Bankruptcy sale orders may not always prevent successor liability claims against asset purchasers *

USA - May 18 2012
A purchaser of assets from a debtor in bankruptcy may not be able to rely entirely on bankruptcy court approval of the sale to bar a claim arising long after the sale and based on a claimed defect in a product sold by the debtor years prior to its bankruptcy.

Co-authors: Robin E. Keller , Edward C. Dolan , Stephen J. Zempolich .