Commercial Law & Contracts, Conflict of Laws, Mergers & Acquisitions

Buyer Beware of Successor Liability For FLSA Claims

by Donna Ray Berkelhammer | Sands Anderson PC on 4/23/2013

Businesses often acquire other businesses through an asset purchase, rather than a stock purchase, so that the buyer does not inherit the liabilities of the seller. Not all business owners realize that federal labor law...more

Buyer Beware: Seventh Circuit Upholds Application of the Federal Common Law Standard of Successor Liability in an Asset Sale

by Bill Berger, Adam Duerr, Gino Maurelli, Matthew Nyberg | Brownstein Hyatt Farber Schreck on 4/15/2013

One of the benefits to structuring an acquisition as an asset deal is that the buyer has the ability to choose the liabilities that it will assume and the liabilities that will remain with the seller, including contingent...more

7th Circuit Holds Successor Liable for FLSA Claims, Despite Buyer’s Disclaimer

by Leo Crowley, Thomas N. Makris, Alexander Parachini, Paula Weber | Pillsbury Winthrop Shaw Pittman LLP on 4/12/2013

In Teed v. Thomas & Betts Power Solutions, LLC, the 7th Circuit in an opinion written by Judge Posner held that, absent a good reason to withhold liability, a purchaser of assets was subject to successor liability for Fair...more

Successor Liability Under The FLSA: Seventh Circuit Holds Purchaser Of Assets From Receiver Of Company Which Had Violated FLSA...

by M. Reid Estes, Jr., Daniel Gosch | Dickinson Wright on 4/11/2013

In a case which is sure to complicate the sale of companies (or discrete divisions thereof) and have widespread influence in other Circuits, the Seventh Circuit recently held that a company which acquired the assets (not...more

Asset Acquisition Comes With Unexpected FLSA Pain

by John Birmingham Jr. | Foley & Lardner LLP on 4/10/2013

Some bargains are not as they seem. An asset-acquiring Company discovered this the hard way in Teed v. Thomas & Betts Power Solutions. In the case, at an auction, Thomas & Betts purchased the assets of a company in...more

Registered Share Capital System in Non-Publicly Traded Joint Stock Companies under the Turkish Commercial Code

by Burak Kepkep on 11/9/2012

This article highlights the legal framework introduced by the new Turkish Commercial Code No 6102 on registered share capital system in non-publicly traded joint stock companies....more

General Assembly of Partners Meeting and Decision Quorum in Limited Liability Partnerships under the Turkish Commercial Code

by Burak Kepkep on 11/9/2012

This note outlines General Assembly of Partners Decision and Meeting Quorums, as amended by the new Turkish Commercial Code No 6102, which entered into force on 1 July 2012....more

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Commercial Law & Contracts › Conflict of Laws › Mergers & Acquisitions

Buyer Beware of Successor Liability For FLSA Claims

Buyer Beware: Seventh Circuit Upholds Application of the Federal Common Law Standard of Successor Liability in an Asset Sale

7th Circuit Holds Successor Liable for FLSA Claims, Despite Buyer’s Disclaimer

Successor Liability Under The FLSA: Seventh Circuit Holds Purchaser Of Assets From Receiver Of Company Which Had Violated FLSA...

Asset Acquisition Comes With Unexpected FLSA Pain

Registered Share Capital System in Non-Publicly Traded Joint Stock Companies under the Turkish Commercial Code

General Assembly of Partners Meeting and Decision Quorum in Limited Liability Partnerships under the Turkish Commercial Code

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