CLE Course Details

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

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Price: $55
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  • Description

    A shareholder’s personal liability for the debts of a corporation is generally considered negligible at best—liability lies with the corporation itself. But there are exceptions and under particular circumstances, parties seeking compensation may address their claims directly to the shareholder. This CLE course will review the various principles that guide the courts in determining when to “pierce the corporate veil” and how those claims should be pursued, whether in defense or pursuit. The course will explain the many complexities of the issue through a review of the established principles of corporate insulation, the factors that impel the courts to question shareholder liability, single shareholder domination, the “alter ego” theory objectives of achieving equity in an appropriate case, a review of specific, relevant cases, a thorough examination of the role of corporate formalities and undercapitalization, practice issues including statutes of limitations, pleading, summary judgment and discovery.

  • Instructor Bio

    Barry Wadler

    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.