Successor Liability

Portfolio Financial Servicing Co., etc. v. Sharemax.com, Inc., et al – District Court New Jersey granted the defendant’s motion for summary judgement 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.

Patents

New Jersey Institute of Technology v. Medjet, Inc –
The United States District Court for the District of New Jersey dismissed plaintiff’s patent claim against the defendant. In the suit, the plaintiff claimed that the defendant failed to identify one of its employees as a co-inventor. Ultimately, the court ruled that the plaintiff failed to prove the employee’s contribution with clear and convincing evidence.

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