Celestica, LLC v. Communications Acquisitions Corp.

After a bench trial, the court denied plaintiff Celestica, LLC’s request for a declaration that defendant Communications Acquisitions Corporation d/b/a Whaleback Managed Services (CAC) was obligated to pay the balance of a judgment that Celestica had obtained against another business, the assets of which CAC had purchased at public auction. Specifically, the trial court ruled that, when CAC purchased the assets of Whaleback Systems Corporation, the transaction did not amount to a de facto merger between the two companies. On appeal, Celestica argued that the trial court erred by not imposing successor liability upon CAC under the de facto merger doctrine. Finding no reversible error, the Supreme Court affirmed. View "Celestica, LLC v. Communications Acquisitions Corp." on Justia Law