McCrory v. Greenerd Press & Machine

District Court, D. New Hampshire·Decided December 17, 1993·No. CV-92-179-B·Published

Opinion

McCrory v. Greenerd Press & Machine CV-92-179-B 12/17/93

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW HAMPSHIRE

Tammy McCrory

v. Civil No. 92-179-B

Greenerd Press and Machine Co., Inc., et. al.

O R D E R

Before the court in this products liability, negligence and

breach of express and implied warranties action is the motion of

defendant Greenerd Press and Machine Co., Inc. ("Greenerd Press")

for summary judgment. Defendant asserts that (1) it is not a

successor in liability to the manufacturer of the product that

caused plaintiff's injuries, and (2) the statute of limitations

has run with respect to the plaintiff's breach of warranty

claims. For the reasons stated below, defendant's motion is

granted in part and denied in part. I . Factual Background1

On April 16 , 1989, Tammy McCrory sustained serious injury to

her left hand while operating a pinning machine at her job for

the Emerson Electric Company in Rogers, Arkansas. Greenerd Arbor

Press Company ("Greenerd Arbor"), a New Hampshire Corporation, is

alleged to have sold or otherwise distributed the machine in

guestion to Emerson Electric in 1953.

Plaintiff alleges that Greenerd Press is liable as a

successor corporation to Greenerd Arbor because: (1) on

September 28, 1962, Calculagraph Company ("Calculagraph") signed

an agreement to purchase certain assets of Greenerd Arbor; and

(2) in October 1962, Greenerd Arbor assigned its right, title and

interests in this agreement to the defendant, Greenerd Press.

1 I assess defendant's motion according to the following standard: Summary judgment is appropriate "if the pleadings, depositions, answers to interrogatories, and admissions on file, together with the affidavits, if any, show that there is no genuine issue as to any material fact and that the moving party is entitled to judgment as a matter of law." Fed. R. Civ. P. 56(c). The burden is upon the moving party to aver the lack of a genuine, material factual issue, Finn v. Consolidated Rail Corp., 782 F.2d 13, 15 (1st Cir. 1986), and the court must view the record in the light most favorable to the non-movant. Oliver v. Digital Equip. Corp., 846 F.2d 103, 105 (1st Cir. 1988) . If a motion for summary judgment is properly supported, the burden shifts to the non-movant to show that a genuine issue exists. Donovan v. Aqnew, 712 F.2d 1509, 1516 (1st Cir. 1983) .

2 Plaintiff alleges that Calculagraph assumed Greenerd Arbor's

liabilities pursuant to the Asset Purchase Agreement and that

Greenerd Press succeeded to these liabilities when it obtained

the assignment of Calculagraph's interest in the Asset Purchase

Agreement.

II. Discussion

A. Successor Liability- Counts I & II

Defendant first claims that no triable issue exists as to

whether Greenerd Press is a successor in liability to Greenerd

Arbor. In considering this claim, I first examine New Hampshire

law governing successor liability claims. Because plaintiff's

successor liability claim is based upon her construction of the

Asset Purchase Agreement, I next consider New Hampshire law

governing the interpretation of contracts.2 Finally, I review

the Asset Purchase Agreement itself.

2 The parties have assumed that New Hampshire law governs this motion for summary judgment. In light of this assumption, and because New Hampshire law bears at least a "reasonable relation" to the dispute, I accept the parties' resolution of the guestion without conducting an independent examination of the choice of law issue. See Bird v. Centennial Insurance Company, 1993 WL 485781, *6 n.5 (1st Cir. 1993) (citation omitted).

3 1. Successor Liability

Generally, "a company which purchases the assets of another

company is not liable for the debts and liabilities of the

transferor." Dayton v. Peck,Stow and Wilcox Co., 739 F.2d 690,

692 (1st Cir. 1984) (citations omitted); John S. Boyd Co. v.

Boston Gas C o ., 992 F.2d 401, 408 (1st Cir. 1993) (citing Davton,

739 F.2d at 692); 15 Fletcher Cyclopedia Corporations § 7122

(1990); see generally Russell v. Philip D. Moran, Inc., 122 N.H.

708, 710, 449 A.2d 1208, 1210 (1982). Notwithstanding this

general rule, a purchaser of assets will be held liable as a

successor to the transferor if: (1) there is an express or

implied agreement to assume the transferor's debts and

obligations, (2) there is a de facto consolidation or merger of

the purchaser and the transferor, (3) the transaction was

fraudulent, or (4) the purchaser is a mere continuation of the

transferor. John S . Boyd C o ., 992 F.2d at 408.3

Plaintiff rests her case solely on the first exception to

the rule, alleging that Greenerd Press agreed to assume Greenerd

3 While the New Hampshire Supreme Court has had little to say on this subject, I have no reason to believe that the court would deviate from the widely-followed principles of successor liability on which this order is based.

4 Arbor's liabilities when it accepted the assignment of

Calculagraph's rights and liabilities under the Asset Purchase

Agreement. Specifically, plaintiff points to Section 3 of the

Asset Purchase Agreement which states:

(a) Except as provided in paragraph (b) of this Section, the Buyer, effective at the closing time, assumes and agrees to pay, discharge and perform, and save the Seller harmless from the following contracts, obligation and liabilities of the Seller;

(vi) Liabilities or obligations of the Seller, if any, arising out of or made in connection with the manufacture or sale of goods by the Seller over and above application thereto of any amounts due or to become due from any insurer; . . .

Greenerd Press, in contrast, relies on Section 14 of the

Asset Purchase Agreement and argues that this section clearly

provides that the defendant assumed no liabilities to third

parties pursuant to the Asset Purchase Agreement. Section 14

provides:

The provisions of this Section and the assumption by the Buyer of obligations and liabilities of the Seller as set forth elsewhere in this Agreement are for the benefit of the Seller only and shall not affect obligations of the Seller's insurers and shall not create any rights in any person other than the Seller or its successors in interest under this Agreement.

In resolving this dispute, I must interpret the agreement in

accordance with New Hampshire law governing the interpretation of

5 contracts .

2. Contract Interpretation

The New Hampshire Supreme Court has repeatedly held that a

contract should be interpreted to reflect the intention of the

parties at the time it was made. Parkhurst v. Gibson, 133 N.H.

57, 61-62, 573 A.2d 454, 459 (1990); R. Zoppo Co. v. Dover, 124

N.H. 666, 671,

McCrory v. Greenerd Press & Machine, (D.N.H. 1993).

McCrory v. Greenerd Press & Machine (McCrory v. Greenerd Press & Machine) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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