I find it hard to believe that it’s legal to buy a company, but not it’s contractual obligations. Seems line a hell of a loophole for getting out of things you don’t want to do.
Probably legal (for the buying company) but customers should sue the original company and get paid out of the money used to buy it.
No you probably sue them both.
Yeah, suing just one or the other will have them deflecting and finger-pointing in court. Suing both forces both of them to actually meet at the same table in front of the judge, instead of one or the other deflecting to some distant entity that isn’t in the courtroom.
Also would have been nice if the buyers hadn’t waited years after finding out to announce it, giving the seller plenty of time to shut down the original company. There is nothing to sue now.
