Perspective
Nov. 24, 2010
Lifting the Veil on California's Alter Ego Law
A recent 9th Circuit case helps to clarify parts of California's peculiar "alter ego" doctrine. By Jeffrey W. Kramer of TroyGould.
Under the legal doctrine of alter ego, may shareholders of a bankrupt corporation be held liable to the corporation's creditors for all purposes? Not in California, according to a recent opinion by the 9th U.S. Circuit Court of Appeals.
Normally, shareholders of a corporation are not liable for the corporation's debts. But when shareholders use a corporation in ways that are unfair or fraudulent, courts apply the alter ego d...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In