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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Razorbak who wrote (54738)11/14/1999 10:40:00 PM
From: IndioBlues  Read Replies (1) of 95453
 
Razor, every state has its own set of criteria which must be established and balanced by a court that is attempting to determine whether to "pierce the veil" in a particular set of circumstances. The criteria I am familiar with (and recall off the top of my head <vbg>) generally require proof that the corporation to be pierced is a "sham" or "alter ego" operation for another person or entity, and evidence that corporate formalities are abused or ignored, etc. I don't know what argument might be fashioned by plaintiff lawyers here but I would guess that piercing B&W to get at MDR would be quite a long shot. Just my quick and dirty 2 cents.
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