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Buyer to Indemnify Business Seller for 3rd Party Asbestos Claim Punitive Damages

Introduction Liability for asbestos claims is a common risk with manufacturing companies. Sophisticated buyers and sellers of manufacturing businesses are aware of the risk and usually manage it through an allocation between the buyer and the seller in the acquisition

Posted in asbestos claims, indemnification, punitive damages Tagged with: , ,

Buyer breach of required insurance provision in acquisition documents result in punitive damages

Today I want to talk about a lesson to learn from Danny, whose company (“Buyer”) purchased an RV business from Doug’s company (“Seller”). It was a simple deal. In March of 2013, Buyer purchased RV business assets from Seller.  Buyer

Posted in insurance requirements, punitive damages

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