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Buyer’s fraud claim failed because buyer did not allege facts that seller intentionally or recklessly omitted material facts from a stock purchase agreement disclosure schedule

Target, a 100% subsidiary of Seller, owned and operated an open—pit gold mining operation in Colorado. At some point prior to November 2014, Seller’s general counsel and another senior executive knew that a third party allegedly acquired the mineral interests

Posted in fraud in business sale, fraudulent intent, fraudulent omission

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