Phrases with «successor liability»

"Successor liability" refers to the legal responsibility of a new owner or entity to assume the debts, liabilities, and legal obligations of a previous owner or entity. It means that when someone buys or takes over a company, they may also inherit any financial or legal problems associated with that company. Full definition

liability (parent phrase)
successor (parent phrase)

successor liability

Sentences with «successor liability»

We have also represented pension fund trustees on complex matters including withdrawal liability, valuation, and successor liability in bankruptcy. (kleinbard.com)
Prevailed in defending against multiple claims of successor liability after client acquired assets of a distressed company in a foreclosure sale. (clarktrev.com)
The case is also useful for its providing some clues as to what facts a plaintiff must allege to state a colorable successor liability claim under Illinois law. (paulporvaznik.com)
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Phrases with «successor liability»

Sentences with «successor liability»

See also