Posts Tagged ‘Personal Liability’
Architects Granted Reprieve on LLP’s
Persons licensed to engage in the practice architecture, public accountancy, engineering, land surveying, or law may form a limited liability partnership to engage in those professions. A limited liability partnership is a general partnership that limits the liablity of the partners for the obligations of the firm so long as they provide security (as specified…
Read MoreDemise of the Notion That Alter Ego Claims Belong to the Bankruptcy Estate
Shaoxing County Huayue Import & Export v. Bhaumik In Shaoxing County Huayue Import & Export v. Bhaumik (2011) 191Cal.App. 4th 1189, a creditor of a bankrupt corporation sued in state court to recover payment from an individual based on an alter ego theory of liability. The individual argued that the alter ego claim belonged to…
Read MorePersonal Liability of Officers for Corporate Obligations
In People v. Roscoe (2008) 169 Cal. App. 4th 829, two individuals (John F. Roscoe and Ned F. Roscoe) were officers, directors, and shareholders of a family company for an underground storage tank that leaked over 3,000 gallons of gasoline into the ground. The Sacramento County District Attorney filed a civil lawsuit against the company…
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