California Court of Appeal
FRANKLIN v. USX CORP., A091473
Corporation that purchased assets of selling corporation did not implicitly assume liabilities for successor-in-interest purposes where it also agreed to assume responsibility for performing all of the selling corporations existing contracts. The product line successor rule applies only to product liability actions.
Appellate Information
- Decided 03/05/2001
- Published 03/02/2001
Judges
- WALKER, J.
Court
- California Court of Appeal
Counsel
- For Appellees:
- Drath, Clifford, Murphy, Wennerholm & Hagen, John M. Drath, Rick J. Murphy, David F. Beach, Oakland, CA, Becherer, Kannett & Schweitzer, Patrick J. Becherer, Emeryville, CA, Baughman & Associates Co., LLP, R. Patrick Baughman, Susan S. Henderson, Eileen M. Joyce, Cleveland, OH, Raymond Bacerdo, San Francisco, CA, for defendant and appellant., Kazan, McClain, Edises, Simon & Abrams, Simona A. Farrise, James L. Oberman, Andrea Huston, Oakland, CA, for plaintiffs and respondents.