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Tag Archives: Business

Federal assistance may prolong bankruptcy filings (access required)

With businesses closed, employees furloughed and sales plummeting, there will almost certainly be an increase in bankruptcy filings as a result of the pandemic. But with the recent outpouring of federal financial support, attorneys say the uptick in “COVID-caused” bankruptcy ...

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Alternate date to value corporate shares denied (access required)

Where defendant elected to buy plaintiff’s shares in a jointly owned company after plaintiff filed a dissolution action, the court denies defendant’s motion to set an alternate valuation date. The statutory valuation date, which is the day before plaintiff filed ...

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Direct or alter-ego theory not available in furniture store dispute (access required)

The plaintiff, a retail furniture store in North Carolina, failed to establish jurisdiction over the two individuals who sold it the business. Neither of the two sellers assumed individual obligations in the supply agreement, which was the basis of the ...

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