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Unsuccessful Business Sale Leads to $600K Broker Lawsuit

Explore a case where a failed business sale led to a broker lawsuit seeking a $600,000 commission. Learn about the legal complexities surrounding broker agreements and the importance of clear terms to avoid disputes. M&A Stories February 23, 2021 Introduction:

Posted in investment banker/business broker, willing buyer or procuring cause Tagged with: , , , , , , , , ,

Investment Banker’s Fee Approved in Chapter 11 Asset Sale Despite Challenges

Explore a recent case where an investment banker successfully secured their fee in a Chapter 11 asset sale, despite opposition from the trustee and creditors. Learn about the background, prepetition efforts, Chapter 11 petition, auction outcome, and the court’s decision

Posted in approval of investment banking fee, bankruptcy sale, distressed business acquisitions, investment banker/business broker Tagged with: , , , , , , , , , , , , , , , , , , ,

Investment banker loses out on fee of target debt guaranteed by buyer of target stock

Investment Banker, based in Toronto, Canada, provides, among other things, investment banking advisory services relating to corporate transactions. Target is a New York-based company that provides asset-based lines of credit to small and medium-sized businesses on the eastern seaboard of

Posted in fee based upon buyer debt assumption, investment banker/business broker, success fee

Court awards investment bank $1.7 million advisory fee for a sale of a business where it was not the procuring cause

The investment banking firm in this case, identifies, evaluates, and develops M&A opportunities for its clients. One of its clients was the seller, a wholesale and retail seafood company. In January of 2016, the seller retained the investment banking firm

Posted in investment banker/business broker

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