Top NY Court Affirms High Bar For Piercing Corporate Veil

Law360, New York (November 29, 2012, 6:58 PM EST) -- New York's highest court on Thursday backed a legal standard that makes it difficult for plaintiffs to hold individuals liable for alleged corporate abuses, nixing a personal injury plaintiff's bid to recover damages from two property owners in a ruling experts say should protect businesses statewide.

The unanimous New York State Court of Appeals agreed with a lower appellate court, the First Department of the Supreme Court of New York's Appellate Division, which in 2011 turned aside plaintiff Atara James' effort to pierce the corporate veil...
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