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Daily Archives: Wednesday, February 17, 2021

Posted: February 17, 2021

Overlapping Ownership and Common Office Space Alone Insufficient to Support Veil Piercing Claim

On February 11, 2021, the First Department issued a decision in Suverant LLC v. Brainchild, Inc., 2021 NY Slip Op. 00918, holding that overlapping ownership and common office space alone were insufficient to support a veil piercing claim, explaining: The allegations in the complaint do not warrant piercing the corporate veil to hold KVK, Vepuri,... Read more »