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https://www.jonathancooperlaw.com/library/how-to-pierce-the-corporate-veil-under-new-york-law.cfm
How to Pierce the Corporate Veil Under New York Law Image: elektroholunder/Creative Commons Unfortunately, from the myriad questions I have received on this topic over the last few years, it is apparent that there are many misconceptions about what "piercing the corporate veil" is insofar as New York is concerned.
https://www.corporatedirect.com/asset-protection-resources/piercing-the-corporate-veil-new-york/
Two people died, and now two corporations have had their veils pierced to pay for the wrongful deaths. The State of New York is quite willing to pierce the veil in certain cases. This was one of them. In In re 91st Street Crane Collapse Litigation, 154 A.D.3d.139, 62 (1st Dept.,...
https://www.defensecounsel.com/current-laws-in-new-york-regarding-piercing-the-corporate-veil/
Mar 22, 2018 · New York courts may permit the piercing of the corporate veil between affiliated or subsidiary corporations in instances where the dominant or parent corporation uses the subservient corporation to engage in wrongful conduct.
https://www.jonathancooperlaw.com/video/what-is-piercing-the-corporate-veil.cfm
(This is called "piercing the corporate veil"). There is a caveat to this rule, however. Courts will, generally speaking, allow you to pierce the corporate veil when the plaintiff can show, with competent, incisive evidence (generalized allegations probably won't suffice), that the defendant's corporate form is illusory, a mere sham, and that ...
https://fhnylaw.com/want-hold-corporate-officer-personally-liable-alleged-wrong-try-piercing-corporate-veil-can/
Mar 04, 2019 · New York State Dept. of Taxation & Fin., 82 N.Y.2d 135, 142 (1993) (the corporate veil may be pierced where the owners have “abused the privilege of doing business in the corporate form” by “perpetrat[ing] a wrong or injustice . . . such that a court in equity will intervene.”);
https://fhnylaw.com/piercing-corporate-veil-may-risk/
Dec 14, 2016 · In New York, it is not necessary to plead or prove fraud in order to pierce the corporate veil. Those seeking to pierce the corporate veil must show that the corporation or LLC was dominated in connection with the transaction at issue and that the domination was the instrument of fraud or otherwise resulted in wrongful or inequitable consequences.
https://law.justia.com/cases/new-york/appellate-division-fourth-department/2017/808-ca-17-00122.html
In order to pierce the corporate veil, a plaintiff must show that: "(1) the owners exercised complete domination of the corporation in respect to the transaction attacked; and (2) that such domination was used to commit a fraud or wrong against the plaintiff which resulted in plaintiff's injury" (Matter of Morris v New York State Dept. of Taxation & Fin., 82 NY2d 135, 141).
http://www.miamilegalresources.com/files/118639123.pdf
Exception #2: Pierce the Corporate Veil • New York – Liberal Pleading Standard • “Veil piercing is a fact-laden claim” that is not well suited for resolution upon a motion to dismiss, or even a motion for summary judgment. Damianos Realty Group, LLC v. Fracchia, 35 A.D. 3d 344 (N.Y. App. Div. 2d Dep’t 2006); First Bank of Americas v. Motor Car Funding,
https://business-finance-restructuring.weil.com/corporate-governance/plain-vanilla-veil-piercing-still-alive-and-well-in-new-york/
Sep 26, 2013 · The New York Supreme Court began its veil-piercing analysis with the general rule that “a corporation exists independently of its owners, who are not personally liable for its obligations, and that individuals may incorporate for the express purpose of limiting their liability.”
https://nydailyrecord.com/2012/01/13/civil-litigation-the-alter-ego-theory-and-piercing-the-corporate-veil/
Jan 13, 2012 · Creditors traditionally pierce the corporate veil to hold a controlling shareholder personally liable for a corporate debt. However, where the business entity and its controlling owner are alter egos, under the Reverse Piercing Doctrine, the piercing flows in the opposite direction and makes the corporation liable for the debt of the individual business owner.
https://nybankruptcy.net/main/2017/piercing-corporate-veil-new-york-bankruptcy/
Jan 03, 2017 · To paraphrase New York’s rules for piercing the corporate veil, a plaintiff must prove that the company’s owners completely “dominated” the corporate entity to wrong the plaintiff. A plaintiff can prove the owners’ “domination” by showing that a totality of the following factors is present.
https://www.schlamstone.com/plaintiff-cannot-bring-veil-piercing-claim-without-claim-against-entity-whose-veil-is-being-pierced/
Dec 21, 2014 · Indeed, a stand alone claim for recovery from a purportedly dominant alter ego entity is considered legally insufficient since New York does not recognize a separate cause of action to pierce the corporate veil. Instead, corporate veil piercing is an equitable doctrine which allows a corporation’s separate legal existence to be disregarded so as to attach liability to its operatives ordinarily insulated …
https://law.justia.com/cases/new-york/appellate-division-second-department/2016/2015-03144.html
Olivieri Constr. Corp. v WN Weaver St., LLC 2016 NY Slip Op 07302 Decided on November 9, 2016 Appellate Division, Second Department Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431. This opinion is uncorrected and subject to revision before publication in …
https://drdiekman.blogspot.com/2013/01/piercing-corporate-veil.html
Jan 31, 2013 · Nevertheless, equity will intervene to pierce the corporate veil and permit the assertion of claims against the individuals who control the corporation in order to avoid fraud or injustice.Piercing the corporate veil requires a showing that the individual defendants exercised complete dominion and control over the corporation and used such ...
https://patentlyo.com/patent/2013/01/piercing-the-corporate-veil-corporate-officers-are-liable-for-their-own-torts.html
Jan 29, 2013 · Under New York law, “the party seeking to pierce a corporate veil [must] make a two-part showing: (i) that the owner [or officer] exercised complete domination over the corporation with respect to the transaction at issue; and (ii) that such domination was used to commit a fraud or wrong that injured the party seeking to pierce the veil.”
https://yourbusiness.azcentral.com/must-claim-pierce-corporate-veil-brought-8286.html
When you file your lawsuit against the corporation, you can name the corporation's owner as a co-defendant and make your allegations that "piercing the veil" is warranted under the facts. Your...
https://www.law360.com/articles/654425/beware-distinctions-between-veil-piercing-and-alter-ego
May 13, 2015 · New York bankruptcy cases have consistently shown that corporate veil piercing and a finding of alter ego are distinct doctrines and may have very …
https://legaltimes.typepad.com/files/amended-complaint-9.pdf
in the United States District Court for the District of Columbia, and of both Defendants in a ... and to file the complaint in the United States District Court for the District of Columbia. 12. On April 28, 2009, Thompson Hine filed on SE's behalf a Verified Complaint for ... Thompson Hine to "pierce the corporate veil" as to SE and to recover ...
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