Voip Pal Com Inc (VPLM)

[CharmQuark]

It depends on the type of purchase that takes place.

If they buy the stock then the liability, contingent or otherwise, tags along with the stock.

If they buy assets, they specify the assets and liabilities they are acquiring and the remaining assets and liabilities, contingent or otherwise, remain in a corporate shell that receives the proceeds from the sale. The net assets in the shell would be available to settle any debt or other liabilities contingent or otherwise.

In either case though, Twitter would, IMO, have to make the acquirer aware of the VPLM lawsuit regardless of the lawsuit's status.