Liquidators have more certainty about their ability to disclaim the environmental liabilities and responsibilities of a company in liquidation.
The liquidators were not bound to cause Linc to comply with the EPO from the date of the disclaimer.
Customer information has become an increasingly valuable business asset. And, the volume and detail of other available information about consumers has increased along with it, well beyond mere customer names and addresses to preferences, purchasing history, and online activity. This means that when a business is sold, customer information is often sold along with it. But careful diligence is required in handling this intangible asset, and the recent settlement in the RadioShack bankruptcy case is instructive.