In the case of Myers v. International Trust Company, 1926, the U.S Supreme Court was tasked with determining whether a Colorado statute that allowed for foreign corporations to be sued in any county where they conducted business was constitutional. The plaintiff, Myers, had filed suit against International Trust Company (a Maine corporation) in a county other than Denver County - where the company's principal place of business and registered agent were located. The defendant argued this violated their due process rights under the Fourteenth Amendment as it did not provide them with fair notice or an opportunity to defend themselves properly. The Supreme Court ruled in favor of International Trust Company stating that while states have broad power over domestic corporations including designating places for lawsuits; such powers do not extend to foreign corporations unless there is consent from these entities or if they are essentially at home within those jurisdictions. Therefore, subjecting a foreign corporation to litigation outside its primary place of operation without proper justification violates due process rights guaranteed by the Constitution.

In the dissenting opinion for Myers v. International Trust Company, Justice Oliver Wendell Holmes Jr. disagreed with the majority's decision to uphold a lower court ruling that allowed a trustee in bankruptcy to recover payments made by an insolvent debtor on account of antecedent debts within four months before filing for bankruptcy. He argued that such transactions should not be considered fraudulent and voidable unless it can be proven that they were done with actual intent to defraud creditors or prefer one creditor over another. According to him, there was no evidence showing any fraudulent intent on part of the debtor when he made those payments; hence, they should not have been recovered from their recipients (the banks). He also contended that allowing trustees in bankruptcy cases to reclaim such payments would discourage banks and other financial institutions from extending credit facilities to businesses facing temporary financial difficulties out of fear that they might later be forced to return them if those businesses eventually go bankrupt.