Q: If I as CEO of my company discover the company I've signed on to acquire has doctored its financial health records is
there any way for me to void the acquisition or get recompense for the newly discovered loss?
A: Yes, if what you are telling me is that they engaged in fraud by altering their books and the alterations are material such that you either would not have proceeded with the acquisition or would have changed the price and terms, then you have grounds to rescind the transaction or to sue the sellers for the damage they have done. I suggest you contact a good corporate attorney who also does litigation as soon as possible.
Robert P. Cogan agrees with this answer
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