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...("May-Ridge"), a Delaware limited partnership and subsidiary of defendant-ap...-Ridge, seeking to pierce May-Ridge's corporate veil in order to hold Prime liable for May-Ridge's... to warrant the extreme measure of piercing May-Ridge's corporate veil. On January 7, 2005, th...
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- Jerome P. Alberto, Et Al., Plaintiffs-Appellants, and Roderick Earl Hall, Et Al., Movants-Appellants, v. Diversified Group, Inc., Et Al. Defendants, Diversified Group, Inc., Defendants-Appellees. Stephen C. Crawford, Plaintiff-Appellant, v. Diversified Group, Inc., Defendant-Appellee., 55 F.3d 201 (5th Cir. 1995)
... deciding to apply the substantive law of Delaware, and in concluding under Delaware law that DGI and... acquisition of such an interest, a new corporate entity, Z Corporation, was formed in Texas. The pu...B. PIERCING THE CORPORATE VEIL. Not to be deterred, Alberto et...
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... Court Denies Motion to Dismiss in Corporate Veil Piercing Suit Brought Under Delaware Law. In a c...
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In a stressed economy, creditors facing challenges collecting bad debts often want to reach into the deeper pockets of their customers' shareholders and owners. Collecting from people involved in limited liability companies can be frustrating because these entities limit the amount the owners and investors can lose; if the company hits hard times, the law protects these individuals from being held personally liable for their organization's debts and obligations. It essentially places a veil of protection over them. "Piercing the veil" is a metaphor for the judicial doctrine that permits a plaintiff to hold otherwise immune corporate shareholders personally liable for the debts owed by that corporation. The goal isn't to undermine protection from liability; piercing the veil requires tha...
...In a 2005 Delaware case, Mason v. Network of Wilmington, an individua...
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- International Financial Services Corporation, an Illinois Corporation, Plaintiff-Appellee, Cross-Appellant, v. Chromas Technologies Canada, Inc., a Canadian Corporation, Defendant-Appellant, Cross-Appellee, and Didde Corporation, Et Al., Defendants, Cross-Appellees., 356 F.3d 731 (7th Cir. 2004)
... have decided whether to pierce the corporate veil under an alter ego theory and that the damage... a right to a jury trial on the issue of piercing the corporate veil. Our review of this issue of la....1988) (concluding that, under the law of Delaware, piercing the corporate veil is equitable relief f...
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...History. The concept of a corporate personality traces its roots to ROMAN LAW and fo...Most large corporations select Delaware as their state of incorporation because of its sop... . PIERCING THE CORPORATE VEIL. When a corporation is a sham, ...
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... [NAPs Illinois] denied [that] it is a Delaware corporation with its principal place of business a... NAPs Illinois does not have an Illinois corporate charter. Nor is Illinois where it has its principa... (as in this case) federal tariff and veil-piercing claims. . Primary jurisdiction usually ...
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... Australian proceeding Joy Global Inc., a Delaware corporation with its principal place of business i... did not find, that the requirements for piercing the corporate veil under Delaware law have been me...
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Law practice and legal education are facing fundamental changes. Many assume that these changes will force law schools to give up on theory and focus more on training students for the practice of law. However, this Essay shows that the future may be more uncertain and complex. The only thing that is certain is that law schools may face, for the first time, the need to provide the type of education the market demands rather than serving lawyers’ and law professors’ preferences. Legal educators must respond to these demands by serving not just the existing U.S. market for legal services but also a global market for legal information. This may call for training in some, but not all, of the theories and disciplines that have been developing in law schools.
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- in the Matter of Bowen Transports, Inc., an Illinois Corporation, Debtor. Central National Bank of Mattoon, a National Banking Association, Plaintiff-Appellant, v. Bowen Transports, Inc., an Illinois Corporation, Defendant-Appellee., 551 F.2d 171 (7th Cir. 1977)
... Illinois (hereinafter referred to as the Delaware corporation), was organized in Delaware. The Illin..., the Bank argues that the doctrine of piercing the corporate veil should be applied so that the i...