Buckley v. Abuzir will likely be viewed as a watershed in piercing the corporate veil litigation because of its exhaustive analysis of when a non-shareholder can be personally liable for corporate debts. In that case, the court provides an extensive survey of how nearly every jurisdiction in the country has decided the non-shareholder piercing question. …
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Judgment Creditor Can Recover Attorneys’ Fees Spent Pursuing Successful Veil Piercing Suit Versus Corporate Officers
Q: Can a judgment creditor recover attorneys’ fees incurred in both its post-judgment discovery efforts after a default judgment against a defunct corporation and a subsequent piercing the corporate veil action to enforce the prior judgment where the contract with the defunct entity contains an attorneys’ fees provision? A: Yes. That’s the salient and nuanced holding from Steiner Electric …