"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."
