While in the heat of negotiating, dealmakers can overlook potentially costly exposure in a variety of areas, such as employee benefits. As explained by Becca Kopp in our sister blog, Employer Law Report, in Ohio, buyers may incur unanticipated liability for workers’ compensation obligations, regardless of what is set forth in the documentation. This may be the case where the deal is negotiated between two parties, and even where the buyer is acquiring through an intermediary bank or receivership. Accordingly, buyers are cautioned to make sure their due diligence related to employees is thorough.
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