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Seventh Circuit extends FLSA successor liability to asset purchaser

The U.S. Court of Appeals for the Seventh Circuit became the second federal appellate court to extend successor liability under the FLSA to an asset purchaser. In Teed et al, v.

USA, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Baker Donelson Bearman Caldwell & Berkowitz PC, Fair Labor Standards Act 1938 (USA), Seventh Circuit