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Showing 1 post in Successor Liability.

Trial Court Finds Broad Assumption of Liabilities in Corporate Minutes Sufficient to Confer Personal Jurisdiction and Impose Liability
Posted on July 13, 2020 by: Shoshana (Suzanne Ilene) Schiller

In a Letter Order issued on July 10, 2020, the United States District Court for the District of New Jersey held that broad language by which an entity assumed the liabilities of a dissolved entity was sufficient to confer both personal jurisdiction and liability on the entity which assumed the obligations. Occidental Chemical Corporation v. 21st Century Fox America, et. al., Civ. Action No. 18-11273 (D.N.J. July 10, 2020). In doing so, the Court brushed aside arguments that the jurisdiction was lacking because the dissolved entity had ceased operations in New Jersey long before the assumption of liability and that the lack of specificity in the assumption precluded a finding that CERCLA liability was included. Read More »