Bass Berry & Sims Labor Talk

Monthly Archives: April 2013

Successor Liability in “Asset Deal” Extends to Wage/Hour Liability

Posted in Wage and Hour Law and Practice

The Seventh Circuit recently held that a purchaser in an “asset deal” of a business in receivership was found to be a successor employer for the purposes of a $500,000 wage/hour settlement. The liability was imposed on the purchaser even though the contract formalizing the asset deal expressly excluded that liability. Teed v. Thomas &… Continue Reading