InvestorsHub Logo

eqinvestor

01/05/21 9:40 AM

#47095 RE: Coreton #47093

Actually, it is the most relevant point of the whole filing. As I stated in the past which you rejected, GDSI absolutely knew about the unpaid tax liabilities before the proposed closing date. Rontan's argument is that they waived the condition precedent of tax liabilities by insisting the deal close. That is not a crazy legal theory. However, the Quantum case is on point with that set of facts and concluded that Quantum could still get incidental damages.