4 ms·

Well the old company fired them, and the old company is now owned by the new company then.

• paxys 8y ago
  > and the old company is now owned by the new company That isn't necessary. The old company could legally just cease to exist, with its assets transferred over to another entity.
  • deleted 8y ago
    [deleted]
  • wool_gather 8y ago
    Liabilities also transfer.
    • randallsquared 8y ago
      If they're bundled somehow, sure. Otherwise, the owners of the old company could choose to retain those liabilities and sell only the assets, could they not?
      • mbillie1 8y ago
        Then the old company would still have fired them.
      • yardie 8y ago
        The sale is not complete until debts and liabilities are settled. So either way, unemployment was going to be paid.