Overtime Liability in an Asset Purchase: More than you bargained for


You expect to take on a company's liabilities when you buy it outright. But when you buy a company's assets, you want a clean deal. You certainly don't want any of the selling company's liabilities. What if, after an asset purchase, you had to swallow an overtime lawsuit against dozens the selling company's ex-employees who were demanding unpaid overtime wages?

That's exactly what happened to a company in front of a Houston federal judge.

Please read the rest of the article for details.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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