California Court of Appeal

In an action for breach of contract arising from an asset purchase agreement, judgment of the trial court is affirmed where breach of contract action is time-barred as it was not filed within the 24-month limitations period provided for in agreement and where cross-claim for securities fraud fails because defendant has no damages and cannot obtain rescission under Corporations Code section 25501.

Appellate Information

• Decided 04/27/2011
• Published 04/27/2011

Judges

• FYBEL

Court

• California Court of Appeal

Counsel