[ncallaway]

> Also, what happens when an IoT mfr is acquired, does the acquirer assume all the IoT risks as well?

Most other liabilities are inherited during an acquisition. I don't see a good reason for this to be an exception.

It would encourage acquirer's to do much more strict due diligence in this regard, which will have a natural pressure to clean up the behavior of manufacturer's that plan to seek a future exit.

Any exception to liability here seems like a get out of jail free card, for all new manufacturers seeking an exit to behave extremely badly. It also opens the door to corporate shell games, where as soon as a liability is discovered it gets acquired by a thin parent entity to dissolve that liability. I'll leave a comment to that effect as well, but it absolutely seems like this liability should survive an acquisition.