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November 1, 2013Judith Elkin
Lifting the Veil and Finding the Pot of Gold: Piercing the Corporate Veil and Substantive Consolidation In the United States
You are sitting at your desk eating lunch when the phone rings. It is a friend of yours whois a corporate partner at another law firm. She has been representing a large real estatedeveloper for years. Her main client contact has always been the flamboyant majority owner ofthe enterprise, Joe Castle. His empire is crumbling. The real estate market has softenedsignificantly, and his bondholder creditors have just discovered that there is significantly moredebt owed than had allegedly been disclosed to them. She wants your help in defending againstpotential litigation.