Unfortunately, no there is no precedent that would halt the sale. When a new company comes in and purchases an existing company they purchase their assets and liabilities and the new company becomes liable for the suit and defending it or settling it. At this point your attorneys will be monitoring the sale (or should be) to ensure that the old company does not try to simply sell off only assets and then seek to file bankruptcy
(which actually would be illegal and not approved, but you would be amazed that there are a handful of companies that still try that silly stuff). If the new company has bought the old company out, they will become liable for managing the litigation and paying on it if they lose.
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