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Piercing the Corporate Veil: When Can Owners Be Personally Liable?

Total Credits
1 - 1.5
  • Instant Online Access
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The hard rule of law is that a corporation is liable for its debts and contractual obligations and the shareholders are not liable. But sometimes a party dealing with a corporation might be able to reach the shareholders’ pockets to collect a corporate liability. It is critical that corporate lawyers and litigators on both sides of the litigation understand the principles of when the courts will “pierce the corporate veil” and how to pursue or to defend against such a claim.

This riveting CLE course will explore this complex issue through a presentation of:

  • Well-established principles of corporate insulation
  • Factors that the courts will consider when asked to pierce the corporate veil
  • Single shareholder domination
  • The objective of achieving equity in an appropriate case
  • Analysis of specific cases
  • An examination of the role of corporate formalities and undercapitalization
  • The “alter ego” theory
  • Practice issues including statutes of limitations, pleading, summary judgment and discovery

Lecturer Bio

Barry A. Wadler, Esq.

Barry A. Wadler is an attorney admitted to practice in New York and New Jersey. He has been in private practice for thirty-nine years representing a wide range of small to mid-size businesses. His practice consists of both transactional work and complex commercial litigation.

His transactional work has included the purchase or sale of various businesses, shareholder agreements, buyout of a shareholder, consulting agreements, employment agreements, confidentiality agreements and non-compete agreements.

His litigation practice has included such diverse matters as the breakup of shareholders, beer distributorship terminations, mechanics’ lien coverage, real estate development, urban planning, commercial and residential lease issues and a challenge to a cable television franchise.

Mr. Wadler received his law degree from Brooklyn Law School in 1973. He has offices in New York City and Hackensack, New Jersey.

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