Any lawyers there answer this hypothetical case?
Bill Smith Electronics build some amplifiers: a wiring fault means that a production batch are potentially lethal if someone goes inside. Bill Smith Electronics goes broke: the design rights are bought from the liquidators by John Doe Electronics who makes the amplifiers but without the design fault. John Doe Electronics goes into liquidation and ceases trading and the design rights are sold by the liquidators to Fred Smith Radio, who build the amps without the faults.
Who is legally liable in the US if a Bill Smith amplifier kills or injures someone?
Let me guess….. Uh, THE INJURED PERSON IS RESPONSIBLE! Even a toaster is "potentially lethal if someone goes inside." Let's get some personal responsibility here and leave the lawyers to help the poor and vulnerable population -- those who really need it….
I am going off to stick some wires in an outlet and make some sparks now…