Legal Opinion
Lefever v. K.P. Hovnanian Enterprises, Inc.
Supreme Court of New Jersey
Decided July 29, 1999PublishedCited by 32 opinions
1Opinion of the Court
The opinion of the Court was delivered by
OHERN, J.
This appeal concerns the meaning of the product-line exception in Ramirez v. Amsted Industries Inc., 86 N.J. 332, 431 A.2d 811 (1981), when a successor corporation acquires the predecessor’s product line through a bankruptcy sale.
The general rule of corporate-successor liability is that when a company sells its assets to another company, the acquiring company is not liable for the debts and liabilities of the selling company simply because it has succeeded to the ownership of the assets of the seller. Traditionally, there have been only four…
2Cases cited29 opinions
- MacPherson v. . Buick Motor Co.New York Court of Appeals · 1916
- Henningsen v. Bloomfield Motors, Inc.Supreme Court of New Jersey · 1960
- Ray v. Alad Corp.California Supreme Court · 1977
- Turner v. Bituminous Casualty Co.Michigan Supreme Court · 1976
- Ramirez v. Amsted Industries, Inc.Supreme Court of New Jersey · 1981
24 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- In Re Emoral, Inc.Court of Appeals for the Third Circuit · 2014
- Envirofinance Group, LLC and Earthmark Nj Kane Mitigation, llc v. Environmental Barrier Company, LLCNew Jersey Superior Court Appellate Division · 2015
- Funai Electric Co., Ltd. v. Daewoo Electronics Co., Ltd.Court of Appeals for the Federal Circuit · 2010
- Baker v. National State BankSupreme Court of New Jersey · 1999
- Morgan Olson L.L.C. v. Frederico (In Re Grumman Olson Industries, Inc.)District Court, S.D. New York · 2012
27 more not listed; retrieve them via the Exa API.