GORDON CHEMICAL CO. INC. v. Aetna Casualty & Surety Co.

How courts have described this case

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

• stating that “ownership of all the stock and the absolute control of the affairs of a corporation do not make that corporation and the individual owner identical, in the absence of a fraudulent purpose in the organization of the corporation”
• acknowledging that “ ‘the policy [of insurance (Business Interruption
• rejecting insurer’s argument that all corporations named as insured on policy should be treated as one entity under policy when calculating loss of net profits under a business interruption policy after destruction of one subsidiary’s manufacturing facility
• “It is only where the corporation is a sham, or is used to perpetuate deception to defeat a public policy, that it can be disregarded.”
• insurance policy disclosed no intention to treat separate corporations as a single entity for insurance purposes, either when policy was entered into or subsequently
• ownership of all stock in several corporations by one person does not create single unit; “[different corporations usually are distinct entities in law”

Source: CourtListener parenthetical corpus (CC0).