The U.S. District Court for the District of Massachusetts ruled that the Massachusetts Insurers Insolvency Fund could not pierce the corporate veil or impose successor liability on a corporation that purchased the assets of another corporation, which was the subject of workplace injury claims based on exposure to asbestos and whose liability insurers had become insolvent.
Beacon Sales Company, Inc. (BSC) sold nearly all of its assets to the defendant Beacon Sales Acquisition, Inc., (BSAI) a subsidiary of defendant Beacon Roofing Supply, Inc. (BRS), in …
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