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Commercial Leasing

Newly Formed Company Liable For $1.2M In Back Rent Under Corporate Successor Liability Theory

by Richard D. Vetstein, Esq. September 14, 2009 Commercial Leasing
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Apparently for the first time, a Massachusetts trial judge has used a newly decided corporate successor liability theory to hold a newly formed company responsible for the debts of its predecessor, yielding a $2 million judgment for back rent and interest. The plaintiff in the case, Renaissance Worldwide, had leased space to Sitara Networks, a [...]

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