Credit Managers Ass'n of Southern California v. Federal Co.

How courts have described this case

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

• financing company’s agreement to lend further amounts supports finding that the company was not undercapitalized, even though adjusted projections showed negative cash flow
• considering value of licenses, which could not be sold, because they produced a stream of income and “have some value”
• financing company’s agreement to lend further amounts supports finding that the company was not undercapitalized, even though adjusted projections showed negative cash flow
• looking at whether projected cash flows were reasonable when made, not whether they ultimately panned out
• management’s services not fair consideration when no identifiable monetary value
• appropriate inquiry is whether the target \received anything of value\

Source: CourtListener parenthetical corpus (CC0).