#507

PIERCING THE CORPORATE VEIL - WHEN CAN THE OWNERS OF A BUSINESS BE HELD LIABLE?


--- 1.0 CLE Credit for AZ,CA,CT,FL,ID,IL,NJ,NY,PA,WA
--- commercial / consumer law
--- course production date: 8/12/2015
--- presented by BARRY A. WADLER

BARRY A. WADLER
The hard rule of law is that a corporation is liable for its debts and contractual obligations and the shareholders are not liable. But sometimes a party dealing with a corporation might be able to reach the shareholders’ pockets to collect a corporate liability. It is critical that corporate lawyers and litigators on both sides of the litigation understand the principles of when the courts might “pierce the corporate veil” and how to pursue or to defend against such a claim.

Key course points are:
• Understand the scope and limitations of this complex area of law.
• Corporate counsel will learn to anticipate and avoid pitfalls of shareholder personal liability.
• Litigation counsel should understand when it is possible to proceed against shareholders for a corporate liability.
• Defense counsel should understand the defenses to a claim seeking to pierce a corporate veil.


--- presented by BARRY A. WADLER

Barry A. Wadler has been in private practice for forty years representing a wide range of small to mid-size businesses.

Mr. Wadler, who is admitted to practice in New York and New Jersey, does both transactional work and commercial litigation. His transactional work includes negotiation and preparation of business agreements such as shareholder or partnership agreements, purchase or sale of businesses, employment agreements, leases and many others. Litigated matters have involved prosecuting or defending lawsuits arising from business disputes such as shareholder disputes, partnership breakups, termination of beer distributorship agreements, enforcement of non-competition agreements and disputes arising from commercial leases and many others