$117,542
Corporate Law
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Case Details
Trial court awarded Westside Storage $117,542 against Country Contractors and its shareholders, piercing the corporate veil. The Court of Appeals reversed the judgment against the shareholders, ruling that undercapitalization was not assessed at the time of formation, there was no causal link between the lack of corporate records and injustice, and the absence of a remedy for the plaintiff does not justify piercing the corporate veil.
Additional Notes
Court of Appeals reversed the judgment against the shareholders.