Defendant Sandel purchased the assets of defendant Firesafe Products Corporation (Firesafe). Plaintiff seeks to hold Sandel and GEM, as the alter ego of Sandel, liable for certain loans allegedly made by plaintiff to defendants Firesafe and HTT International, Inc. (HTT).
As a general rule, a corporation that purchases the assets of another corporation is not responsible for the torts of the seller corporation. However, "[a] corporation may be held liable for the torts...
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