LIVERPOOL'S parent company
owned by Tom Hicks and George Gillett suffered a pounds 42.
3 /PRNewswire-FirstCall/ -- The Parent Company
, a leading commerce, content and new media company for growing families, today announced a new partnership with Personal Shopper, Inc who will market select toys and baby products from The Parent Company
through catalogs, websites and in-store promotions.
Admiral Construction together with (for alleged infringements from October 31, 2003) its ultimate parent company
A C Holdings
A recent Florida court case involving a nursing home and its out-of-state parent company
could have important ramifications for the litigation-weary long-term care industry, reports the Mager Law Group, which represented the defense in the case.
For example, using the same schematic, if the auditor of Company A is not the auditor for Company B, the Parent Company
or the consolidated entity, it might be possible for the auditor of Company A to conclude that provision of prohibited services to the Parent Company
would not impair his/her independence related to Company A.
Managers at the parent company
can oversee the subsidiaries with minimal management staff, as compared to each subsidiary having its own management staff.
Lee Reicher, CPA, attorney and managing partner of the Los Angeles law firm Reish Luftman McDaniel & Reicher, says that liabilities and creditor claims of a subsidiary are "trapped" in that subsidiary and can't be passed on to the parent company
This category also includes claims (38) on, or guaranteed by, a qualifying securities firm incorporated in the United States or other member of the OECD-based group of countries (39) provided that: the qualifying securities firm has a long-term issuer credit rating, or a rating on at least one issue of long-term debt, in one of the three highest investment grade rating categories from a nationally recognized statistical rating organization; or the claim is guaranteed by the firm's parent company
and the parent company
has such a rating.
I am particularly pleased that this agreement requires Edison's parent company
to foot part of the bill.
Mission Bufete Constructors was on a building tear in Texas--until its Mexican parent company
ran into trouble with its creditors.
In that case, the parent company
may be able to timely reverse its LLC formation and qualify for the exemption.
To add insult to injury, different courts applied different standards of liability, thus making it difficult for a parent company
to take actions to insulate itself from liability.