Years later, new owners still owe for old transgressions ? Business ...

Townsend Oil and Propane bought Nichols Oil & Gas in Macedon seven years ago. Turns out, the company also bought liability for harassment committed more than a decade ago by the former owner.

Under the terms of a just-reached settlement, Townsend must pay $150,000 to women who claim they were sexually harassed by the man who owned and ran Nichols Oil & Gas.

According to the women?s complaint to the EEOC, the owner routinely grabbed their breasts and buttocks and lewdly propositioned them. Although the incidents occurred between 1999 and 2003, they weren?t settled until earlier this year. Nine women filed EEOC complaints before the company was sold in 2005.

The court judged Townsend Oil & Propane, as the new owner, an ?innocent purchaser? that was nonetheless a ?successor defendant? liable for the harm the women suffered.

Note: When purchasing a business, always ask about pending complaints or litigation.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/33477/years-later-new-owners-still-owe-for-old-transgressions "

Source: http://www.businessmanagementdaily.com/33477/years-later-new-owners-still-owe-for-old-transgressions

randy travis Allyson Felix Kourtney Kardashian Baby Girl Ashton Eaton London 2012 basketball London 2012 Slalom Canoe Alex Morgan