• Delaware Supreme Court Holds that Dissolution Statutes Do Not Extinguish a Dissolved Corporation’s Potential Liability to Third Parties
  • December 16, 2013 | Authors: Charles A. Gilman; Jonathan I. Mark; John J. Schuster
  • Law Firm: Cahill Gordon & Reindel LLP - New York Office
  • The Delaware Supreme Court recently offered new insight into a dissolved corporation’s exposure to liability for third party claims. In Anderson v. Krafft-Murphy Company, Inc., the Court held as a matter of first impression in Delaware that the statutory scheme governing the dissolution and winding up of a Delaware corporation does not contain a general statute of limitations that would shield a dissolved corporation from liability.