Learn from a recent M&A case about the costly consequences of a critical typo in stock purchase agreements, as a court rectifies the error and awards the seller $441,000 in pre-closing tax refunds. Explore the importance of precise language in…
Monthly Archives: March 2019
Court Awards Seller $441K in Preclosing Tax Refunds Dispute
Posted in purchase agreement Tagged with: Buyer-seller agreement, Clear language in agreements, Court decision in M&A dispute, court reformation of contract, Delaware Federal District Court, Heritage Handoff Holdings LLC v Fontanella, Legal battle outcome, M&A case study, M&A legal blog, Meticulous proofreading, mutual mistake, preclosing tax refunds, proration of taxes, Seller's rights in M&A, Stock purchase agreements, Tax refunds dispute, Tax refunds in M&A deals, Typo in agreements
Costly Customer Secrets: Buyer’s $4.4 Million Lesson in M&A
Explore a real M&A case where lack of disclosure about customer issues led to a costly lawsuit. Learn the importance of transparency and diligence in mergers and acquisitions. M&A Stories March 15, 2019 Introduction: In the world of mergers and…
Posted in purchase agreement Tagged with: Breach of contract, business litigation, buyer's lesson, buyer-seller relationship, customer issues, customer relationships, Heritage Handoff Holdings LLC v Fontanella, key customers, Legal Blog, M&A, M&A case study, M&A lawsuit, Mergers and Acquisitions, Purchase Price, reasonable reliance, securities fraud, transparency in M&A
Acquiring a Troubled Business in Bankruptcy: Shedding Union Liabilities
Learn about the legal complexities of purchasing a distressed business in bankruptcy, specifically focusing on shedding union liabilities. Explore the case of Mission Coal Company and understand the key takeaways from this challenging M&A scenario. M&A Stories March 12, 2019…
Posted in purchase agreement Tagged with: acquiring a business, bankruptcy, bankruptcy sale, case reference, Chapter 11, court approval, distressed business, healthcare commitments, job preservation, legal complexities, M&A, Mission Coal Company, pension obligations, sale of distressed business, union liabilities
Employment Contract Leads to Arbitration Dispute in M&A Deal
Explore a case study of M&A gone awry due to employment contracts with arbitration clauses. Learn key takeaways for smoother transactions. M&A Stories March 8, 2019 Introduction: In the world of M&A, buyers often want the previous owners to stick…
Wealth Manager Avoids Solicitation Claims in M&A Case
Explore the risks and legalities in Mergers and Acquisitions when personal service businesses are involved. Learn from a recent case where a wealth management company faced challenges due to client relationships. M&A Stories March 7, 2019 Introduction: In the world…
Posted in purchase agreement Tagged with: Business acquisition risks, Client relationships in M&A, Due diligence in M&A, Key individual in business, Legal safeguards in acquisitions, M&A legal case, Non-solicitation promise, sale of personal service company, Seller's non-compete agreement, Sentinel Rock Wealth Management case, Wealth management acquisition
Selling Your Company: Balancing Transparency and Legal Responsibilities
Learn about the legal responsibilities of a controlling shareholder to the other owners when contemplating a sale and the importance of transparency in M&A deals. Explore a real case scenario highlighting these crucial aspects. M&A Stories March 2, 2019 Introduction:…
Posted in purchase agreement Tagged with: board duty of care and loyalty, board member duties, books and records inspection, CEO responsibilities, controlling shareholder duty of care and loyalty, Corporate governance, inspection of officer and board personal emails, legal implications, M&A case study, M&A legal responsibilities, officer duty of care and loyalty, selling a company, shareholder lawsuit, shareholder rights, transparency in M&A
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