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…
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BUSINESS BUYER’S CLAIMS-MADE POLLUTION LIABILITY POLICY EXCLUDES HEALTH CLAIMS FROM NEARBY RESIDENTS
No Insurance Coverage for $25 Million Fire Damage Claim on Sold Business Assets
Explore a case study involving a $25 million fire damage claim on sold business assets, where insurance coverage was denied due to contractual breaches. Learn about the legal implications and the court’s decision in Murphy Oil Corporation v. Liberty Mutual…
Posted in CGL Policy, Duty to Defend Tagged with: asset purchase agreement, business risks, contractual breaches, Court decision, economic loss, federal appeals court, fire damage claim, Insurance Coverage, legal responsibilities, Liberty Mutual Fire Insurance Company, M&A legal blog, Murphy Oil Corporation, Negligence, property damage, sold business assets, statute of limitations
Buyer Breach of Required Insurance Provision in Acquisition Documents Result in Punitive Damages
Dive into a cautionary M&A tale emphasizing the significance of contractual compliance. Explore a legal case where a buyer’s breach of insurance provision in acquisition documents led to punitive damages. Learn valuable lessons on the importance of adhering to contractual…
Posted in insurance requirements, punitive damages Tagged with: Acquisition Documents, actual-cash-value insurance, business law, Business Transactions, Buyer Obligations, Case Study, Contractual Compliance, Contractual obligations, Court Case, industry compliance, Insurance Coverage, Insurance Provision, Legal Disputes, Legal lessons, Legal Liability, M&A legal issues, Mergers and Acquisitions, Punitive damages, replacement-value insurance, Risk mitigation, Seller Rights
Understanding Asset Buyer Liability for Defective Products in M&A
Unlock the complexities of M&A asset acquisitions with insights into liability for defective products. Explore legal precedents, such as the product-line exception, and learn how to navigate post-closing liabilities effectively. Dive into case studies, due diligence strategies, and industry insights…
Posted in successor liability Tagged with: Asset acquisition, Asset buyer, California Supreme Court, Case Study, defective products, due diligence, Industry Insights, Insurance Coverage, legal doctrine, Legal precedent, Liability, litigation history, M&A, Mergers and Acquisitions, post-closing liabilities, product liability claims, product line exception, Ray v. Alad Corp., Risk mitigation
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