strict foreclosure

[lana88]

What is the name of your state (only U.S. law)? CA

A record label went into "Strict Foreclosure" and assigned all of its assets to a new creditor. They never notified the artists of their intention. The label re-emerged under a different name (but the same address/principle). Was there really no requirement on their part to notify the artists? What are the legalities around the "secured creditors" and "unsecured creditors"?

Is their failure to give notice grounds for filing a complaint for back royalties, reversion of rights and damages?

 

[FlyingRon]

There's most likely no requirement they give you notice. The contracts are almost certainly assignable to a new company. If you are due back royalties, you are due back royalties, I don't see how the notice changes that.