Veil Piercing and Successor Liability
Sometimes the perpetrator of wrongdoing is a corporation that becomes insolvent. In such situations, victims often become discouraged and fail to pursue their legal rights. This can be a mistake. There are many potential remedies to collect judgments in such circumstances, including piercing the corporate veil, the single-business enterprise doctrine, and the de facto merger doctrine. Our attorneys are experienced in pursuing various remedies to collect against insolvent corporations and limited liability companies. The firm's founder, Nicholas Berg, is the author of a chapter "Collecting from Insolvent Corporation" in the treatise Litigating Business and Commercial Tort Cases published by Thomson West and has successfully litigated multiple veil piercing cases, including one that resulted in a $54 million settlement.
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If you have a judgment that you have been unable to collect, or legal rights against an insolvent corporation, it is in your interest to work with an experienced attorney who can provide you with the advice you need to reach a resolution that reflects your interests. The first step is to meet with a lawyer so you can learn more about your legal options.