LexisNexis® Legal Newsroom
Continuity of Enterprise Is Enough for Successor Parties to Be Liable

by Lara Mouritsen Successor liability is often a concern for the acquirer when purchasing substantially all of a seller’s assets. While this risk is well known, the circumstances under which an acquirer will be found liable under the theory of successor liability are less clear. The recent decision...

U.S. Supreme Court Refuses to Hear Creditor’s Case Alleging Sale Violated Rights

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today denied certiorari in a bankruptcy case in which a creditor alleged that actual fraudulent conveyance of a debtor’s assets was committed during the bankruptcy sale because his claim against the bankruptcy estate was not preserved...