Maryland's appellate courts preserve the corporate shield against efforts to pierce the corporate veil

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Maryland remains one of the toughest jurisdictions for plaintiffs seeking to pierce the corporate veil and impose personal liability on corporate owners for contract debts. Maryland has long recognized an equitable claim to pierce the corporate veil in order to "enforce a paramount equity," while acknowledging that the fact pattern justifying the remedy is extremely rare. In fact, it may be near impossible to demonstrate a paramount equity in light of this recent decision.

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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.

© Thomas Valkenet, Young & Valkenet | Attorney Advertising

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