Court Holds Subsidiary's Agreement To Arbitrate Binds Parent

As a general matter, a parent company will not be liable on a contract signed by its subsidiary simply because it is a wholly-owned subsidiary.  Sometimes, however, it is possible to establish some other basis for binding a parent to its subsidiary's agreement.  Such was the case in Cohen v. TNP 2008 Participating Notes Program, 2019 Cal. App. LEXIS 76.