Disciplined in Sophisticated Defense and Insurance Litigation

May 09, 2006 | Publication| Taking A Closer Look For Deep Pockets

Dean S. Rauchwerger

A CORPORATION is a legal entity created by filing certain documents with the state. It offers many benefits that are found in other entities, such as limited liability, centralized management, transferability of ownership, continuity, and taxation. On the other hand, some of these benefits pose problems for securing legal liability when the corporation is used as a shield to avoid liability or to perpetuate a fraud. In these cases, a victim may be left without any avenue of relief. Fortunately, all hope is not lost!