The common-law rule, which must be applied in this case, precludes the imposition of liability for the seller-corporation's liabilities on the corporation that merely purchased its assets.
October 29, 2009 at 12:00 AM
1 minute read
Einhorn v. M.L. Ruberton Construction Co., Civ. Action No. 06-2511; U.S. District Court (DNJ); opinion by Irenas, S.U.S.D.J.; filed October 26, 2009. DDS No. 56-7-5716 [29 pp.]
Statewide, a heavy-highway construction company, had three collective-bargaining agreements, including two with Local 676. Statewide was required to make contributions to employee pension benefit plans under these agreements. The plans were administered by plaintiff Einhorn.
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