Successor Company Liability: Could You be Responsible for the Product Defects of Your Predecessor?
Tishkoff
JUNE 14, 2017
Good news for companies that have recently bought or are considering buying another company: the Sixth Circuit recently ruled that successor companies may not be held liable for the predecessor company’s product defects. In Holland v. FCA U.S. , LLC, No. 15-4367 (6 th Cir. 2016) defendant FCA succeeded Chrysler Group LLC after Chrysler Group filed bankruptcy.
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