To: Conservat1
Here's a serious question for anyone who knows about business law…..if a public company whose worth is based on the number of users on their platform (exposure for ads, etc), that company gets sold and the new owner finds out the number it's worth was based on is totally bogus, is there a legal remedy?
8 posted on
04/28/2022 4:05:44 PM PDT by
liberalh8ter
(The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
To: liberalh8ter
...
if a public company whose worth is based on the number of users on their platform (exposure for ads, etc), that company gets sold and the new owner finds out the number it's worth was based on is totally bogus, is there a legal remedy?Did the buyer exercise due diligence? Was the buyer defrauded?
17 posted on
04/28/2022 4:56:11 PM PDT by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
To: liberalh8ter
Speaking as a businessman and not a lawyer:
Contracts often include considerations for material misstatements of asset value. And the law frowns upon fraud.
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