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We recently assisted our clients, the shareholders of an Oregon corporation with approximately $110 million in annual revenues, in selling all of the shares of their corporation to a Fortune 500 publicly traded corporation. Such a sale had been a long term goal of our clients. We were able to assist them in various issues, including those (1) related to the sale of the securities, (2) security for outstanding obligations owed to them, (3) employment agreements for several of the principals, and (4) limitation of liabilities with respect to covenants in the sales agreements. The Chief Executive Officer of the publicly traded company personally came to Portland and complimented both Sussman Shank LLP and the Wall Street law firm representing it for the timely and efficient legal services involved in closing a technically difficult transaction.
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