Using Construction Lien Law to Pierce the Corporate Veil: Court Upholds Breach of Fiduciary Duty Claims Against Officers of Bankrupt Contractor
By EsqSocial Corporation 01/04/25
The corporate veil is a fundamental concept of American jurisprudence that generally shields owners and officers from the lability of the corporation. Unless the corporate veil is pierced or otherwise avoided, owners and officers are not individually liable for the debts of the corporation. Since this legal barrier was first invented, lawyers have been coming up with new and creative ways to get around it. One such new and creative way was the subject of an opinion released last week by a...
By: Bradley Arant Boult Cummings LLP