Hoffend & Sons, based in Victor, NY, has filed suit against Brookings, SD-based Daktronics, seeking damages for shareholders for at least $12 million. Hoffend claims Daktronics has breached a 2006 contract to acquire Hoffend & Sons Inc. by failing to comply with the terms of the acquisition. Daktronics Inc. purchased the operating assets of Hoffend & Sons in October 2006. Under the terms of the purchase agreement, Daktronics was to provide payments to Hoffend shareholders ...
This content is free to access as a registered user on livedesignonline.com
Why register for livedesignonline.com? It's simple and free, and here is what you get:
- Daily original news covering the latest in entertainment design and technology
- Features on the latest industry trends
- Insights from thought leaders in the industry
- The ability to view both pay-per-view and free recorded sessions from our live events including Master Classes, LDI and Envision