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Texas Court Nixes Indemnity Interpretation In Stock Agreement

By Paul DeBenedetto (March 19, 2015, 6:27 PM EDT) -- A Texas appeals court on Thursday overturned a lower court's interpretation of the indemnity clause in a stock purchase agreement between Grant Prideco Inc. and a group of sellers, finding that there is still a question of responsibility in an underlying product liability suit that took place after the stock sale....

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