The certificate of deposit was deposited by the seller with the state of Tennessee to secure its self-insured worker’s compensation program. M&A Stories August 23, 2022 Introduction When acquiring a business’s assets, it’s crucial to accurately document the items being…
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SELLER LIABLE FOR ILLEGAL BILLING PRACTICES IN WASTE CONTROL BUSINESS SALE
The waste control business seller had represented and warranted that it lawfully operated its business. The court held that the seller’s unlawful billing practices damaged the buyer because the revenue derived from those could not be replicated post-closing. M&A Stories…
BUSINESS BUYER’S CLAIMS-MADE POLLUTION LIABILITY POLICY EXCLUDES HEALTH CLAIMS FROM NEARBY RESIDENTS
A medical device company acquired a facility that had used ethylene oxide gas to sterilize medical devices and instruments. The buyer purchased a pollution liability policy for claims made after the acquisition of the facility. The court held no coverage…
COURT RULES SELLER BREACHED PURCHASE AGREEMENT BY NOT PROVIDING WRITTEN RECIPES TO BUYER
The court concluded that seller’s owner’s discussion of recipe and menu items with the buyer’s chef did not fulfill the seller’s obligation to “transfer and deliver” all of its “recipes for meals and snacks” to the buyer. M&A Stories March…
COURT SUPPORTS GM’S DECISION TO APPROVE DEALERSHIP SALE WITHOUT RELOCATION REQUEST
The court concluded that GM’s refusal to grant buyer’s request to move the seller’s dealership to the buyer’s location was not a violation of applicable Missouri law. M&A Stories February 23, 2022 In a recent case, the court ruled in…
Hospital Buyer and Seller Dispute $2.4 Million Medicare-Medicaid Payment in M&A Deal
Explore a complex hospital acquisition case where a $2.4 million Medicare-Medicaid payment dispute arises between the buyer and seller. Gain insights into how the court interpreted the Asset Purchase Agreement (APA) and its impact on the resolution of this M&A…
Posted in post-closing adjustments for pre-closing sales and services, receivables Tagged with: Asset Purchase Agreement interpretation, Court ruling, Delaware bankruptcy court, healthcare industry, Hospital acquisition, hospital buyer and seller dispute, M&A dispute, M&A legal case, Medicare-Medicaid payment, payment reconciliation
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