U.S. District Judge Stephanie Haines of the Western District of Pennsylvania. Photo: Diego M. Radzinschi/ALM US Judge Denies Dismissal of Claims Using 'Enterprise Theory' of Corporate Veil Piercing
A federal judge's decision to allow the plaintiff to go after companies owned by the shareholders marks an early application of the "enterprise theory" of veil piercing that the Pennsylvania Supreme Court established in July 2021.
April 07, 2022 at 01:31 PM
3 minute read
Corporate Entities
A pair of shareholders have been rebuffed in their bid to dismiss claims seeking to pierce the corporate veil and hold them and companies they allegedly own liable for a multimillion-dollar settlement owed by a related, now-bankrupt company.
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