Larry Kotler of Duane Morris. Courtesy photo Buyer Beware: 'Undisclosed' Liabilities in Asset Purchase Agreements
Recently, the U.S. Bankruptcy Court for the District of Delaware issued a memorandum opinion in support of oral ruling pursuant to Local Bankruptcy 8003-2, granting the motion of Robert Weinstein for entry of an order enforcing the sale order and granting related relief.
October 13, 2021 at 09:00 AM
8 minute read
Recently, the U.S. Bankruptcy Court for the District of Delaware issued a memorandum opinion in support of oral ruling pursuant to Local Bankruptcy 8003-2, granting the motion of Robert Weinstein for entry of an order enforcing the sale order and granting related relief. In this decision, the Bankruptcy Court had to interpret arguably conflicting provisions contained within a certain asset purchase agreement that the debtors and Spyglass Media Group LLC (f/k/a Lantern Entertainment LLC), the purchaser of the debtors' assets, had entered into during the course of the debtors' bankruptcy cases.
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