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Product Liability

Mar. 4, 2000

Inherit the Lawsuit

When does a successor company inherit the liability for products made by a former company?

By Janet H. Kwuon and Lisa M. Baird
         When a company folds and sells off its assets, what options do its creditors have? The answer to this question normally is found in traditional corporate or bankruptcy law, both of which have long-established guidelines about what liability a successor company inherits from its predecessor. But when the creditor is a product liability plaintif...

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