{"id":5620,"date":"2015-10-23T10:00:46","date_gmt":"2015-10-23T15:00:46","guid":{"rendered":"http:\/\/injury.robertkreisman.com\/?p=5620"},"modified":"2019-10-28T10:35:12","modified_gmt":"2019-10-28T10:35:12","slug":"piercing-the-corporate-veil-is-a-remedy-not-a-cause-of-action","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/piercing-the-corporate-veil-is-a-remedy-not-a-cause-of-action\/","title":{"rendered":"Piercing the Corporate Veil is a Remedy Not a Cause of Action"},"content":{"rendered":"

The Illinois Appellate Court for the First District <\/a>recently reviewed a case regarding the piercing of a corporate veil<\/a>. Piercing the corporate veil is a practice in which a lawyer will prove that the corporation that would otherwise protect its shareowners from personal liability is really a fa\u00e7ade or fiction that allows for the \u201cpiercing\u201d of that veil to recover from the true owners. The appeals panel reversed a trial court\u2019s decision that dismissed plaintiffs’ claim in a case involving whether the plaintiffs were employees or independent contractors.<\/p>\n

Piercing the corporate veil is not a cause of action but instead a \u201cmeans of imposing liability in an underlying cause of action.\u201d<\/p>\n

A firmly established corporate entity stands on its own unless its corporate veil is pierced for different reasons. In many cases, once a party obtains a judgment against a corporation, the party then may attempt to pierce the corporate veil of liability protection and hold the dominant shareholders responsible for the corporate judgment.<\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Illinois Appellate Court for the First District recently reviewed a case regarding the piercing of a corporate veil. Piercing the corporate veil is a practice in which a lawyer will prove that the corporation that would otherwise protect its shareowners from personal liability is really a fa\u00e7ade or fiction that allows for the \u201cpiercing\u201d […]<\/p>\n","protected":false},"author":795,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[49,134,83],"tags":[],"class_list":["post-5620","post","type-post","status-publish","format-standard","hentry","category-business-litigation","category-commercial-litigation","category-corporate-law"],"yoast_head":"\nPiercing the Corporate Veil is a Remedy Not a Cause of Action — Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"The Illinois Appellate Court for the First District recently reviewed a case regarding the piercing of a corporate veil. 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