Panther Pumps & Equipment Company, Inc., Now Morrison Pump Co., Inc. v. Hydrocraft, Inc., Paul W. Schlosser and Edward Drath

How courts have described this case

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

• allowing the substitution of a corporation’s president under Rule 25(c) and holding him personally liable for the full judgment where he had fraudulently attempted to avoid the judgment by transferring the defendant-corporation’s assets to a new corporation
• \(y)ou are requested to appear . . . to review the evidence in (the) case . . .\
• substitution sought because a non-party purchased the defendant’s stock and drained off its only significant asset
• denial of motion to substitute is reviewable once there is a final decision
• “The very nature of Rule 25(c) vests a great deal of discretion in the hands of the court. It is not mandatory that a substitution be made in every case of a transfer of interest.”
• where entire business transferred to successor, court found successor liable

Source: CourtListener parenthetical corpus (CC0).