Penny L. Springer v. Nohl Electric Products Corporation

*442¶ 1 When one company purchases the assets of another, our law normally does not *443make the former responsible for the latter's liabilities. There are exceptions to that rule, however, such as when the parties use the transaction to fraudulently escape responsibility for those liabilities. Notwithstanding the great age of this common-law exception to successor non-liability, we have had scant occasion to provide guidance on how to recognize such transactions. We take the opportunity to do so today.1 Specifically, we conclude that the Wisconsin Uniform Fraudulent Transfer Act does not govern the…