Section Newsletter Articles on Successor Liability
7th Circuit successor liability law as extended by Ordonez v. Akorat
Commercial Banking, Collections, and Bankruptcy
, February 2012
In Ordonez, et al v. Akorat Metal Fabricators, Inc., et al, the Northern District provided a roadmap of the federal doctrine of successor liability and gives asset-purchasers guidance on how not to plead a Motion for Summary Judgment asserting that successor liability is inapplicable as a matter of law.