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THE LTD., INC. v. McCRORY CORP.

169 A.D.2d 605 (1991)

The Limited, Inc., et al., Appellants, v. McCrory Corporation et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

January 29, 1991

This action concerns liability for certain New York State franchise taxes which were incurred by Lerner Store Corp. and its wholly owned subsidiaries (Lerner Group) during the period from 1974 to 1985, while it was a wholly owned subsidiary of defendant McCrory Corporation (McCrory). During the periods relevant herein, McCrory was a subsidiary of defendant Rapid American Corporation, which was, in turn, a subsidiary of defendant...

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