The 100-square-foot room in Wilmington, Del., that is subleased by GSK Holdings-the owner of the American arm of British-based pharma giant GlaxoSmithKline-qualifies it as a Delaware corporate citizen, the U.S. Court of Appeals for the Third Circuit has held.
June 10, 2013 at 11:13 AM
1 minute read
The 100-square-foot room in Wilmington, Del., that is subleased by GSK Holdings the owner of the American arm of British-based pharma giant GlaxoSmithKline qualifies it as a Delaware corporate citizen, the U.S. Court of Appeals for the Third Circuit has held.
The ruling resolves a split in the district courts about how they are to determine the citizenship of holding companies versus operating companies.
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