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8th Circuit: Ronnoco Coffee not on hook for debts after sale

A panel of the 8th U.S. Circuit Court of Appeals ruled Sept. 19 that St. Louis-based Ronnoco Coffee, which in 2015 bought an unrelated competitor’s assets at a bank foreclosure sale, had no successor liability for inventory purchases the competitor had made before the sale. “We’re pleased that the 8th Circuit affirmed summary judgment for our ...