Federal Case

How courts have described this case

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

• holding that additional equity received because of concealed insolvency was opportunity squandered by corporation’s management
• holding that under Pennsylvania law deepening insolvency “should not be interpreted to create a novel theory of damages for an independent cause of action like malpractice”
• explaining that a non-moving party “must present sufficient evidence to allow a reasonable jury to find in his favor”
• explaining that trial courts consistently disregard “an offsetting affidavit that is submitted in opposition to a motion for summary judgment when the affidavit contradicts the affiant’s prior deposition testimony”
• defining deepening insolvency as the \fraudulent expansion of corporate debt and prolongation of corporate life\ (emphasis added)
• increase in insolvency does not occur when there is a capital infusion, but when the cash subsequently is looted or squandered

Source: CourtListener parenthetical corpus (CC0).