Successor Liability

Posted on September 23, 2004 by Scott I. Unger
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Portfolio Financial Servicing Co., etc. v. Sharemax.com, Inc., et al

The United States District Court for the District of New Jersey granted the defendant's motion for summary judgment in a case which evolved from an alleged breach of a commercial lease. The court held that Sharemax.com was not liable for the debts of its now-defunct parent under either the doctrine of successor liability or the doctrine of corporate alter ego.

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Phyllis Wallington - June 29, 2005 9:33 PM

Looking for case law re: stock holder of C predecessor corp attempting to redeem said stock of new successor C corp

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