Ninth Circuit Allows Debt-Specific Alter Ego Claims Against Bankrupt Corporation’s Shareholders

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Under the legal doctrine of alter ego, may shareholders of a corporation in bankruptcy be held liable to the corporation's creditors for all purposes? Not in California, according to a recent opinion by the United States Court of Appeals for the Ninth Circuit.

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Published In: Bankruptcy Updates, Business Organization Updates

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.

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