Cummins & White

COMPLEX BUSINESS DEAL INCLUDING STOCKS, REAL ESTATE & SEVERANCE PAY SUCCESSFULLY COMPLETED FOR COMPANY SHAREHOLDER Highlights Over a five-month period, Cummins & White, LLP, successfully represented a founding shareholder in a complex business transaction involving stocks, real estate, and severance pay, among several key items. The firm worked diligently to make certain that the Client, [...]

SOLAR ENERGY FIRM SELLS OWNERSHIP INTEREST & RAISES FUNDS FOR EXPANSION Highlights Cummins & White, LLP, effectively represented Komodo Enterprises, Inc., in the sale of 49 percent ownership interest in its solar energy company, raising $7 million in cash to be used for business expansion.  The deal also included $15 million in convertible notes. Cummins [...]

RETAIL GASOLINE PROPERTIES & WHOLESALE DISTRIBUTION RIGHTS ACQUIRED IN MULTIFACETED TRANSACTION Highlights Over a period of nearly 17 months, Cummins & White, LLP, helped one of California’s largest Shell-branded fuel distributors acquire multiple gas stations in a deal totaling nearly $19 million. A key part of the transaction was the creation of a master limited [...]

INTENTIONALLY DEFECTIVE GRANTOR TRUSTS PROTECT ASSETS FROM ESTATE AND GIFT TAXES Highlights Cummins & White, LLP developed a plan to help the owner of a successful business protect more than $30 million from estate and gift taxes by creating Intentionally Defective Grantor Trusts. Based on its expertise in estate, gift, and income tax law, the firm [...]

RV FURNITURE MANUFACTURER GUIDED THROUGH COMPLEX BUSINESS PURCHASE Highlights Cummins & White, LLP successfully represented HTKF Holdings in an intricate business deal, negotiating with a third-party and allowing HTKF Holdings to acquire the assets and interests of its competitor. In three weeks, negotiations were done and four complex transactions were completed, including an asset purchase [...]

AUTO FINANCE COMPANY COMPLETES MULTI-MILLION DOLLAR ACQUISITION Highlights Cummins & White, LLP successfully represented Bankers Auto Acceptance Corporation, an auto finance company, when it purchased a Southern California-based competitor. Based on its expertise in mergers and acquisitions, Cummins & White conducted due diligence, as well as drafted and executed nearly 40 sales-related legal documents, including the [...]

APARTMENT OWNER SECURES FANNIE MAE APPROVAL OF LOAN TRANSFER AFTER THE FACT Highlights Cummins & White, LLP representing the owner of a 296-unit apartment building in a complex real estate transaction, worked with Wells Fargo and Fannie Mae to secure approval of a loan transfer from one of the owner’s corporate entities to another, avoiding [...]

SALE OF COUNTERTOP MANUFACTURER HELPS BUSINESS AVOID BANKRUPTCY Highlights Cummins & White, LLP successfully represented Jayar Manufacturing in the sale and/or lease of its assets to a competitor despite the fact that all company assets were encumbered by secured liens totaling nearly $3.5 million. Based on its expertise in business acquisitions and business insolvency, the [...]