In Colorado, you may now be able to recover attorneys' fees and costs expended in piercing a corporate veil.

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Based on the holding of Swinerton Builders v. Nassi, "a party who prevails in an action to pierce the corporate veil of a corporation may recover the attorney fees and costs incurred in that action if (1) the action was brought to enforce a breach of contract judgment against the corporation, and (2) the contract underlying the judgment authorized an award of fees and costs for enforcing the judgment against the corporation."

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© David M. McLain, Higgins, Hopkins, McLain & Roswell, LLC | Attorney Advertising

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