Can Dissolved Corporations Still Face Future Liability?
- January 30, 2014
- By Allen & Gooch
Dissolved Corporations Can Still be Sued in Delaware The Supreme Court of Delaware concluded that if dissolved corporations have undistributed “property,” a personal injury claim can be pursued. In the Matter of Krafft-Murphy Company, Inc., No. 85, 2013 (November 26, 2013). Krafft-Murphy, a Delaware corporation, dissolved in 1999. Despite the dissolution, tort claimants continued to […]