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BUYER OF MEDICAL PRACTICE NOT RESPONSIBLE FOR BREACH OF UNASSUMED CONTRACT

The seller’s practice entered into a contract with a doctor employee who left after the closing. The seller promised in the contract to give the doctor any medical records of any patient that followed the doctor. The doctor sued the

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Lawsuit Arises from Tank Explosion, Buyer of Storage Tank Inspection Business in Legal Battle

Pennsylvania federal court holds that the buyer group’s errors & omissions liability insurer had no duty defend either the buyer or the purchased seller’s company. M&A Stories April 13, 2023 Introduction When buying a business, a critical decision for buyers

Posted in Problems with seller's pre-closing errors & omissions Tagged with: , , , , , , , , ,

Court Rules No De Facto Merger in Purchase of Bankrupt Company’s Assets

Explore the court decision regarding de facto merger in asset acquisitions. Learn how the absence of common ownership impacted this M&A case. Insights on product liability risks. September 17, 2019 M&A Stories Introduction: When acquiring a manufacturing business, evaluating product

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Federal Court Ruling on Asset Buyer’s Liability for Seller’s Wage and Hour Issues

Explore the intricacies of a recent federal court ruling in Diaz v. Slayton One Cleaner Inc., dissecting the responsibility of asset buyers for seller’s wage and hour issues in M&A transactions. Understand the court’s decision and its implications for small

Posted in due diligence, federal wage and hour violations, successor liability Tagged with: , , , , , , , , ,

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