Jefferson Pilot Broadcasting Company v. Hilary & Hogan, Inc.

JAMES C. HILL, Circuit Judge:

Jefferson Pilot Broadcasting Co. [Pilot], appellee, contracted with Hilary & Hogan, Inc. [Hilary] to produce a television commercial. Pilot fully performed; Hilary accepted Pilot’s performance and promptly became insolvent. Unpaid, Pilot brought suit in diversity, 28 U.S.C. § 1332(a) (1976), against both Hilary and its two officer-shareholders, Messrs. J. Hilary Cox and J. Dan Hogan. The district court entered judgment for the contract price against all three defendants, thereby “piercing” the individual defendants’ corporate “veil.” Jefferson Pilot Broadcasting…