Successor Liability In Calif.: Where To Point The Finger

Law360, New York ( August 19, 2015, 11:03 AM EDT) -- When one product manufacturer/distributor acquires another, which party should assume the existing debt and/or ongoing liabilities — the buyer or the seller? Questions like this have plagued courtrooms for years, yet still this remains an unsettled area of successor liability law. Even more specifically, to whom should the responsibility be directed if liabilities are a function of allegedly defective products, especially if the buyer doesn't manufacture them any longer?...

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