Federal Case

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 corporation cannot bring an alter ego action against its shareholder under Arkansas law
• recognizing that upon bankruptcy filing, any unresolved cause of action passes to the trustee who is authorized to assert claims of the estate
• holding that the rights afforded the trustee by section 544 exist without regard to any knowledge of the trustee
• holding that trustee could not pursue alter ego claim to pierce its own corporate veil where state law did not permit corporation to pierce its own veil and claim therefore belonged to the estate’s creditors
• stating that, with respect to real estate, section 544 confers upon the trustee the rights of a bona fide purchaser
• determining that Arkansas law would not allow a corporation to pierce its own veil

Source: CourtListener parenthetical corpus (CC0).