In a recent case in the state of New York, an issue arose regarding the Asset Purchase Agreement (APA). The defendants were in the business of installing, servicing and monitoring fire alarm systems. The plaintiff sought to purchase the defendants’ business pursuant to an APA, which was signed by the parties.
Magalign Inc., Santa Cruz, Calif., produced a new product invention, which was designed in response to requests from homeowners and alarm installers for a magnet that greatly improves sliding window and door venting. Capable of functioning with virtually any reed switch, Magalign is a simple, effective, low-profile installation — being only 5/16-inch tall. Magalign can be flushed mounted to 1/8 inch.
On the heels of its recent announcement about the national expansion of its commercial bank, and an increased focus on growth industries, Citizens Financial Group announced today that David L. O’Brien will join veteran Boston-based Citizens banker Jane Westrich as part of a focused effort to expand Citizens’ commercial banking capabilities serving companies in the security alarm industry.