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Business Buyer Brings Employee Raiding Suit Against Key Seller Employee

Introduction The value of a service business may be its employees. A major risk in an acquisition may be a mass exodus of key seller employees after the closing. The deal Here, the seller was an investment research firm. The

Posted in employment agreement, hiring seller's employees, key employees of target, nonsolicitation of employees and customers, stay bonus Tagged with: ,

Key employee can’t stop closing of sale of business to enforce orally promised share of sales proceeds

Company was a Pepperell, Massachusetts based online aftermarket parts and accessories retailer for Jeep branded vehicles. Owner owned Company. Employee started as a part time bookkeeper for the Company in 2010 and worked her way up to a key Company

Posted in key employees of target, stay bonus

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