solicitation seeking…
Sellers of company receiving stock of buyer could not sue buyer’s owners for federal securities fraud omissions committed during negotiation
This dispute stems from a written purchase agreement between Sellers and Buyer. Under this agreement, Sellers sold their interest in their technology consulting company, Target, to Buyer. In the summer of 2012, Sellers began marketing their company for sale. Shortly…
Risk of earn-outs in sale of RV business
Buyer, with headquarters in Wichita, Kansas, is in the business of providing services and products to companies in the recreational vehicle (`RV”) industry. Target is based in the greater Dallas-Fort Worth area and specializes in manufacturing and selling window shades…
Court holds that buyer of business can’t sue the seller for fraudulent misrepresentations made in the target’s data room
The buyer is a leading creator of the graphics used in live television broadcasts and in other media, with offices around the world. The target creates graphics and other media for high schools, colleges, and professional sports teams in their…
Posted in anti-reliance clause, fraud in business sale
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