BB&D Represents Minority Owner In Sale of 40% Ownership Interest Back To Company (Summer 2020)

BB&D attorneys Robert Brandt, Bridget Nave and Brett Sayers represented a minority owner in selling his shares back to the corporation for $7 million after the shareholder was terminated as a director, officer and employee of the Company. BB&D was able to obtain for the client: full payment at closing of the purchase price (instead of payment over 10 years as provided in the shareholders agreement), full and complete release of all claims any stakeholder may have against the seller, the elimination of non-compete and other restrictive covenants, as well as on-going indemnification for past services by the client in the client’s capacity as director, officer and employee.