Contract – Accounting Firm Purchase – Due Diligence
By Deborah Elkins
Published: January 7, 2009
Defendant buyers of an accounting business, sued on their $145,000 promissory note, lose on summary judgment their counterclaim alleging fraud based on claims that plaintiff sellers failed to make disclosures and impeded buyers’ efforts to perform due diligence on the firm prior to completing the asset purchase agreement, in this case from the Norfolk U.S. District Court.
White v. Nicholas Potocska PC (USDC-ED) (VLW 008-3-552) (58 pp.)
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