Are there any conditions on that? Could they take all the data/IP/etc and open up under another name?

see link I posted above. not quite simple.

There is more than one legal form of union-busting. They could’ve reorganized departments and “eliminated positions,” but instead they chose to throw everyone out on the street as collective punishment to send a message.

This is why reporters need to form independent, co-op, subscribers-funded news in order to avoid the strings and slavery of corporate advertisers and exploitative owners. Corporate news doesn’t work.

Wow. It's rulings like this that have driven jobs to other countries. You should always have the option to legally shutter your business and liquidate its assets.

Members of the union would then be free to collectively band together and purchase such assets if made available for sale as a whole.