Mergers, Acquisitions, Spin-offs And Successor Liability:
It Is Really Not As Straightforward As You Think

photo-1About the Authors

Patrick J. Lamb is a partner and Suzanne M. Walton an associate with Butler Rubin Saltarelli & Boyd, a Chicago litigation firm. Both practice in the firm's Legacy Liability Practice Group, a practice area focusing on liabilities that were acquired in corporate transactions, previously divested, or for which there are contractual photo-2or other indemnities. The views expressed are personal to the authors.

Section I: Introduction

The 1980s and 1990s were decades of substantial merger and acquisition activity. Indeed, the phrase "maximizing shareholder value," a business euphemism used when companies are looking for …