You don’t see a "reverse" piercing the corporate veil case very often, but the Business Court decided one yesterday in Health Management Associates, Inc. v. Yerby, 2009 NCBC 14 (N.C. Super. Ct. June 1, 2009).  The Court rejected a Plaintiff’s argument that its own corporate veil should be pierced, and granted summary judgment in favor of the Defendants.

Why was the Plaintiff Health Management Associates, Inc.,  taking the position that the Court should disregard the corporate separateness between it and its wholly owned subsidiary, Louisburg H.M.A., Inc?

The parent…

Continue Reading “Reverse” Piercing The Corporate Veil Claim Rejected Based On Judicial Estoppel