Quote:
Originally Posted by rjm1cc
When the companies were merged all the assets and LIABILITIES of both companies are included in the new company. That is what was done. The new company is liable for any problems of the old company.
It is also possible for a company to buy some or all of the assets of a company and to assume some of the known liabilities. This probably leaves the problems you mention with the original company but I am not sure.
|
Monsanto probably had some insurance covering claims that arose out of the years of exposure. There are probably a number of policy years and quite possible a number of different carriers that will be providing coverage for some of these claims.