Kaleta v. Whittaker Corp.

How courts have described this case

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

• noting that “the general rule is that a corporation that merges with another corporation takes on the latter corporation’s obligations and liabilities”
• noting that “the general rule is that a corporation that merges with another corporation takes on the latter corporation’s obligations and liabilities”
• finding no continuity of ownership where seller received a \de minimis\ .00037% stake in buyer
• finding no continuity of ownership where seller received a “de minimis” .00037% stake in buyer
• “Our review of the record has found no evidence of a continuing relationship between Tug and American [Ajirlines with respect to servicing of the 660 line of beltloaders.”
• “[W]ithout continuity of shareholders, it does not appear just to require the successor corporation to assume the liabilities of the predecessor when it has already paid a substantial price for the assets of the predecessor.” (quotation and citation omitted)

Source: CourtListener parenthetical corpus (CC0).