Essay About Steven Fishman And Salem Witch Trials

Facts: Appellee and Steven Fishman – Feld – Essay – Raghav Jha
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Facts: Appellee and Steven Fishman – Feld
Facts: Appellee and Steven Fishman formed ‘FELD’ as a limited liability corporation in 1998, to pursue business opportunities in the nursing home industry with equal percentage of interest. At the time of its formation, FELD had no assets and no business and its sole purpose is to hold the stock of 22 Acquisition. FELD did not follow the formal corporate customs like holding a bank account, having employees and business meetings. FELD observed the formalities required to form an LLC in Pennsylvania and hence it acquired the status of a limited liability company (LLC) and its role was only limited till maintaining the stocks of 22 Acquisition. Healthcare Financial Partners (“Healthcare Financial”) and Complete Care Services (“CCS”) proposed the creation of 22 Acquisition as a vehicle to acquire leasehold interests in nursing homes and to save an otherwise sinking investment made by Healthcare Financial.

In October 1998, FELD entered into an agency agreement with 22 Acquisition. The agreement made 22 Acquisition the agent for FELD in all business affairs and provided 22 Acquisition would act solely at FELD’s direction. Healthcare Financial was also a lender to Chart well Enterprises, an entity that held operating leases for fifteen nursing homes in Florida and Texas. Sometime in 1998, 22 Acquisition obtained the leasehold interests to the nursing homes formerly run by Chartwell. Appellee and Mr. Fishman did not invest any money to acquire the nursing homes or receive funds directly from FELD, CCS, or the individual nursing homes.Neither Appellee nor Mr. Fishman personally guaranteed any of the therapy contractsbetween CCS (on behalf of 22 Acquisition) and NovaCare. CCS managed all payments and made the decisions as to which vendors would be paid and which would not. NovaCare was among the vendors that did not receive payments during this period and the time of termination in May 1999 the time of termination in May 1999 the nursing home facilities owed NovaCare $752,232.61.hencce, NovaCare subsequently filed suit against 22 Acquisition and FELD in the Montgomery County Court of Common Pleas to collect on the unpaid therapy services.

Issue: In 2005, NovaCare obtained two separate judgments against 22 Acquisition and FELD for $1,960,781.39 and in the same month, Appellants filed a complaint against Appellee and Mr. Fishman to pierce the corporate veil of FELD and enforce the judgment against Appellee and Mr. Fishman personally. Mr. Fishman settled out of court in 2008, and the case proceeded to a bench trial against Appellee in January 2009. After the trial concluded, the court issued an order, with supporting opinion containing findings of fact and conclusions of law, and refused to pierce the corporate veil of FELD and On July 15, 2009, the court entered final judgment on the docket.But NovaCare was

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(2017, 08). Facts: Appellee and Steven Fishman – Feld. EssaysForStudent.com. Retrieved 08, 2017, from
“Facts: Appellee and Steven Fishman – Feld” EssaysForStudent.com. 08 2017. 2017. 08 2017 < "Facts: Appellee and Steven Fishman - Feld." EssaysForStudent.com. EssaysForStudent.com, 08 2017. Web. 08 2017. < "Facts: Appellee and Steven Fishman - Feld." EssaysForStudent.com. 08, 2017. Accessed 08, 2017. Essay Preview By: Raghav Jha Submitted: August 15, 2017 Essay Length: 742 Words / 3 Pages Paper type: Essay Views: 496 Report this essay Tweet Related Essays Steven Allan Spielberg Steven Allan Spielberg was born December 18, 1946, in Cincinnati, Ohio, to parents Arnold, an electrical engineer, and Leah, a former concert pianist. Spielberg was 1,098 Words  |  5 Pages The Salem Witch Trials: Fact or Fiction The Salem Witch Trials: Fact or Fiction American history is a collaboration of all of the wonderful events and the not so successful ones that 1,373 Words  |  6 Pages Lewis and Clark (quick Facts) 1. Lewis was shot by one of his own men. Pierre Cruzatte, who could not see well, shot Lewis through the buttocks on August 11, 363 Words  |  2 Pages Facts Controllers ABSTRACT With the ongoing expansion and growth of the electric utility industry, electricity has become a highly engineered product; it is increasingly being considered and 2,704 Words  |  11 Pages Similar Topics Abortion Facts Cruelty Columbus Fact Fiction Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter