Legal Opinion
In re Krafft-Murphy Co.
Court of Chancery of Delaware
Decided February 4, 2013No. C.A. No. 6049-VCPPublishedCited by 2 opinions
1Opinion of the Court
OPINION
PARSONS, Vice Chancellor.
This matter is before me on opposing motions for summary judgment and judgment on the pleadings related to a petition for the appointment of a receiver for a dissolved Delaware corporation. The respondent is a former corporation that was involved for decades in the business of plastering and spray insulating. Due to *96the nature of its business, the respondent has been subject to hundreds of asbestos-related tort suits. The respondent dissolved in 1999, seven years after ceasing operations.
The respondent has moved in other courts to dismiss those asbestos-related…
2Cases cited19 opinions
- Kennedy v. Silas Mason Co.Supreme Court of the United States · 1948
- LeVan v. Independence Mall, Inc.Supreme Court of Delaware · 2007
- Schick Inc. v. Amalgamated Clothing & Textile Workers UnionCourt of Chancery of Delaware · 1987
- In Re the Adoption of SwansonSupreme Court of Delaware · 1993
- Centaur Partners, IV v. National Intergroup, Inc.Supreme Court of Delaware · 1990
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3Cited by2 opinions
- Anderson v. Krafft-Murphy Co.Supreme Court of Delaware · 2013
- In RE Appraisal of Ancestry.Com, Inc.Court of Chancery of Delaware · 2015