Blankenship v. United States

How courts have described this case

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

• \[A] corporate successor can no longer avoid liability by simply structuring a cash-for-assets sale.\
• \[A] corporate successor can no longer avoid liability by simply structuring a cash-for-assets sale.\
• “[T]he more modern view of New Jersey law . . . no longer require[es] continuity of shareholder interest.”
• continuity of management existed where signatory to asset purchase agreement “assumed management over the business operations” that were sold to the buyer corporation
• \[a] vacated judgment bears no conclusive effect on the underlying action; therefore ... it has no status as a final judgment for purposes of other actions\
• to determine whether a company is a “mere continuation” of a prior entity, courts consider “continuity of . . . general business operations” and “assumption by the successor of the liabilities ordinarily necessary for the uninterrupted continuation of the predecessor”

Source: CourtListener parenthetical corpus (CC0).