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Comment on VPN firm says it didn’t know customers had lifetime subscriptions, cancels them

I find it hard to believe that it’s legal to buy a company, but not it’s contractual obligations. Seems line a hell of a loophole for getting out of things you don’t want to do.

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aramova@infosec.pub ⁨1⁩ ⁨day⁩ ago
Capitalism at work baby

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ture@lemmy.ml ⁨22⁩ ⁨hours⁩ ago
They claim they didn’t bought the contractual obligations, so to be fair they should cancel all subscription and not just the lifetime subscriptions. But obviously it’s just a bullshit claim by some corpo…

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- jonathan@lemmy.zip ⁨21⁩ ⁨hours⁩ ago
  If the customers came across in the transaction, so did the contractual obligations. You can’t have it both ways.
  
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  - Cybrpwca@beehaw.org ⁨28⁩ ⁨minutes⁩ ago
    You can if you have money.
    
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JohnEdwa@sopuli.xyz ⁨16⁩ ⁨hours⁩ ago
Yet it is.

You can go to a company and ask to buy their office building. Or the name trademark. Or staff. Or customer database. Or website. And you continue this until you’ve acquired literally everything the company has except the actual company itself - it’s called an “asset acquisition” - so you get all the stuff, but because the original company technically still exists it’s left with most of the liabilities.

Most, because some liabilities thankfully do transfer.

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festus@lemmy.ca ⁨23⁩ ⁨hours⁩ ago
Probably legal (for the buying company) but customers should sue the original company and get paid out of the money used to buy it.

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- furrowsofar@beehaw.org ⁨16⁩ ⁨hours⁩ ago
  No you probably sue them both.
  
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  - mic_check_one_two@lemmy.dbzer0.com ⁨15⁩ ⁨hours⁩ ago
    Yeah, suing just one or the other will have them deflecting and finger-pointing in court. Suing both forces both of them to actually meet at the same table in front of the judge, instead of one or the other deflecting to some distant entity that isn’t in the courtroom.
    
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cattywampas@lemm.ee ⁨23⁩ ⁨hours⁩ ago
This would almost certainly depend on the contracts themselves.

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- IllNess@infosec.pub ⁨19⁩ ⁨hours⁩ ago
  Contracts always have some bullshit like: “We can do whatever the fuck we want. Service not guaranteed. We have the right to refuse service to anyone. Lifetime is defined by the lifetime of the service which is defined by us. Can change at anytime.”
  
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