Kent Greenfield and Daniel Rubens want courts to invoke the legal fiction of corporate personhood to frustrate the free exercise rights of close corporation shareholders (although they frame the issue somewhat differently):
Corporatio...
Several years ago I wrote an article entitled Abolishing Veil Piercing, whose titular thesis called on courts to scrap the doctrine known as piercing the corporate veil. The standard justification for veil piercing argues it serves as a ...
Keith Paul Bishop reports:
As the name suggests, reverse veil piercing occurs when a third party outsider is able to reach corporate assets to satisfy claims against an individual shareholder. In an opinion filed yesterday, the Fourt...
In my article Abolishing LLC Veil Piercing, I argued that:
Courts are now routinely applying the corporate law doctrine of veil piercing to limited liability companies. This extension of a seriously flawed doctrine into a new arena is...
Annex Medical Inc. v. Sebelius is one of the cases in which plaintiffs are seeking exemptions under the Religious Freedom Restoration Act from the abortion and related reproductive services insurance mandates imposed by Obamacare (a.k.a....
John Cunningham writes:
In my view, one of the most important tasks lawyers should perform in forming LLCs for their clients is to instruct their clients on how to avoid LLC veil-piercing. .... In a soon forthcoming blog, I will provi...
Keith Bishop reports:
Reverse veil piercing involves subjecting an entity to the liabilities of its owner. See Inside and Outside Veil Piercing. As Professor Bainbridge has noted, there are two types of reverse veil piercing:
One ...
I thought I was done mining Keith Paul Bishop's post on Curci Investments, LLC v. Baldwin, Cal. Ct. App. Case No. G052764 (Aug. 10, 2017), but one more minor point needs to be made. Keith writes:
As the name suggests, reverse veil pie...
The WSJ reports that:
On Friday, the Philadelphia-based U.S. Court of Appeals for the Third Circuit ruled that “for-profit, secular corporations cannot engage in religious exercise,” departing from a decision in June by the U.S. Court...
Jaap Barneveld continues the rceent discussion we've been having on piercing the corproate veil, with special emphasis on the problem of undercapitalization.
