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Home / Opinion Digests / Corporate / Corporate – Asset Purchase – ‘Mere Continuation’ – Same Directors – Not Enough (access required)

Corporate – Asset Purchase – ‘Mere Continuation’ – Same Directors – Not Enough (access required)

When a company’s assets are purchased, the fact that the buyer continues the predecessor company’s operations with the same officers is not enough to hold the successor corporation liable for the predecessor company’s liabilities. We reverse the Court of Appeals’ decision, which upheld the trial court’s ruling that plaintiffs could recover from the successor corporation. One way ...

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