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Re: HeyItsTheChad post# 17286

Thursday, 04/18/2013 10:28:34 AM

Thursday, April 18, 2013 10:28:34 AM

Post# of 34566
It depends on what is the Court action about.

Business deals can still go ahead with a codicil that will place the responsibility of legacy claims and court actions on the original owners.

Even big company takeovers there are always legacy issues: outstanding debts, lawsuits, pollution claims, US Government claims etc.

If they wait till a company is free of encumbrances, there will hardly be any takeovers.

That is why lawyers are earning such nice fees, sorting out what is in the Trash Bin.
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