Aeronca, Inc. v. Style-Crafters, Inc., and Gladding Corporation

WIDENER, Circuit Judge:

Aeronca, Inc., an Ohio corporation with a usual place of business in Charlotte, North Carolina, brought this suit to recover $26,928.20 alleged to be due it as successor to Microtron Corporation from Microtron’s former subsidiary, Style-Crafters, Inc., on an intercompany account. Gladding Corporation was named as a defendant since, after buying the stock of Style-Crafters from Microtron, Gladding dissolved Style-Crafters and received all of its assets in dissolution. Gladding has asserted two counterclaims. The first sought a recovery of $14,023.51 for breaches of…