Legal Question in Business Law in Georgia

I own shares in the company outlined below Ames Taping Tools,...what is my recourse?

The press release...

DULUTH, Ga., Dec. 15 /PRNewswire/ -- Ames Taping Tools (AMES), the leading designer, manufacturer, marketer, and distributor of Automatic Taping and Finishing (ATF) tools, has entered into a definitive agreement to sell its assets to a group of investors led by Aurora Capital Group, GSC Group and Saybrook Corporate Opportunity Fund, all of whom are existing investors in the company. To consummate the recapitalization and sale, Ames will file for relief under the Federal Bankruptcy Code in Delaware. The sale is subject to overbids under a Section 363 process and bankruptcy court approval, and is expected to formally close in approximately 90 days.


Asked on 12/16/09, 6:54 am

1 Answer from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Recourse for what - the filing of bankruptcy protection, the notice, improper management, breach of duty/contract? You need to post more facts and a more precise question.

If you would like to discuss any issues further, please feel free to contact my office. The link to my contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Read more
Answered on 12/21/09, 7:11 am


Related Questions & Answers

More Business Law questions and answers in Georgia