Explore a legal case that highlights the importance of addressing foreign tax liabilities in M&A deals. Learn from an $80 million acquisition where inadequate management of escrow arrangements led to a dispute over unpaid Mexican income taxes. Wednesday, July 1,…
Blog Archives
Ensuring Payment of Foreign Taxes in M&A Escrow: Lessons from a Legal Case
Posted in escrow, foreign income tax Tagged with: Acquisition, Buyer's Interests, Case Study, comprehensive escrow agreement, escrow arrangement, escrow funds, foreign taxes, Legal Case, Legal dispute, Lessons learned, M&A, Mexican income tax, Mexican subsidiaries, New York State Court, post-closing period, Publications Intl. v. Phoenix Intl. Publs., statute of limitations, tax liabilities
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
Asset Buyer Can’t Recoup its Stale Fraud-Breach Claims Against Earnout
Explore a case study from March 10, 2020, involving a medical device company acquisition and the implications of not pursuing fraud/breach claims post-closing. Learn about the court’s ruling and the importance of timely action in M&A deals. March 10, 2020…
Posted in earn out, earn outs, recoupment doctrine, statute of limitations Tagged with: Asset buyer, Claros Diagnostics v. OPKO Health, contract breach, Delaware Court of Chancery, earnout, fraud-breach claims, M&A legal blog, medical device company acquisition, post-closing claims, statute of limitations
Extending Contractual Timeframes in M&A Deals Under Delaware Law
Explore the implications of Delaware law on survival periods and statute of limitations in M&A agreements. Learn how a recent case, Kilcullen v. Spectro Scientific, Inc., sheds light on extending timeframes for indemnification claims. September 6, 2019 M&A Stories Introduction:…
Posted in extension by contract in Delaware, indemnification, statute of limitations, survival of reps and warranties, tolling Tagged with: 10 Del. Code § 8106(c), contract claims, contractual timeframes, Delaware Court of Chancery, Indemnification claims, intellectual property representation, Kilcullen v. Spectro Scientific, Legal battles, M&A agreements, M&A Delaware law, statute of limitations, survival periods, tolling
Legal Dispute: Inventor Sues Buyer for Unauthorized Use of Name
Explore a recent M&A legal case where an inventor takes legal action against a buyer for using his name without authorization. This blog post delves into the details of the dispute, legal rulings, and the key takeaway. Case reference: Yeager…
Posted in sale of product line Tagged with: asset purchase agreement, Federal trademark law, Illinois publicity law, Inventor vs Buyer dispute, Legal dispute analysis, M&A legal case, Pharmaceutical industry lawsuit, Rights to publicity, statute of limitations, Unauthorized use of name, Yeager v Innovus Pharmaceuticals Inc
Successor Liability: A Cautionary Tale for Asset Buyers in M&A Deals
Explore the intricate legalities of asset purchases in M&A through a cautionary tale. Delve into the Alabama Teachers Credit Union v. Design Build Concepts case, highlighting successor liability nuances, business continuity, and the impact of labeling transactions. Learn valuable insights…
Posted in successor liability Tagged with: Alabama law, Alabama Teachers Credit Union, asset purchase agreement, asset purchases, business continuity, buyer assurances, Buyer equity, buyer responsibility, Case Study, cautionary tale, construction business acquisition, construction defects, Court Case, Design Build Concepts, key personnel retention, Legal action, legal implications, legalities, M&A, M&A Transactions, merger, post-acquisition issues, seller's name usage, statute of limitations, successor liability
Key Takeaways from Recent M&A Case: Buyer’s Indemnification Rights Clarified
Explore the legal intricacies of a recent M&A case where a restraint system manufacturer acquired a seat belt producer, leading to a dispute over indemnification for pre-closing product liability claims. Understand the court’s ruling and the implications for buyers and…