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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

Delaware court holds that buyer of specialty chemical business can sue seller for misrepresenting the environmental liabilities of the business

Target’s business is making specialty chemicals. Its business was originally operated as an American subsidiary of a German based company. Ultimately, Target became the owner of the business. The owners of Target will be referred to as Shareholder. The owners

Posted in extra-contractual fraud, fraud in business sale, fraudulent omission

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