Perpetual Real Estate Services, Inc. v. Michaelson Properties, Inc.

OPINION

WILKINSON, Circuit Judge:

In this case plaintiff has sought to pierce the corporate veil of its former business partner, Michaelson Properties, Inc. (MPI), and to hold MPI’s sole shareholder, Aaron Michaelson, personally responsible for MPI’s contractual liability. The jury re-turnéd a verdict in plaintiff’s favor, and the district court upheld the jury’s decision to pierce MPI’s corporate veil. We reverse. The jury instructions in this case misstated the applicable standard under Virginia law, and the jury verdict improperly stripped Michaelson of the limited liability to which his…