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Home / Opinion Digests / Business Law / Direct or alter-ego theory not available in furniture store dispute (access required)

Direct or alter-ego theory not available in furniture store dispute (access required)

The plaintiff, a retail furniture store in North Carolina, failed to establish jurisdiction over the two individuals who sold it the business. Neither of the two sellers assumed individual obligations in the supply agreement, which was the basis of the suit, and the store’s complaint did not plead sufficient facts to pierce the corporate veil. ...