Posted on April 8, 2009 by Jarad Hunter

"Piercing the Corporate Veil" Does Not Apply to Sister Corporation

The Ohio Supreme Court recently issued an opinion in corporate law, which may be of interest to readers that work for health industry participants with multiple entity organizational structures.  Per syllabus, the Court held:

 "A corporation's veil may not be pierced in order to hold a second corporation liable for the corporate misdeeds of the first when the two corporations have common individual shareholders but neither corporation has any ownership interest in the other corporation."

Tags: , ,
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.szdhealthlawscan.com/admin/trackback/123594
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.

DISCLAIMER: Although we wish to hear from you, information exchanged in this blog does not create an attorney-client relationship. Please do not post any information that you consider to be personal or confidentiaL. If you wish for us to consider representing you, please obtain contact information from the "About" page of this blog or go to the firm's Web site at www.szd.com.
One of our lawyers will be happy to discuss the possibility of representation with you.







Remember personal info?
Send To A Friend Use this form to send this entry to a friend via email.