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Court holds that owner of a buyer of a business can be sued by the seller for buyer’s breach of an asset purchase agreement

In this case the buyer’s owner was in the car dealership business.  In June of 2015, he was looking at buying an Audi dealership from seller. That same month the buyer’s owner formed the buyer, a limited liability company, for

Posted in piercing veil of acquisition subsidiary

Court permitted a seller of a business to sue the parent company of a thinly capitalized buyer of the business

Today I want to talk about buying a business with a newly formed acquisition subsidiary. In this case, an operating company we will call Parent wanted to buy the business assets of Seller. To do so Parent formed a newly

Posted in piercing veil of acquisition subsidiary

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