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California Updates Waiver Language Common In Settlement Agreements

USA - February 25 2019 The California legislature recently updated the language of waivable language in California Civil Code Section 1542 that is intended to prevent a…

How to Avoid Successor Liability in Asset Acquisitions

USA - November 1 2018 People who buy and sell businesses will often look to structure the deal as an asset purchase in an effort to avoid getting stuck with the liabilities…

Putting A Cap On Participating Preferred Stock

USA - March 7 2019 Participating preferred stock - which entitles the investor to a preferential payment upon liquidation, as well as a share of the remaining…

Delaware Court Says Office Supply Co. Must Face Suit From Spurned Merger Partner

USA - November 6 2019 The Delaware Chancery Court has ruled office supply company Essendant Inc. must face a lawsuit after it bailed out of a tie-up with Genuine Parts Co…

What Is A Co-Sale Right?

USA - June 6 2019 It’s not uncommon for preferred investors to require that startup founders enter a co-sale agreement. Co-sale rights give investors the right to join…