corporate sandwich
Company A starts Company B. Company B takes non-monetary asset from Company A (patent) and runs business all through Company A expenses. Company B effectively runs Company A and Bankrupts it. Do creditors of Company A have any claim on Company B assets that were taken from Company A by Company B where the decision makers are the same for both companies?
Asked on 7/26/08, 4:03 pm
1 Answer from Attorneys
Johm Smith
tom's
Re: corporate sandwich
It sounds like creditors could sue owners and both companies.
Answered on 7/28/08, 3:19 pm
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