
Episode #20
The Deal Closed and Then Collapsed: What Actually Went Wrong
Episode Summary: In this episode of Litigation & Capital, host Lisa Mosbey is joined by Steven Mirsky, founder of Mirsky Corporate Advisors, to explore the complexities that arise after a business deal closes. They delve into common issues such as identity and personality conflicts, financial concerns, and the impact of rushed due diligence. Steven shares real-world examples, including disputes over net working capital and earnouts, to illustrate how seemingly solid deals can unravel. The discussion also covers the importance of understanding deal structures, the role of assumptions in business valuations, and strategies to avoid litigation. Steven emphasizes the need for thorough preparation, including conducting audits and setting realistic expectations, to ensure a smoother transaction process. Listeners will gain valuable insights into how to protect their interests and navigate potential pitfalls in high-stakes mergers and acquisitions. Key Timestamps: 00:01 β Introduction 00:28 β Common Causes of Deal Breakdowns 01:15 β Personality and Identity Issues in M&A 02:13 β Financial Concerns and Due Diligence 03:54 β Real-World Example: Trucking Business Dispute 05:43 β Earnout Disputes and Stakeholder Changes 07:02 β Assumptions and Business Valuations 08:56 β Impact of Deal Structures on Post-Closing Issues 11:06 β Avoiding Litigation: Key Considerations 12:18 β Dispute Resolution Mechanisms 14:01 β Importance of Due Diligence and Audits 15:19 β Preparing for a Sale: Long-Term Strategies About the Show: Litigation & Capital is a podcast dedicated to unraveling the complexities of high-stakes legal issues affecting mid-sized companies. Hosted by Lisa Mosbey, each episode features in-depth discussions with industry leaders and legal experts like Steven Mirsky. The show aims to transform intricate legal challenges into actionable insights, empowering business owners to protect their investments and leverage opportunities. Whether you're navigating mergers and acquisitions, facing potential litigation, or seeking to understand the legal landscape, Litigation & Capital provides the clarity and guidance you need to make informed decisions. Visit the website below to learn more: https://mirskycorporateadvisors.com/






