Association of Mill & Elevator Mutual Insurance Co. v. Barzen International, Inc.

How courts have described this case

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

• concluding that a parent corporation could not be held liable for a subsidiary where the subsidiary was sufficiently capitalized, observed corporate formalities, and kept its own corporate records
• concluding that a parent corporation could not be held liable for a subsidiary where the subsidiary was sufficiently capitalized, observed corporate formalities, and kept its own corporate records
• noting that insolvency is frequently present when party seeks to pierce veil of corporation that has ceased operating
• paying down secured line of credit to bank creditor during liquidation is not impermissible preference and does not constitute breach of fiduciary duty to unsecured creditors
• declining to pierce the veil where most of the Victoria Elevator factors reflect corporate separateness
• refusing to pierce the corporate veil to hold a parent company liable for using funds from liquidating a subsidiary to pay down a bank’s secured loan instead of unsecured debt owed to the plaintiffs

Source: CourtListener parenthetical corpus (CC0).