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Home / Opinion Digests / Business Law / Court Pierces Veil on Sub’s Contract Claim (access required)

Court Pierces Veil on Sub’s Contract Claim (access required)

A subcontractor on a boiler project at the University of Richmond can pierce the corporate veil of its own subcontractor and win judgment against the sub-subcontractor ’s sole shareholder of its defunct corporation, as the shareholder failed to observe corporate formalities; but the Henrico Circuit Court denies reverse corporate veil piercing against another corporation formed ...