Villaverde v. IP Acquisition VIII, LLC

Defendant won $166,000 judgment for unpaid wages against his former employer; during litigation, creditors conducted foreclosure sale and acquired company's intellectual property, preventing Defendant from collecting his judgment. Court properly entered summary judgment for Defendants, as no exception to doctrine of corporate successor nonliability applies. Defendant did not show that foreclosure transaction was a fraud, under the Illinois Uniform Fraudulent Transfer Act, to avoid paying his judgment.(LAVIN and MASON, concurring.)