On March 2, 2020, in New Nello Operating Co., LLC v. CompressAir, the Indiana Court of Appeals expanded the so-called “de facto merger” exception to the general rule that when one corporation purchases the assets of another, the buyer does not assume the debts and liabilities of the seller, holding that a lack of continuity of ownership between the seller and the buyer, and the failure to dissolve the seller corporation, are not fatal to a finding of a de facto merger – and thus upholding the buyer’s liability for a judgment rendered against the seller.

On March 2, 2020, in New Nello Operating Co., LLC v. CompressAir, the Indiana Court of Appeals expanded the so-called “de facto merger” exception to the general rule that when one corporation purchases the assets of another, the buyer does not assume the debts and liabilities of the seller, holding that a lack of continuity of ownership between the seller and the buyer, and the failure to dissolve the seller corporation, are not fatal to a finding of a de facto merger – and thus upholding the buyer’s liability for a judgment rendered against the seller.

During this extraordinary time and beyond, the IndyBar is committed to bringing you the information, tools and resources you need to stay informed, stay connected and succeed in the legal profession.

During this extraordinary time and beyond, the IndyBar is committed to bringing you the information, tools and resources you need to stay informed, stay connected and succeed in the legal profession.

During this challenging time, the IndyBar is dedicated to making many of our services, resources and tools available to members online so that you can keep thriving in your practice, even from home!

During this challenging time, the IndyBar is dedicated to making many of our services, resources and tools available to members online so that you can keep thriving in your practice, even from home!

In response to the recent outbreak of Coronavirus Disease (COVID-19) in the United States and particularly in the Southern District of Indiana, the Bankruptcy Court has made changes to its operations. 

In response to the recent outbreak of Coronavirus Disease (COVID-19) in the United States and particularly in the Southern District of Indiana, the Bankruptcy Court has made changes to its operations. 

The IndyBar Legislative Committee is currently monitoring the following commercial and bankruptcy related legislation.

The IndyBar Legislative Committee is currently monitoring the following commercial and bankruptcy related legislation.