Business Buyer Failed to Perform Due Diligence

Business Valuation Update BVLaw
Legal and Court Case Update
February 8, 2000

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5511 Motor Vehicle Dealers (New and Used)
441110 New Car Dealers
fraud
William D. Gardner, Jr. et al. v. Travis L. Little et al.
No. 1998-CA-01786-COA (Miss. App. 2000)
US
State Court
Mississippi
Court of Appeals
King

Summary

The Mississippi Court of Appeals concluded that the purchasers of an automobile dealership failed to perform any financial due diligence prior to signing the stock purchase agreement.

See Also

William D. Gardner, Jr. et al. v. Travis L. Little et al.

Full Text of Court Cases
February 8, 2000

The Mississippi Court of Appeals concluded that the purchasers of an automobile dealership who failed to perform any financial due diligence prior to signing the stock purchase agreement, which contained a disclaimer stating that the purchasers are not re ...