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Court considers whether bankruptcy sale of Chrysler shields buyer from pre-closing claim for a defective airbag

This case involves the purchase by Buyer of substantially all of the assets of the distressed auto business of Seller, (Chrysler). The 2009 sale occurred in Seller’s chapter 11 bankruptcy reorganization in which Seller sold most of its assets to

Posted in actual notice to known creditors, bankruptcy sale, distressed business acquisitions

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