successor liability https://bankruptcy.cooley.com The Business Bankruptcy Blog Tue, 02 Apr 2013 13:44:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://bankruptcy.cooley.com/wp-content/uploads/2025/01/cropped-cropped-favicon-1-1-192x192-1-60x60.png successor liability https://bankruptcy.cooley.com 32 32 Seventh Circuit Decision Gives Support To Protecting Buyers In Bankruptcy Sales From Successor Liability https://bankruptcy.cooley.com/2013/04/articles/seventh-circuit-decision-gives-support-to-protecting-buyers-in-bankruptcy-sales-from-successor-liability/ Tue, 02 Apr 2013 13:44:17 +0000 http://inthered.wp.lexblogs.com/2013/04/seventh-circuit-decision-gives-support-to-protecting-buyers-in-bankruptcy-sales-from-successor-liability/ Last week, the U.S. Court of Appeals for the Seventh Circuit addressed whether a buyer of assets outside of bankruptcy (in this case, from a receivership), takes on successor liability for federal Fair Labor Standards Act ("FLSA") claims made by the employees of the company whose assets it purchases. Although the case arose in a receivership, the Seventh Circuit’s opinion provides important…

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