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COBRA and Asset Deal Involving Seller in Bankruptcy Proceedings


Guest Edward McElroy

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Guest Edward McElroy

Company A is considering purchasing substantially all of the assets of Company B. Company B is currently involved in liquidation proceedings under the bankruptcy laws. Following the asset purchase, Company A will terminate 10% of the employees formerly employed by Company B. Does Company A have any successor liability with respect to providing these individuals with COBRA coverage. Any thoughts? Thanks. Ed

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