Legal Opinion
Edwards Company, Inc. v. Monogram Industries, Inc., Monotronics, Inc. And Entronic Company
Court of Appeals for the Fifth Circuit
Decided April 23, 1984No. 82-2019PublishedCited by 46 opinions
1Opinion of the Court
RANDALL, Circuit Judge:
This case involves an attempt by Edwards Company, Inc.1 to pierce the corporate veil of Monotronics, Inc. in order to hold its parent corporation, Monogram, Inc.,2 liable for $352,000 in debt of Monotronics owed to Edwards.3
After a bench trial, the district court, applying Texas law in this diversity case, refused to pierce Monotronics’ veil. It held that “[Edwards] has failed to show that Monotronics was incorporated for an illegal, fraudulent, or improper purpose, that Monogram employed inequitable means to place [Edwards] in a position of disadvantage, or that…
2Cases cited25 opinions
- Drye v. Eagle Rock Ranch, Inc.Texas Supreme Court · 1963
- Anderson v. AbbottSupreme Court of the United States · 1944
- Gentry v. Credit Plan Corporation of HoustonTexas Supreme Court · 1975
- Minifie v. RowleyCalifornia Supreme Court · 1921
- Bell Oil & Gas Co. v. Allied Chemical Corp.Texas Supreme Court · 1968
20 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- Mancorp, Inc. v. CULPEPPEERTexas Supreme Court · 1990
- In the Matter of S.I. Acquisition, Inc., Debtor. S.I. Acquisition, Inc. v. Eastway Delivery Service, Inc.Court of Appeals for the Fifth Circuit · 1987
- United States v. Jon-T Chemicals, Inc., and Lewis M. Overton, Jr., Receiver for Jon-T Chemicals, Inc.Court of Appeals for the Fifth Circuit · 1985
- Gibraltar Savings, Cross-Appellant v. Ldbrinkman Corp., Cross-Appellee, and Lloyd D. Brinkman, Defendant-CrossCourt of Appeals for the Fifth Circuit · 1988
- Southeast Texas Inns, Inc. v. Prime Hospitality CorporationCourt of Appeals for the Sixth Circuit · 2006
41 more not listed; retrieve them via the Exa API.