Court of Special Appeals of Maryland· 2/24/2016
Martin v. TWP Enterprises Inc.
Citations
- 227 Md. App. 33
- 132 A.3d 361
- 41 I.E.R. Cas. (BNA) 190
- 2016 Md. App. LEXIS 21
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that the transfer of 12 “instrumental” employees from the predecessor corporation to the successor can be an indicia of 13 continuation
- holding that “the ‘mere continuation’ 14 exception [does] not apply . . . where there [is] no evidence of fraudulent purpose or inadequate 15 consideration” and the acquiring company assumed part of the acquiree’s liabilities
- including adequacy of consideration as one of the five factors in a “mere continuity” analysis
- stating 10 that Maryland courts “assess[] the adequacy of consideration as a factor and consistently f[ind] 11 the exception [does] not apply where consideration was adequate”
- applying successor liability to a transfer of assets involving an LLC
- specifying that consideration must be adequate
Source: CourtListener parenthetical corpus (CC0).
Judges: Berger, Krauser, Leahy
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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