Tags: Case, Legal Case, Supreme Court Of The United States Case, Unit Of Work.
Taylor v. Standard Gas and Electric Company 306 U.S. 307 (1939) was an important United States Supreme Court case that laid down the Deep Rock doctrine as a rule of bankruptcy and corporate law. This holds that claims as creditors upon an insolvent subsidiary company by controlling shareholders or other insiders like managers or directors will be subordinated to the claims of all other creditors.