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TBA GLOBAL v. FIDUS PARTNERS

13625N, 650161/13

132 A.D.3d 195 (2015)

15 N.Y.S.3d 769

2015 NY Slip Op 06698

In the Matter of TBA GLOBAL, LLC, Appellant, et al., Petitioner, v. FIDUS PARTNERS, LLC, Respondent.

Appellate Division of the Supreme Court of New York, First Department.

Decided September 1, 2015.

Attorney(s) appearing for the Case

Winston & Strawn LLP, New York City ( Luke A. Connelly and Zachary L. Spencer of counsel), for appellant.

Mintz Levin Cohn Ferris Glovsky & Popeo, P.C., New York City ( Seth R. Goldman of counsel), for respondent.

RENWICK, MOSKOWITZ and RICHTER, JJ., concur with FRIEDMAN, J.P.; MANZANET-DANIELS, J., dissents in a separate opinion.

OPINION OF THE COURT

Petitioner acquired a failing business pursuant to an asset purchase agreement that specifically excludes from the assets and liabilities being transferred to the buyer any "brokerage or finders' fees . . . or other similar payments" owed by the seller. The asset purchase agreement further specifically...

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