Representative Matters

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Client: Funeral Home Company
Represented corporate buyer in complex litigation concerning stock acquisition of a new subsidiary. Seller sued to recover $2 million in assets within the transferred company that were discovered post-closing.

We represented the buyer/defendant in merger/acquisition litigation brought by a seller/plaintiff. The seller contended that a subsidiary sold to the buyer in a stock transaction held assets exceeding what both buyer and seller had assumed. The seller sought to reform or rescind the transaction on account of mutual mistake, but the state courts - from the District Court of Appeals to the Supreme Court - held that the stock transaction included all assets, known and unknown.