May 22, 2020 Introduction This deal is a reminder that a seller of a business needs to read the transactional documents (with the help of a competent lawyer) before signing. In this case it cost the seller $14.5 million. The…
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Owner Loses $14.5 Million Fraud Claim Against Majority Shareholder in Stock Deal
Posted in fraud in business sale, fraudulent inducement, shareholder release Tagged with: M&A stories, M&A tips, read before signing
Court Greenlights Business Asset Buyer’s Fraudulent Inducement Claim Re 2-Year Noncompete Term
Introduction Sometimes being a good guy in an M&A deal can come back to bite you. If the buyer’s allegations are true, then this feels like a no good deed goes unpunished story. The deal Here, both the buyer and…
Posted in covenant not to compete, fraudulent inducement, noncompetition covenant term Tagged with: fraud in the inducement
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- no kickback or bribe rep
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