Veil Piercing and Fraudulent Transfers Under the (New) DCL
- Jan 31 2024
By: Jeffrey M. Haber In 245 E. 19 Realty LLC v. 245 E. 19th St. Parking LLC, 2024 N.Y. Slip Op. 00368 (1st Dept. Jan. 30, 2024) (here), the Appellate Division, …
Category: Alter Ego Liability
Veil Piercing Rejected By Second Department in Judgment Enforcement Action
- Nov 13 2023
By: Jeffrey M. Haber It is well-settled that a corporation (or limited liability company) acts through its officers, directors and owners. As a result, these individuals are normally not liable …
Fraud, Group Pleading and Particularity
- Jul 13 2022
By: Jeffrey M. Haber In Yunjie Yang v. Knights Genesis Group, 2022 N.Y. Slip Op. 32126(U) (Sup. Ct., N.Y. County July 6, 2022) (here), the court was asked to consider …
The Parent and The Subsidiary. When is The Former Liable for The Actions of the Latter?
- Apr 5 2021
Corporations are legal entities distinct from their managers. As such, like any shareholder or investor, a corporation can buy shares in another corporation. When a corporation buys enough voting shares …
Want to Hold a Corporate Officer Personally Liable for an Alleged Wrong? Try Piercing the Corporate Veil … if You Can
- Mar 4 2019
The title of a today’s post sums up the difficulties a plaintiff encounters when trying to pierce the corporate veil to hold a corporate officer, director or shareholder responsible for …
