7th Circuit: Asset Sale Does Not Preclude Company From Using Debtor's Trademarks

7th Circuit: Asset Sale Does Not Preclude Company From Using Debtor's Trademarks

CHICAGO - A panel of the Seventh Circuit U.S. Court of Appeals on July 9 ruled that a company that had a manufacturing contract with a debtor could continue selling its products despite objections from the company that purchased the debtor's assets and trademarks at a trustee's sale (Sunbeam Products Inc. v. Chicago American Manufacturing LLC, No. 11-3920, Chapter 11, 7th Cir.; 2012 U.S. App. LEXIS 13883).

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