Legal Opinion
James v. Loran Realty V Corp.
New York Court of Appeals
Decided November 29, 2012PublishedCited by 8 opinions
1Opinion of the Court
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be affirmed, with costs, and the certified question answered in the affirmative.
Plaintiffs, as the party seeking to pierce the corporate veil, had the burden to show that the individual defendants “abused the privilege of doing business in the corporate form to perpetrate a wrong or injustice against” them (Matter of Morris v New York State Dept. of Taxation & Fin., 82 NY2d 135, 142 [1993]). Plaintiffs did not meet this burden, inasmuch as they failed to produce evidence that the individual defendants took steps to…
2Cases cited1 opinion
- Morris v. New York State Department of Taxation & FinanceNew York Court of Appeals · 1993
3Cited by8 opinions
- Franklin v. Daily Holdings, Inc.Appellate Division of the Supreme Court of the State of New York · 2015
- Sutton 58 Assocs. LLC v. PilevskyAppellate Division of the Supreme Court of the State of New York · 2020
- Matter of DePetris v. TrainaAppellate Division of the Supreme Court of the State of New York · 2022
- Edward Tyler Nahem Fine Art, L.L.C. v. BarralAppellate Division of the Supreme Court of the State of New York · 2016
- Conason v. Megan Holding, LLCAppellate Division of the Supreme Court of the State of New York · 2013
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