News & Analysis as of

Product Defects Acquisitions

Seward & Kissel LLP

Exacting Revenge, Best and Final, and Out At Home?

Seward & Kissel LLP on

Implant maker Exactech may conclude bankruptcy without TPG settlement | Reuters - Medical implant maker Exactech adjourned its Chapter 11 plan confirmation hearing on Wednesday, delaying proceedings that would have...more

Allen Matkins

Court Of Appeal Finds No Successor Liability Following Purchase Of Assets

Allen Matkins on

Buyers of assets typically like to pick and choose the assets and liabilities that they will acquire. In general, the law permits this. Thus, a corporation that purchases the principal assets of another corporation, will not...more

Cozen O'Connor

8th Circuit Reverses to Uphold Successor Liability Defense, Highlighting The Importance of Consistent, Clear Descriptions Of...

Cozen O'Connor on

On April 5, the Court of Appeals for the Eighth Circuit wiped out a jury verdict in a products liability action and $13 million punitive damages award against a manufacturer and its wholly owned subsidiary on the basis that...more

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