Successor Liability
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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