Generally, a business entity is deemed a successor in interest and therefore liable for the obligations of its predecessor if: 1) it expressly or impliedly assumes such liability; 2) the
two corporations were merged into one; 3) the successor corporation is a mere continuation of its predecessor; or 4) the transaction was fraudulently executed to escape such obligations. A fifth exception has been adopted in products liability cases where the successor corporation
undertakes to manufacture essentially the same products as the predecessor. Download this white paper to continue reading.
Agenda
Faculty
Richard A. Barkasy
Schnader Harrison Segal & Lewis LLP
- Partner with Schnader Harrison Segal & Lewis LLP
- Seasoned trial attorney and chair of the creditors’ rights and business restructuring practice group
- Devotes a substantial portion of practice to bankruptcy cases and handles a variety of complex commercial litigation matters
- Member of the firm’s Executive Committee
- Adjunct professor of bankruptcy, products liability, secured transactions, business organizations and construction law at Rutgers University School of Law-Camden
- J.D. degree, with honors, Rutgers University School of Law; B.A. degree, Dickinson College
- Can be contacted at 215-751-2526 or [email protected]
Fred W. Hoensch
Schnader Harrison Segal & Lewis LLP
- Attorney at Schnader Harrison Segal & Lewis LLP
- Member of Creditors' Rights and Business Restructuring Practice Group and handles a wide variety of creditors' rights, bankruptcy and real estate litigation matters
- Recognized as Rising Star by Super Lawyers Magazine
- Admitted to practice in Pennsylvania, Delaware and New Jersey
- J.D. degree, Temple University School of Law; B.A. degree, University of Pennsylvania
- Can be contacted at 215-751-2565 or [email protected]
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