A New Hampshire federal district court permitted the distributor to pursue a claim against the buyer based upon its assurances made to the distributor before closing. The buyer did not tell the distributor that its responsibility to fix printers sold…
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Jilted Seller Wins $5.7M Judgment After Reliance on Broken Promise
Learn about a significant legal case where a jilted seller secured a $5.7 million judgment due to a broken promise during business negotiations. Gain insights into the importance of transparent communication and the legal implications of unfulfilled commitments. January 24,…
Posted in promissory estoppel Tagged with: $5.7 million judgment, broken promise, business negotiations, buyer-seller relationship, Court of Appeals, financial losses, legal implications, M&A legal blog, promissory estoppel, Texas federal district court, Transparent communication, Universal Truckload v. Dalton Logistics
Unveiling Hidden Liabilities in M&A Legal Battle
Explore a compelling M&A legal battle case study where a Houston-based franchise faced challenges post-sale. Dive into the complexities of personal guarantees, nondischargeable debt in bankruptcy, and the crucial role of due diligence for both buyers and sellers. M&A Stories…
Posted in discharge in bankruptcy, misleading personal financial statement, personal guaranty, promissory note Tagged with: Bankruptcy proceedings, Buyer notes, Case Study, Chapter 7 Bankruptcy, Collateral impact, Deal failure prevention, due diligence, Financial difficulties, Hidden liabilities, Liens and judgments, M&A legal battle, Maturity date extension, Non dischargeable debt in bankruptcy, Personal guarantees, Seller's Claim, Transparent communication, U.S. Department of Labor
Unveiling Hidden Liabilities: A Cautionary Tale in M&A
Dive into the intricate world of mergers and acquisitions with our cautionary tale, ‘Unveiling Hidden Liabilities.’ Explore the complexities of a high-stakes acquisition, where a misstep led to a $42.7 million fallout. Discover the consequences of an inadvertent email mishap,…
Posted in no pending government investigations or inquiries, representations and warranties Tagged with: Acquisition Management, Air Force Contract, asset purchase agreement, Bid Information, Business Consequences, case reference, court verdict, due diligence, Earn-out payments, Financial intricacies, Financial Targets, Government Contractor, Hidden liabilities, Legal action, Legal Jargon, M&A landscape, M&A legal, Mergers and Acquisitions, Pending Government Investigation, Supreme Court of Virginia, Suspension, Transparent communication
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