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6 Mar 2012, 12:06 am by John Diekman
Practice point: A plaintiff seeking to pierce the corporate veil must show that complete domination was exercised over a corporation with respect to the transaction at issue, and that the domination was used to commit a fraud or wrong against the plaintiff which resulted in plaintiff's injury.Student note: In addition, the corporate veil will be pierced to achieve equity, even absent fraud, when a corporation has been so dominated by an individual or another… [read post]
5 Jun 2018, 5:25 pm by Steve Bainbridge
US Third Circuit Senior Judge Jane Richards Roth issued a bizarre pronouncement in a recent veil piercing opinion: ... it is unclear that merely using a corporation to limit personal liability rises... [[ This is a content summary only. [read post]
27 May 2021, 6:28 am by John Jascob
A circumscribed reverse-veil-piercing rule balances the need to protect corporate separateness with a policy against allowing the corporate form to facilitate fraud or injustice (Manichaean Capital, LLC v. [read post]
3 Sep 2010, 10:34 am
Piercing the corporate veil requires a showing that (1) one corporation exercised complete domination of another with respect to the transaction attacked, and (2) that such domination was used to commit a fraud or wrong against the plaintiff which resulted in the plaintiff's injury [see, Hyland Meat Co. v Tsagarakis, 202 AD2d 552 (2 Dept. 1994)]. [read post]
The Supreme Court’s decision in the case of Petrodel v Prest, handed down June 12, 2013, marks a crucial shift in the extent to which the courts will allow the “piercing of the corporate veil”. [read post]
10 Aug 2012, 7:11 am by Thomas G. Heintzman
That is the issue which the English Court of Appeal recently faced in VTB Capital Plc v. [read post]