Legal Opinion
Hebbronville Lone Star Rentals, L.L.C. v. Sunbelt Rentals Indus. Servs., L.L.C.
Court of Appeals for the Fifth Circuit
Decided August 6, 2018No. 17-50613PublishedCited by 4 opinions
1Opinion of the Court
GREGG COSTA, Circuit Judge:
Hebbronville Lone Star Rentals, L.L.C. sold its assets, customer lists, and customer contracts to another equipment rental business, Sunbelt Rentals Industrial Services, L.L.C. The sales price included a $25 million upfront payment as well as three future contingent payments sometimes called earnouts. The idea behind the contingent payments was to incentivize the owner of Lone Star, Sam Lovett, to help Sunbelt retain and grow the revenue from Lone Star's customer base. The more business Sunbelt received from former Lone Star customers, the higher the contingent…
2Cases cited10 opinions
- First Options of Chicago, Inc. v. KaplanSupreme Court of the United States · 1995
- At&T Technologies, Inc. v. Communications WorkersSupreme Court of the United States · 1986
- Williams v. GlashTexas Supreme Court · 1990
- Fed. Sec. L. Rep. P 98,372 Executone Information Systems, Inc. v. Lloyd K. DavisCourt of Appeals for the Fifth Circuit · 1994
- Piggly Wiggly Operators' Warehouse, Inc. v. Piggly Wiggly Operators' Warehouse Independent Truck Drivers Union, Local No. 1Court of Appeals for the Fifth Circuit · 1980
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3Cited by4 opinions
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- Shamrock Fisheries, LLC v. ManningDistrict Court, D. Massachusetts · 2021