parent nodes: limited liability | piercing the corporate veil
Walkovszky v Carlton
Facts
P hit by cab operated by Seon
Seon is owned by D, who owns multiple corporations and shifts assets between them to avoid liability
P sues D on three theories:
Analysis
Claim (1) fails because the very purpose of the corporate form is limited liability for individual investors.
Claim (3) fails because P does not sufficiently show that D's corporations' assets are "intermingled"
See piercing the corporate veil