Steel Makers Covered By Corporate Veil: Court

Law360, New York (March 6, 2007, 12:00 AM EST) -- Two retired workers have lost their case against U.S. Steel and Kobe Steel after an appeals court ruled they failed to pierce the corporate veil protecting parent companies from the sins of their offspring.

Former non-union steel workers William Watterson and James Corrigan claimed they were the victims of age discrimination and were entitled to additional pension benefits on retirement, but the court found Monday the case could not get off the ground while they pursued the wrong targets.

The defendants, U.S. Steel and Kobe Steel,...
To view the full article, register now.