Federal court dismissed claims of former seller employees against buyer of restaurant assets because employees did not allege in their complaint that buyer had been aware of wage and hour problems at the restaurant or the inability of the seller…
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BUYER OF RESTAURANT ASSETS FACES LAWSUIT OVER EMPLOYEE WAGE AND HOUR CLAIMS
Posted in problems with seller's employees Tagged with: asset purchase agreement, Buyer of restaurant assets, due diligence, Employee wage and hour claims, Escrow or holdback mechanisms, Federal court ruling, Inc. (case reference), Lawsuit, Liability assumption, M&A legal blog, Vazquez v. Molto Bene Bellmore
FEDERAL COURT RULES SEARS OWNS $6.3 MILLION CASH FROM EQUITY SALE OF FOREIGN SUBSIDIARIES
In a bankruptcy asset sale of Sears, the buyer had the option of purchasing the equity of the foreign subsidiaries in the event of problems with a foreign asset transfer. The buyer did and to the surprise of all, the…
Federal Court Ruling on Asset Buyer’s Liability for Seller’s Wage and Hour Issues
Explore the intricacies of a recent federal court ruling in Diaz v. Slayton One Cleaner Inc., dissecting the responsibility of asset buyers for seller’s wage and hour issues in M&A transactions. Understand the court’s decision and its implications for small…
Posted in due diligence, federal wage and hour violations, successor liability Tagged with: Asset Buyer Liability, Diaz v. Slayton One Cleaner Inc., Due Diligence in Acquisitions, Federal court ruling, M&A legal blog, New York M&A Cases, Seller's liabilities, Small Transaction Red Flags, Successor liability doctrine, Wage and Hour Issues
Federal Court Rules on Whether M&A Asset Buyer Is Subject to Seller Injunction
Explore the legal intricacies of M&A asset acquisitions with our latest blog post on the federal court ruling in ADT LLC v. NorthStar Alarm Services, LLC. Uncover buyer responsibilities, liability nuances, and the impact of seller federal injunctions in this…
Posted in post asset purchase issues, seller's federal injunctions Tagged with: ADT case, ADT LLC v. NorthStar Alarm Services LLC, ADT vs. NorthStar Alarm, asset acquisitions, asset purchase agreement, business contracts, business decisions, business law, business stakeholders, buyer accountability, buyer notice, buyer responsibilities, case analysis, Court decisions, de facto merger doctrine, Federal court ruling, federal trademark laws, injunction implications, Legal Developments, legal obligations, Legal Precedents, liability nuances, M&A legal, security industry, seller federal injunctions
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