The Conference Board (06/19/2014)
The U.S. Conference Board Leading Economic Index for May rose 0.5% to 101.7, the fourth consecutive monthly increase. There was a 0.3% increase in April and a 1.0% increase in March. The economy may be moving toward a more robust expansion, and the biggest challenge going forward will be maintaining such growth. The Conference Board’s Coincident Economic Index went up 0.3% in May to 109.0, and the Lagging Economic Index rose 0.4% to 123.8.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
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