Explore a case where a failed business sale led to a broker lawsuit seeking a $600,000 commission. Learn about the legal complexities surrounding broker agreements and the importance of clear terms to avoid disputes. M&A Stories February 23, 2021 Introduction:…
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Investment Banker’s Fee Approved in Chapter 11 Asset Sale Despite Challenges
Explore a recent case where an investment banker successfully secured their fee in a Chapter 11 asset sale, despite opposition from the trustee and creditors. Learn about the background, prepetition efforts, Chapter 11 petition, auction outcome, and the court’s decision…
Posted in approval of investment banking fee, bankruptcy sale, distressed business acquisitions, investment banker/business broker Tagged with: Auction outcome, Bankruptcy court, Bankruptcy Estate, Bankruptcy proceedings, Celebrity chef-owned restaurant, Chapter 11 asset sale, Court's Decision, Creditor opposition, Fee approval, Financial analysis, Imputed hourly rate, In re Garces Restaurant Group Inc, Investment banker fee, Legal Blog, M&A Case, Post-petition negotiations, Prepetition efforts, Similar cases, Stalking Horse Bidder, Trustee opposition
Clarifying Investment Banking Engagement Agreements in M&A Transactions
Explore a legal dispute between a Toronto-based investment banking firm and its M&A client. Gain valuable insights into industry lessons as we delve into a successful stock sale, the disagreement over a success fee, and the intricacies of debt assumption.…
Posted in fee based upon buyer debt assumption, investment banker/business broker, success fee Tagged with: Breach of Contract Lawsuit, Change of Control Clause, Credit Agreement Amendment, Debt Assumption, Fuller Landau Advisory Services Inc., Gerber Finance Inc., guaranty agreement, Industry Insights, Investment Banking, Legal dispute, M&A Transactions, Manhattan federal district court, New York law, Stock sale, Success Fee
Court Awards Investment Bank $1.7 Million Advisory Fee Despite Lack of Direct Involvement in Business Sale
Uncover the intricacies of a recent M&A legal case where an investment banking firm secured a $1.7 million advisory fee, despite not being the procuring cause. Delve into the details of the Carriage Hill Management, LLC v. Boston Lobster Feast,…
Posted in investment banker/business broker Tagged with: $1.7 million, advisory fee, asset purchase agreement, Boston Lobster Feast, Business owners, Business Sale, Carriage Hill Management, CFOs, confidentiality agreement, contractual language, Court ruling, engagement agreement, financial obligations, Industry specifics, Investment Banking, Legal Developments, legal professionals, M&A landscape, M&A legal case, procurement cause, unforeseen obligations
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