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Seller’s $14.5 Million Fraud Claim Fails Against Majority Shareholder in Stock Deal

Read about a case where a $14.5 million fraud claim by siblings against a majority shareholder in a pharmaceutical company stock deal failed due to oversight in reviewing legal documents. Learn the importance of thorough legal document examination before finalizing

Posted in fraud in business sale, fraudulent inducement, shareholder release Tagged with: , , , , , , , , , , , , ,

Seller of target company’s release given in stock purchase agreement bars reimbursement claim of seller’s parent against target

Shareholder’s Parent is a leading North American provider of environmental services to commercial and governmental entities. Until November 1, 2015, Shareholder’s Parent indirectly owned all of the issued and outstanding stock of Target through its wholly-owned subsidiary, Shareholder. Shareholder provides

Posted in shareholder release, stock purchase agreement

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