Business asset buyer not liable to seller creditor under Indiana’s de facto merger or mere continuation successor liability exceptions to the successor liability doctrine. M&A Stories April 30, 2021 Introduction Successor liability is an important issue when pricing a business…
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Indiana High Court Requires Continuity of Ownership in Successor Liability Claim
Posted in continuity of enterprise exception, continuity of ownership, de facto merger exception, successor liability Tagged with: M&A stories, M&A tips
Buyer fights responsibility for a $1.5 million judgment against an asset seller of a business
Customer is a foreign business organized under the laws of Nigeria, with its principal place of business in Lagos, Nigeria. Seller is a Louisiana Liability Company that was in the business of shipbuilding in Louisiana, until January 4, 2014. Buyer…
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- transferee liability for taxes IRC Section 6901
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- willing buyer or procuring cause
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