Academy of Irm v. LVI Environmental Services, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that successor liability will exist where the “successor entity is a mere continuation or reincarnation of the predecessor entity .... ” (citations and internal quotations omitted)
• finding that creditor taking over insolvent debtor to collect bona fide debt pursuant to valid, perfected security interest constituted sufficient 10 consideration from purchaser to seller
• rejecting mere continuation theory where no shareholder of predecessor corporation held any ownership interest in successor and “only transfusion from old to new was at the level of employees”

Source: CourtListener parenthetical corpus (CC0).