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Expert Analysis

Extending Liability To Limited Partners In NJ

Law360, New York (July 12, 2011, 12:33 PM EDT) -- In a published decision, the New Jersey Superior Court Appellate Division held that the equitable principle of piercing the corporate veil can be applied to New Jersey limited partnerships.[1] The decision fills a gap in New Jersey case law, expanding the ability of a litigant to extend liability to the limited partners of a partnership. However, while the court determined that the corporate veil may be pierced for limited partnerships (as opposed to just corporations), the court declined to pierce the "partnership veil" on the facts presented....

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