Piercing the Corporate Veil: Minimizing Alter Ego Liability for Subsidiaries, Affiliates and Related Entities

Recording of a 90-minute CLE webinar with Q&A


Conducted on Thursday, June 8, 2017
Recorded event now available


This CLE webinar will examine the latest case law trends regarding piercing the corporate veil across several states. The panel will address the application of the doctrine to LLCs and best practices for litigating piercing the corporate veil cases.

Description

Litigants in business disputes often look beyond the corporation to related entities, including subsidiaries, affiliates, shareholders or directors, as potential sources of liability and recovery.

A plaintiff’s success with this approach, known as “piercing the corporate veil,” hinges on whether the corporation engaged in wrongful behavior, failed to follow corporate formalities, was inadequately capitalized, or exercised an inappropriate degree of control over the related entity.

Many businesses have formed as LLCs over the past several years as a strategy to protect themselves from alter ego liability. However, LLCs are also facing veil piercing claims in increasing numbers.

Listen as our authoritative panel explains the circumstances under which a corporate veil can be pierced to find alter ego liability and how the doctrine is being applied to LLCs. The panel will discuss considerations and best practices for corporations and related entities defending alter ego liability claims.

Outline

  1. Latest case law trends regarding piercing the corporate veil claims
  2. Application of doctrine to LLCs
  3. Litigating piercing the corporate veil cases

Benefits

The panel will review these and other key issues:

  • What factors do courts look at in applying the piercing the corporate veil doctrine?
  • Are there key differences between the methods for piercing the veil of a corporation versus an LLC?
  • What are some key considerations and best practices for corporations and related entities defending alter ego liability claims?

Faculty

Matthew A. Lipman, Partner
McElroy Deutsch Mulvaney & Carpenter, Philadelphia

Mr. Lipman ​focuses his practice on complex litigation matters, particularly those involving commercial and banking disputes, construction projects and fraud. He regularly assists clients with complex transactions involving businesses and real property including asset purchase agreements, stock transfers and commercial property sales and purchases. He also represents insurance companies in subrogation and recovery matters related to fidelity bonds and employee dishonesty policies, and represents banks in litigation and collection matters and those involving foreclosures, workouts, forbearance agreements and bankruptcies.  

Brett M. Larson, Shareholder
Messerli & Kramer, Minneapolis

Mr. Larson is the Chair of his firm's Business Services Department, which oversees the corporate, banking, real estate, estate planning and intellectual property practice groups. He focuses his practice in the areas of corporate governance and succession planning, mergers and acquisitions, and domestic and international transactions for businesses and estate planning and asset protection for business owners and high net worth individuals. He serves as outside general counsel to many businesses including start ups, small businesses, and global corporations.

Nathan J. Nelson, Shareholder
Messerli & Kramer, Minneapolis

Mr. Nelson focuses his practice on addressing general and specific business matters, including start-ups, acquisitions, dissolutions and mergers. He also has extensive experience in business succession and tax planning issues. Further, he drafts tax efficient estate planning instruments to transfer wealth from one generation to another.


Recordings

CLE On-Demand - Streaming Video

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On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.

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*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.

CLE On-Demand Video $297.00

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Recorded Event

Includes full event recording plus handouts.

Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

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Recorded Webinar Download $297.00

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Recorded Audio Download (MP3) $297.00

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Webinar

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Program Materials

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Program Materials

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CLE Credits

Many states grant CLE credits for on-demand streaming audio programs and recorded events. Our programs are pre-approved in many states. Refer to our state CLE map for state-specific information.

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Customer Reviews

The webinar was very straightforward.

Michael Kossow

Airgas

I appreciated the discussion about the often complex aspects of giving legal opinions in the LLC context.

David Longenecker

Stites & Harbison

I liked that the webinar was very informative and concise.

Jill Canetta

Experian

The program had good speakers and was an appropriate length of time.

Douglas Van Valkenburg

Day Pitney

The presenter was very articulate and had an excellent command of the topic and provided very thorough handouts.

Theresa Woodruff

Mercury Marine

or call 1-800-926-7926

Corporate Law Advisory Board

Stuart M. Altman

Director, Corporate Legal Investigations

Intel

Mark H. Hain

General Counsel

Assurance America

Michael Hermsen

Partner

Mayer Brown

Matthew A. Karlyn

Partner

Foley & Lardner

Michael J. Missal

Inspector General

Department of Veterans Affairs

G. Thomas Stromberg

Partner

Jenner & Block

or call 1-800-926-7926

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