The buyer sued the funds and the company's CEO and CFO for fraud and conspiracy to commit fraud (as well as claims for indemnification) with respect to alleged misrepresentations made both in the stock purchase agreement (the "contractual claims") and outside the agreement (the "extra-contractual claims").
As discussed, the breadth of the representations in the sale agreement will affect not only a seller's potential liability for indemnification claims, but also for fraud claims.
In addition, the U.S.-based censor-free Radio Martí continued to broadcast, and U.S. claims and Cuban counterclaims for indemnification remained unsettled.
Amount of the escrow holdback for indemnification claims by the buyer and the period of the escrow/holdback (the typical ideal scenario for a seller is 5-105-10%the purchase price for 9 to 12 months).
Amount of the indemnity escrow or holdback for indemnification claims by the buyer and the period of the escrow/holdback (an attractive scenario for a seller is no more than 5-105-10%the purchase price with an escrow period of 9 to 12 months).
ancillary jurisdiction over the counties' cross-claim against the state for indemnification.
Called directors and officers (D&O) insurance, these policies, offered by companies such as American International Group, Chubb and Ace Limited, are designed to provide reimbursement of costs incurred in defending a claim and indemnification for any judgment or settlement in a case.
One principle in the document is that the ability of general partners to claim indemnification for breach of their obligations to the limited partners, known as fiduciary duties, should be cut back.
The injured customer sued Ford, the dealer and the leasing agency, and Ford settled the customer's claim for $72,000; when the other defendants refused to reimburse it for any part of the settlement, Ford brought an action for indemnification.
Demands for indemnification don't just come from businesses.
