Fw. Morgan et Ab. Saviers, THE PRODUCT LIABILITY RESPONSIBILITIES OF SUCCESSOR CORPORATIONS, Journal of public policy & marketing, 16(2), 1997, pp. 327-335
The liability of firms that merge with, take over the assets of, or ac
quire the products of other companies is governed by the terms of the
asset purchase agreement and the behavior of the firms subsequent to t
he agreement. Here, the authors review, these two aspects of mergers a
nd acquisitions and discuss the public policy and managerial implicati
ons of holding successor firms liable. The authors show that courts re
cently have expanded corporate liability under two of the six approach
es available for making organizations take responsibility for injuries
associated with the predecessor firm's products.