18—5. Piercing the Corporate Veil.

In New York City, 2406-12

Amsterdam Associates, LLC, brought an action in a New York state court

against Alianza Dorninicana and Alianza, LLC, to recover unpaid rent. The

plaintiff asserted cause to pierce the corporate veil, alleging that Alianza

Dominicana had made promises to pay its rent while discreetly forming

Alianza, LLC. to avoid liability for it. According to 2406-12, Alianza, LLC.

was 90 percent owned by Alianza Dominicana. had no employees, and had

no function but to hold Alianza Dominicana ‘s assets away from its

creditors. The defendants filed a motion to dismiss the plaintiffs claim.

Assuming that 2406-12 •s alleoations are true. are there sufficient grounds

to pierce the corporate veil of Alianza, LLC? Discuss. 12406-12 Amsrerdam

Associates, LLC’ v. Alian:a, LLC 136 A.D.3d 512, 25 N.Y.S.3d 167 (1 Dept.

20,1 6)) (See Piercing the Corporate Veil.)

Don't hesitate - Save time and Excel

Assignmentsden brings you the best in custom paper writing! To get started, simply place an order and provide the details!

Post Homework
Top