Legal Question in Business Law in Florida
Liability claim against a buisiness that is being sold
Assisted Living business had a claim filed 2 years ago-still NO court date-NO amount of suit disclosed-99% sure NO LAWSUIT--We are selling-buyer wont close until resolved -he is afraid they can sue him even though separate license etc.
Suit: Claim 92 year female slipped and fx hip at the facility--Yet family states it happened with them. Our liability coverage is 1 million per incident-If for some reason this did go to trial-can they go after the new owners assets. If so -how do we get our insurance to end this nightmare..so that we can close. 2 years since filed--6 months waiting to close!
3 Answers from Attorneys
Re: Liability claim against a buisiness that is being sold
I appologize but your question is unintelligible as written, if you would like to resubmit your question or contact me to discuss it further you may at 305 769 3000.
Re: Liability claim against a buisiness that is being sold
I would really like to know more of your problem. The court records can be checked. Also, if it is an asset sale, liability can be obviated. But to provide a meaningful answer the documents must be reviewed and a personal conference occur. Regrets, no free conference is available. But if you wish, call me at 305-940-8080.
Re: Liability claim against a buisiness that is being sold
I understand your plight, and I have dealt with this type of situation before in relation to the sale and purchase of businesses and assets. There are various and significant issues that need to be studied in order to provide you with any meaningful response. If you are interested in a proper analysis of the matter and eager to make the buyer comfortable enough to close the transaction, please call my office at 305-445-0937. I will gladly schedule an appointment with you to discuss this matter.
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