Business purchasers must consider federal statutes in addition to merely following state precedents that provide a guide to preventing successor liability. Some federal obligations may continue regardless of the careful structuring of the business purchase.
In an industry that is constantly adapting and redefining the way news is gathered and disseminated, what happens when an employee falls victim to one of these layoff announcements? According to one of New York's leading employment lawyers, a whole lot. And it doesn't have to be all bad.