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

18 May 2012

Business Restructuring and Insolvency Client Alert

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.

Read: "Bankruptcy sale orders may not always prevent successor liability claims against asset purchasers"

The team

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