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[QUOTE]Originally posted by glassman: [QB] Corporations enjoy all kinds special privileges and these will be taken advatage of to the hilt: [b] Successor Liability and Corporate Shell Games Not so Fast-- Successor Liability and Corporate Shell Games Posted on March 24, 2008 by Josh Knapp Under Pennsylvania law, it is well established that “when one company sells or transfers all of its assets to another company, the purchasing or receiving company is not responsible for the debts and liabilities of the selling company simply because it acquired the seller’s property.” Continental Ins. Co. v. Schneider, Inc., 582 Pa. 591, 599, 873 A.2d 1286, 1291 (2005). [/b] [/QB][/QUOTE]
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