Ress Life sues Legacy Portfolio buyer over earn-out
Ress Life Investments A/S terminated the sale agreement and sued the buyer and affiliates, alleging misrepresentations and potential pledging of assets. An approx. $129M earn-out is on its balance sheet, though legal outcomes and timing are uncertain.
Ress Life Investments A/S said it terminated the sale agreement and has sued the buyer and affiliates over its Legacy Portfolio, citing alleged misrepresentations and the potential pledging of assets. An approx. $129M earn-out is on its balance sheet, while the legal outcome and timing remain uncertain.